Funding the new economic model
The government is expected to announce budget actions of 3.3 billion euros aimed at the productive transformation of the economic model on Monday afternoon. This is expected to increase by at least €5 billion via leveraging.
Through the financing, as well as through a series of other incentives related to the acceleration of licensing and taxation, the government expects to strengthen industrial investments, productive investments of high added value, and not for temporary profits, which will have a stable and lasting contribution to GDP and employment. The aim of the measures is also to further strengthen the country’s local economies, with the government placing particular emphasis on the border regions.
According to information, the government measures will include the establishment of a “major investment” regime in development law. All investments that will be made in border areas will be characterized as strategic, while “Flagship Investments of Exceptional Importance,” a project that is part of the Recovery and Resilience Fund and concerns investments to improve the resilience of the economy’s main sectors, also aiming to attract large foreign investments, will remain open after the end of the RRF period.
