Not a single fast-track project is fully up and running yet

Nearly seven years since the first law was introduced on the fast-track process for investments by then state minister Haris Pamboukis, only a handful of the projects that entered the scheme have been completed, and not one has started operating.

In most cases the implementation of the investments has been delayed, not due to the non-application of the law but because of the inability to fund them. The approvals were granted relatively quickly, but finding the necessary funds in a period of crisis has turned out to be neither easy nor quick.

There even are some cases where, although the investment was included in the fast-track process, the investors did not pay the administrative fees to the competent authority, originally Invest in Greece and now Enterprise Greece. This is why three investments in the energy sector have lost their strategic classification since 2014.<...

Continue reading on: