Strengthening real economy, attracting investments, accelerating growth process

The acceleration of growth process, the strengthening of the real economy and the attraction of investments were the topics discussed by the Governmental Economic Policy Council, which met on Tuesday under Deputy Prime Minister Yiannis Dragasakis, and reached a series decisions towards this direction.

In particular, according to the relevant announcement by the vice-presidency of the government:

1. The Council decided to set up an inter-ministerial working group with the participation of the Ministries of Shipping & Island Policy, Economy & Development, Social Security & Social Solidarity and Finance, which will deliver a comprehensive action plan aiming at:

-the attraction of merchant ships to the Greek flag and shipping activities, -the increase in Greek crews,

– the development of the shipbuilding zone and

-The conversion of Piraeus into an international maritime center.

The Minister of Shipping and Island Policy, Panayiotis Kourouplis, said that it is a strategic priority of the government to strengthen maritime shipping and to support maritime training as the sector is a key pillar of the country’s productive reconstruction effort. In this context, the government seeks to ensure a coherent and stable framework that will maintain and increase maritime and offshore activity in Greece with a positive impact on employment, tax revenues and shipping. To this end, the relevant ministry contributes substantially to the technical and political consultation of the EU Competition Commission in order to clarify the landscape in relation to the outstanding complaints in connection with the domestic shipping support regime.” At the same time, the government intends to strengthen Naval Education with the aim of attracting young people to naval professions and covering a significant share of future global demand by Greek rulers, engineers and technicians. In this context, the committee responsible is already working on actions involving ongoing reform and upgrading of existing curricula, the addition of new skills and the integration of new technologies.

2. The Council adopted the Action Plan for the promotion of the cyclical economy, following a suggestion by the Deputy Minister of Energy and Environment, Socrates Famelos. It was also decided to submit to the Council shortly, for approval, a detailed proposal setting out specific quantitative targets to be achieved, recording the appropriate policy tools to meet these objectives (eg “green” public procurement, tax incentives, etc.) And will describe the role that all the relevant actors (state, local government, businesses, civil society, etc.) have to play.

In addition, in order to accelerate the actions of the cyclical economy and overcome the blockages due to the cross-sectoral nature of many actions, it was decided to set up an inter-ministerial co-ordination group.

3. The Ministry of Economy and Finance decided that the Ministry of Economy and Development should submit for approval a proposal setting out specific objectives and describing the way in which the central aim of the agri-food and manufacturing industry and tourism is to be pursued within the framework of the Development Plan to restart the Greek economy.

4. The Council approved the proposal of the Minister of Energy & Environment, Giorgos Stathakis, to amend the building conditions for building blocks located in the area around the archaeological site of the Plato Academy.