Govt' sees new funding tools for enterprises, Economy minister says‏

Gazzetta team 15 Οκτωβρίου 2015 - 13:48

Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης.

Developing new funding tools, beyond the classic bank borrowing, to fit the needs of enterprises, is one of the basic of the government, Economy, Development and Tourism Minister George Stathakis said on Thursday, addressing the Pan-European Conference of the European Federation of Managing Consultancies Associations (FEACO), organized by the Hellenic Association of Management Consulting Firms (SESMA).

The Greek minister noted that the country was currently at a turning point and the government was drafting an economic stability program, setting the terms and preconditions for a sustainable and solid economy on a long-term level "and if the right changes and institutional reforms were to be made we will leave behind us the deep wounds from the crisis of the previous five years".

The crucial points of the economy are: implementing all agreed measures and completing the first assessment in November, recapitalization of banks -an issue combined with a sustainable and fair management of non-performing loans- a debt restructuring after 2022 and combined changes focusing on economic recovery conditions and a wave of reforms in civil administration to achieve a state able to protect the weaker social groups, Stathakis said.

He noted that in the framework of civil administration reform the government was continuing a process of simplifying licensing of enterprises and a smooth operation of markets. He also mentioned the importance of changing the tax system and the significance of employment on a new development model based on exploiting the scientific resources of the country.

"We need to turn on export activity with tension, to boost innovation and to make a big turn in funding issues. A new EU-funded program is designed and focusing on young entrepreunership , innovative and small- and medium-sized enterprises to absorb 1/3 of the funds," Stathakis said.

Hellenic Federation of Enterprises' head Theodore Fessas, in his address, underling that growth can only come from the private sector. "All others are assistant levers," Fessas said adding that enterprises have paid excessively the political cycle in the country.