The Cabinet on Thursday approved a draft bill presented by the Development, Competitiveness and Shipping ministry that lowers the minimum limits for including proposed investments in the ΄Fast Track΄ process, as well as fully — after decades — lifting the regime of cabotage in Greek waters.
According to Athens News Agency, the bill also includes measures designed to slash red tape and speed up investments.
Development Minister Mihalis Chrysohoidis said the limits for including a project in the Fast Track process had been reduced from 250 million euros to 120 million euros, while investments in industry would henceforth only need a capital of about 15 million euros.
It also calls for a single reception centre for investments at ΄Invest in Greece΄, where applications will be replied to within 60 days.
The full deregulation of cabotage will completely liberalise the cruise market and allow cruise ships to embark from Greek ports.
(source: ana-mpa, capital)
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