Rules need to stand for investments
A draft law that sets out ways to speed up the approval process for large investments is right on the mark. It is correct that the necessary permits should be issued within just three months. A more streamlined system for the adjudication of objections and applications for annullment is also a step in the right direction. Most of the points made in the draft law need to be enacted if the country wants to attract potential investors but, the question is: Why should these measures only pertain to investments of over 70 million euros? The government should gradually make this streamlined system into a policy that includes every investment, whether new or old and irrespective of its size or the amount of employment it will generate. The most important thing for the future of the country’s economy as well as for its growth is that the rules be followed and that they apply across the board, because what has been frightening investors away from Greece for a number of years is a taxation system that is constantly being changed and an unreliable legal framework.
