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Athens News Agency: News in English, 05-07-04
CONTENTS
[01] Gov't sees private initiative as tool for growth
[01] Gov't sees private initiative as tool for growth
Finance Minister George Alogoskoufis said on Monday that private
initiative was the tool for healthy growth in the economy, which, in
turn, would help to create jobs and solve social problems.
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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