Article 3
Eligible business activities - aided expenditures

Aided expenditures:

(i). The construction, expansion and modernisation of industrial plants, special and auxiliary building fa-cilities, as well as expenditures for the landscaping of the surrounding area.
(ii). The purchase and installation of new modern machinery and other equipment. The payments under the lease of new modern machinery and other equip-ment.
(iii). The purchase and installation of new systems for the process automation and computerisation, in-cluding the expenditure for the purchase of the neces-sary software and for staff training at the installation stage.
(iv). Expenditures for studies concerning the intro-duction, development and implementation of modern technology, know-how, and modern methods.
(v). Expenditures for the establishment, expansion and modernisation of laboratories of applied energy research.
(vi). The purchase of new means of transportation for the handling of materials and products within the greater plant area. The purchase of new means of transportation for the mass transportation of person-nel. The purchase and installation of modern equip-ment and the construction of facilities for the handling of materials and products.
(vii). The construction of new workers' homes, nurs-eries, buildings or installations, as well as the pur-chase and installation of equipment intended for the housing, recreation or catering of the undertaking's employees, as well as staff training rooms, provided that they shall be constructed in the area where the undertaking is located.
(viii). Expenditures for investments concerning the protection of the environment, the restriction of ground, underground, water and air pollution, the res-toration of the natural environment and water recy-cling.
(ix). Expenditures for the construction of the main warm water or steam transportation network to the consumer, with reference to undertakings producing power in the form of warm water or steam.
(x). Expenditures for investments concerning the utilisation of renewable sources of energy, substitution of gas fuels for liquid fuels or electricity, treated refuse from domestic industries, renewable sources of en-ergy, recovery of lost heat, as well as electricity and heat co-production. Furthermore, expenditures for in-vestments concerning energy saving, provided that the investment shall not pertain to manufacturing equipment but rather to driving/operating equipment and installations of the plant, and that a decrease of at least 10% in energy consumption shall result from such investment.
c. Undertakings (laboratories) of applied industrial, energy, mining, agricultural, livestock, forestry and fish farming research. Furthermore, technology devel-oping and industrial design undertakings.

Aided expenditures:

(i). The construction, expansion and modernisation of building facilities, special and auxiliary, as well as expenditures for the landscaping of the surrounding area.
(ii). The purchase of areas for their housing, in stan-dardised craft industry buildings located in Industrial Estates, Industrial and Business Estates, Craft Indus-try Parks, technopolises, or technology parks.
(iii). The purchase and installation of new modern machinery and other equipment. The payments under the lease of new modern machinery and other equip-ment.
(iv). The purchase and installation of new systems for the process automation and computerisation, in-cluding the expenditure for the purchase of the neces-sary software and for staff training at the installation stage.
(v). Expenditures for studies concerning the intro-duction, development and implementation of modern technology, know-how, and modern methods.
(vi). The purchase of equipment and the construc-tion of facilities for handling of materials.
d. Undertakings providing of state-of-the-art techno-logical services, on condition that these undertakings belong to the sectors of information technology, tour-ism, research, as well as technological support of craft industry and industrial activities.

<<back



   Investment Law

 

 

 

 

 

 

 


   <<other articles