New development program for the defense industry in Greece
The Greek government announced on Friday the launch of a new program under the Development Law, which focuses on the defense industry sector. This initiative is part of a broader strategy designed by the Minister of Development, Takis Theodorikakos, aimed at strengthening domestic production.
The goal of the program is to attract investment and support Greek companies operating in defense and technology. Through this plan, the government seeks to modernize infrastructure and boost innovation in the sector, while simultaneously creating new high-skilled jobs.
The Ministry of Development's strategy places particular emphasis on the country's autonomy in critical sectors. By utilizing the incentives of the Development Law, companies will have the opportunity to develop new products and collaborate with international entities, thereby strengthening Greece's position in the global defense market.
The government emphasizes that strengthening the defense industry is essential for national security and economic growth. Further details regarding the participation criteria for businesses and the procedure for submitting investment plans are expected to be announced in the coming period.