Lightening the load of firms

As enterprises in Greece continue to close at a growing rate as a result of the crisis, the Development Ministry moved on Wednesday ahead with the signing of a legislative act that reduces the minimum capital required for start-ups by 47-60 percent, depending on the form of business.

By the same legislative act, which has the validity of a law, the ministry relieved enterprises of having to become members of their local chamber of commerce, meaning they no longer have to pay fees to third parties.

The latter is a measure that will apply from January 2015.

Both interventions constitute the implementation of obligations the government undertook when it signed its latest bailout agreement with the country’s international creditors.

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