Image Source: ekathimerini.com
The Greek government is implementing bold initiatives to revolutionize the country’s production model. This includes offering substantial tax deductions for research and development spending, increased reduced tax rates for patented products, and tax credits for investments in startups. Their vision is to shift towards innovative products with high value in sectors like food and medical technology.
The government is also introducing tax incentives to encourage mergers and acquisitions, aligning with the recommendations of the “Pissarides report.” These reforms aim to boost economic growth and create a more competitive business environment.
The proposed bill, outlined by Ministers Theodorikakos and Hatzidakis, is set to be presented in Parliament for approval. The estimated cost of these measures is 40 million euros annually, with anticipated benefits for the economy outweighing the expenses.
Additionally, plans for a Patent Fund by the Hellenic Development Bank will support businesses in securing international patents and developing innovative products. The government is taking strategic steps to enhance Greece’s position in the global market and foster a culture of innovation.
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