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Tuesday, October 4, 2022
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GreeceBusinessGREECE: Investment increase of 300% for Research and Technology

GREECE: Investment increase of 300% for Research and Technology

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“We can expect a 300% increase in investment for Research and Technology,” said Deputy Minister of Research and Technology Christos Dimas at the Greece-Lithuania Business Forum.

The forum was organized by the Athens Chamber of Commerce and Industry, the Association of Businesses and Industries and the Hellenic Investment and Foreign Trade Company Enterprise Greece, in collaboration with the Lithuanian Embassy in Athens and the Vilnius Chamber of Commerce and Industry.

The priorities of the Ministry of Development and Investment were referred to by the Deputy Minister of Research and Technology, Christos Dimas who emphasized in the importance of creating quality jobs. “We want to increase the investment in this sector, especially from the private sector. We are currently ranked 16th among EU members in terms of R&D expenditure, investing around 1.27% of our GDP, with funds coming from both the private and public sectors. For our part, we have proceeded with corporate tax breaks in order to encourage private initiatives. As a result, we can expect an investment increase of 300%. It is noteworthy that despite the conditions of the pandemic, significant investments were made by companies such as Microsoft, Pfizer, Cisco, Volgswagen, etc.” Mr Dimas underlined.

SOURCE: AMNA

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