Athens News Agency: News in English, 05-07-04

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Gov't sees private initiative as tool for growth

[01] Gov't sees private initiative as tool for growth

The government's model for growth centred on business activity, an outward-looking approach and competitiveness, the minister told an awards ceremony of the Athens Chamber of Industry and Commerce.

Aiding conditions for growth were laws aimed at spurring investment and joint ventures between the private and public sectors, and improving the tax system, he said.

"The new investment law has gained acceptance from enterprises as it is simple, intelligible and functional, and it lays great emphasis on investment plans that made use of the economy's relative advantages and the new technology," Alogoskoufis noted.

By July 1, his ministry had received 229 investment plans totalling 518.8 million euros of which 60 had so far been approved worth 109.2 million euros.

Also involved were speeding up work under the European Union's Third Community Support Framework package of funds and the national growth plan for 2007-2013, the minister added.

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