G/SCM/N/25/EEC
Page292
GREECE
Notification ofGrants
During 1996 inGreece
General Information
1. Allsubsidies granted during theyear1996 fortheeconomic development ofthecountry are
provided bythePublic Investment Programme (Private Investment Section) inorder topromote
productive investments inthePrimary, Secondary andTertiary sectors oftheeconomy.
2. Thenotification covers theperiod from 1.1.1996 upto31.12.1996.
3. Thepurpose ofallsubsidies istheprovision ofinvestment incentives.
4. Thesubsidies/grants forwhich theMinistry ofNational Economy isresponsible, areprovided
within thedevelopment law1892/90 andamendments/supplements oflaw2234/94. Theauthority
responsible fortheimplementation oftheinvestment incentives isthecentral service oftheMinistry
ofNational Economy anditsRegional Directorates, theNational Organization ofSMEs andthe
Agricultural Bank ofGreece.
5. Form ofthesubsidy: Grants.
6. Thesubsidies aregranted tocompanies inorder tosupport theirproductive investments.
7. Forthetotalamount aswellasitsdistribution byregion andsection seetheattached tables.
8. Duration: Unless future lawspecifies otherwise, there isnoexpiration dateforthe
implementation oftheabove referred subsidy.
9. Statistical datapermitting theevaluation oftheeffect thattheincentives mayhaveontrade
arenotavailable.
Note: Eligible tothebenefits ofthedevelopment lawareonlytheinvestments defined as"productive"
byit.Trade isnotincluded inthisdefinition.G/SCM/N/25/EEC
Page293MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
TOTAL PER REGION AND SECTOR
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
70 Primary 11,735,450,000 4,417,765,000 5,041,542,500 2,276,142,500 246 416,650,993
1,212 Secondary 315,022,255,613 108,677,432,333 137,191,632,492 59,123,626,060 29,564,728 9,347 967 6,419,702,555
159 Tourism 53,913,194,321 26,370,078,850 15,726,992,950 11,754,296,500 5,636,200 56,109,821 805 28,101 770,903,800
60 Services 15,777,971,926 7,150,613,326 5,788,720,100 2,796,038,500 42,600,000 570 51 314,791,450
1,501 TOTAL 396,448,871,860 146,615,889,509 163,748,888,042 75,950,103,560 48,236,200 85,674,549 10,968 29,119 7,922,048,798G/SCM/N/25/EEC
Page294MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: EASTERN MACEDONIA AND THRACE
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
23 Primary 3,161,700,000 959,320,000 1,881,757,500 320,622,500 35 221,927,333
182 Secondary 128,569,568,868 33,074,811,416 71,822,217,092 23,648,864,360 23,676,000 3,641 2,901,888,020
2Tourism 7,358,000,000 1,625,625,000 3,033,000,000 2,699,375,000 197 1,417 143,352,720
5Services 288,862,426 122,112,426 166,750,000 4 186,501,450
212 TOTAL 139,378,131,294 35,781,868,842 76,903,724,592 26,668,861,860 0 23,676,000 3,877 1,417 3,453,669,523G/SCM/N/25/EEC
Page295MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: CENTRAL MACEDONIA
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
16 Primary 2,323,900,000 852,015,000 871,715,000 600,170,000 19 31,890,000
165 Secondary 30,646,885,631 13,254,431,653 10,608,740,000 6,777,825,250 5,888,728 1,233 866 920,632,052
1Services 98,500,000 83,725,000 14,775,000
21 Tourism 6,460,900,000 3,061,565,000 1,658,025,000 1,741,310,000 103 3,496 26,625,000
7Services 1,114,840,000 600,804,000 394,711,000 119,325,000 45 12,596,000
210 TOTAL 40,645,025,631 17,852,540,653 13,547,966,000 9,238,630,250 0 5,888,728 1,400 4,362 991,743,052G/SCM/N/25/EEC
Page296MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: WESTERN MACEDONIA
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
85 Secondary 17,360,562,000 6,017,862,600 6,944,419,400 4,398,280,000 573 77,205,031
4Tourism 1,305,000,000 605,690,000 425,410,000 273,900,000 37 747
2Services 235,000,000 91,020,000 94,000,000 49,980,000 4
91 TOTAL 18,900,562,000 6,714,572,600 7,463,829,400 4,722,160,000 0 0 614 747 77,205,031G/SCM/N/25/EEC
Page297MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: EPIRUS
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
8Primary 283,700,000 132,705,000 102,545,000 48,450,000
53 Secondary 6,686,440,000 3,455,565,850 2,167,867,150 1,063,007,000 247 73,907,911
8Tourism 1,841,500,000 936,825,000 472,175,000 432,500,000 58 800
1Services 267,240,000 189,240,000 78,000,000 5
70 TOTAL 9,078,880,000 4,714,335,850 2,820,587,150 1,543,957,000 0 0 310 800 73,907,911G/SCM/N/25/EEC
Page298MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: THESSALY
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
5Primary 566,650,000 187,145,000 225,650,000 153,855,000 29
100 Secondary 32,362,868,000 11,205,917,000 11,085,314,500 10,071,636,500 722 279,246,395
10 Tourism 1,239,985,000 628,889,000 319,196,000 291,900,000 27 570 54,684,800
4Services 679,000,000 308,000,000 225,000,000 146,000,000 33 44
119 TOTAL 34,848,503,000 12,329,951,000 11,855,160,500 10,663,391,500 0 0 811 614 333,931,195G/SCM/N/25/EEC
Page299MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: IONIAN ISLANDS
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
11 Secondary 850,681,000 421,614,000 245,570,000 183,497,000 14
12 Tourism 4,373,100,000 2,415,375,000 1,093,275,000 864,450,000 11 2,962 49,900,000
2Services 873,000,000 392,250,000 293,250,000 187,500,000 71
25 TOTAL 6,096,781,000 3,229,239,000 1,632,095,000 1,235,447,000 0 0 96 2,962 49,900,000G/SCM/N/25/EEC
Page300MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: WESTERN GREECE
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
5Primary 809,000,000 463,700,000 321,150,000 24,150,000 12 31,257,360
157 Secondary 31,713,446,000 12,795,492,600 11,991,917,300 6,926,036,100 1,052 42 857,791,578
7Tourism 1,971,080,000 1,056,830,000 545,750,000 368,500,000 31 1,388 22,455,000
2Services 249,300,000 90,500,000 119,800,000 39,000,000 6
171 TOTAL 34,742,826,000 14,406,522,600 12,978,617,300 7,318,686,100 39,000,000 0 1,101 1,430 911,503,938G/SCM/N/25/EEC
Page301MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: CENTRAL GREECE
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
4Primary 2,184,000,000 742,900,000 748,100,000 693,000,000 95 62,524,700
77 Secondary 21,503,542,500 8,686,872,450 6,253,007,050 6,563,663,000 445 606,613,083
7Tourism 3,574,500,000 1,851,125,000 1,020,875,000 702,500,000 106 475 0
88 TOTAL 27,262,042,500 11,280,897,450 8,021,982,050 7,959,163,000 0 0 646 475 669,137,783G/SCM/N/25/EEC
Page302MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: ATTICA
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
63 Primary 14,692,799,000 6,031,570,600 5,487,344,200 3,173,884,200 564 253,247,512
16 Secondary 7,125,040,000 4,366,428,500 1,784,196,000 974,415,500 23 2,459 77,125,000
30 Tourism 6,440,129,500 3,028,721,900 2,405,584,100 1,002,223,500 3,600,000 250 91,491,000
109 TOTAL 28,257,968,500 13,426,721,000 9,677,124,300 5,150,523,200 3,600,000 0 837 2,459 421,863,512G/SCM/N/25/EEC
Page303MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: ISLANDS OFTHE NORTH AEGEAN
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
5Primary 826,000,000 333,550,000 371,700,000 120,750,000 17 57,375,000
56 Secondary 3,995,816,000 1,737,759,650 1,838,555,800 419,500,550 146 183,970,265
9Tourism 2,810,320,000 1,374,989,850 1,026,380,150 408,950,000 62 1,067 215,596,280
70 TOTAL 7,632,136,000 3,446,299,500 3,236,635,950 949,200,550 0 0 225 1,067 456,941,545G/SCM/N/25/EEC
Page304MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: ISLANDS OFTHE SOUTH AEGEAN
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
16 Secondary 2,324,300,000 798,580,000 1,044,715,000 481,005,000 35 59 40,861,742
6Tourism 1,221,434,000 617,064,000 407,268,000 197,102,000 12 534
22 TOTAL 3,545,734,000 1,415,644,000 1,451,983,000 678,107,000 0 0 47 593 40,861,742G/SCM/N/25/EEC
Page305MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: CRETA
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
1Primary 223,000,000 66,900,000 78,050,000 78,050,000 5
64 Secondary 9,325,493,614 4,711,469,614 2,390,670,000 2,223,354,000 274 108,224,420
18 Tourism 4,204,689,821 2,237,515,000 1,088,125,000 822,860,000 56,189,821 39 3,618 59,729,000
5Services 1,529,100,000 673,840,000 413,150,000 442,110,000 90 7 24,203,000
88 TOTAL 15,282,283,435 7,689,724,614 3,969,995,000 3,566,374,000 0 56,189,821 408 3,625 192,156,420G/SCM/N/25/EEC
Page306MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: BUREAU FOR EASTERN MACEDONIA DEVELOPMENT
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
2Primary 930,000,000 477,780,000 279,000,000 173,220,000 22 11,676,600
28 Secondary 3,230,042,000 1,282,778,800 1,206,225,700 741,037,500 119 46,202,650
3Tourism 292,900,000 181,630,000 87,870,000 23,400,000 6 392 4,670,000
1Services 175,000,000 70,000,000 52,500,000 52,500,000 16
34 TOTAL 4,627,942,000 2,012,188,800 1,625,595,700 990,157,500 0 0 163 392 62,549,250G/SCM/N/25/EEC
Page307MINISTRY OFNATIONAL ECONOMY
DIRECTORATE GENERAL OFPRIVATE INVESTMENT
APPROVED INVESTMENTS OFTHE LAW 1892/90 PERREGION &SECTOR
YEAR 1996
REGION: BUREAU FOR DODECANNESSA ISLANDS DEVELOPMENT
No.of
Invest-
mentsSector Total cost Own Capitals
(Cash &Land)Subsidy Subsidized Loans NonSubsidized
LoansOther
CapitalNew
JobsNumber of
BedsPayments
19 Secondary 2,684,981,000 1,287,289,900 1,185,155,500 212,535,600 71 22,398,314
22 Tourism 7,648,409,500 4,092,859,500 2,086,113,800 1,463,800,000 5,636,200 44 7,047 116,766,000
2Services 3,700,000,000 1,423,600,000 1,480,000,000 796,400,000 40
43 TOTAL 14,033,390,500 6,803,749,400 4,751,269,300 2,472,735,600 5,636,200 0 155 7,047 139,164,314