ECONOMY

Development law heading to Parliament

Economy, Competitiveness and Merchant Marine Minister Louka Katseli is seen at the Foreign Press Association yesterday, between Vassillis Triantafyllou (left), the FPA’s president, and his deputy Philip Pangalos (right). The minister said that a new development law will be submitted to Parliament this month and is expected to be voted in by lawmakers by the time the Thessaloniki International Fair is held in early September. The new law will focus on a ‘fresh development strategy to support competitiveness, assist in the technological restructuring of productive processes, help regional development and create employment, with an emphasis on exports and a green development model,’ she said. Regarding the 2007-2013 National Strategic Reference Framework (ESPA), Katseli said she expects the absorption rate to rise to 15 percent this year from 8.4 percent now.