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An Investment Bill Without Funds

The single amount of 500 million euros will be available in 2011 for direct grants towards the new investment development act, that is reformed by the Ministry of Regional Development and will be ready in mid-October.
The shortage in funding is due to the finical crisis Greece is facing, plus, the massive integration of investment projects previously set for 6 billion euros. Thus, inevitably, the investment projects grants to be included in the new law will be mainly given through tax incentives, as announced yesterday directly from New York, the Prime Minister, George Papandreou According to information given, powerful tax incentives will be provided for investments in freight centers, tourism, construction and shipping.

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