Forms of aids provided
The following forms of aids shall be provided for the implementation
of the eligible investments, programs and business plans, according
to the provisions of this Law:
(a) A grant consisting in the offer by the Greek State of the amount
necessary to cover part of the aided ex-penditure of the investment
or business plan.
(b) Interest subsidy, consisting in the payment by the Greek State
of a part of the interest paid for me-dium and long term loans,
of a term no less than four years, received for the implementation
of the aided expenditure of the investment.
(c) Leasing subsidy, consisting in the payment by the Greek State
of a part of the paid instalments of the leasing contract, concluded
for the acquisition of the right to use new mechanical and other
(d) Tax allowance up to a certain percentage or the entire value
of the implemented and aided investment expenditure, or the leasing
value of new mechanical and other equipment. Such aid consists in
the exemp-tion from payment of income tax on the undistributed profits
of the first decade from the implementation of the investment or
program, with the creation of a tax-free reserve, equal in amount.
(e) Special incentives, apart from the aforemen-tioned, for particularly
important industrial, mining and tourist investments, in excess
of twenty five (25) bil-lion drachmas, provided for in the provisions
under paragraphs 1, 2, 3 and 4, article 3, and para. 6, article
4 of the repealed Law 4171/1961 "On the implementa-tion of
general measures for the support of the devel-opment of the country's
economy" (Government Ga-zette 93 A'/1961).