Article 3
Eligible business activities - aided expenditures

Aided expenditures:

(i). The construction, expansion, modernisation of building facilities, special or auxiliary, as well as ex-penditures 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.
(iv). The purchase of new means of transportation for the handling of materials and products within the greater plant area, as well as for the mass transporta-tion of personnel, and the purchase and installation of modern equipment and the construction of facilities for the handling of materials and products.
(v). The purchase of the reproductive and proliferat-ing material necessary for the commencement of the unit's productive operation.
3. The following shall not be eligible for the grants of this law:
a. The purchase of passenger vehicles up to six (6) seats.
b. Subject to the provisions under sub-instance (iv), of instance (p), of para. 1 of this article, the purchase of office furniture and fixtures.
c. The purchase of building plots, sites and parcels of land. Furthermore, in case building facilities are purchased, the segment of their value concerning the value of the plot on which the facilities have been built, may not be aided.
d. The erection or expansion of building facilities on a plot not owned by the investment organisation. By way of exception, the following shall be eligible for aids:
(i). The erection of building facilities on a plot not owned by the investment organisation, provided the use of the plot has been ceded for this purpose for a period of at least fifteen (15) years by the State, the Hellenic National Tourism Organisation, the ETBA In-dustrial Estates, including those operating under the status of a free zone, other Industrial Estates, Indus-trial and Business Estates and Craft Industry Parks, organisations of the O.T.A. or the prefectural local au-thorities, as well as by technology parks so as to erect or expand buildings within the technology parks.
(ii). The implementation of investments in: green-houses, ski centres, production of electricity by re-newable sources of energy, and golf courses, on a plot the use of which has been ceded for this purpose to the investment organisation, for a period of at least twenty (20) years.
(iii). The implementation of coastal aquaculture in-vestments.
e. The complete modernisation of hotel facilities, operating under a class not lower than C, before the lapse of a seven year period since the commence-ment of operation, or since the issue date of the deci-sion on completion of the investment for the hotel's modernisation, which has been made eligible for the provisions of these presents or of Law 1892/1990 and 1262/1982. By way of exception, hotel facilities whose modernisation investment had been approved before 31.8.1994, and that submit an application seeking eli-gibility for the provisions of this investment and/or equipment leasing program for their complete mod-ernisation, before the lapse of seven (7) years from the completion of this approved modernisation, the complete modernisation for which an application is submitted, may receive an aid, provided that it con-cerns sections of the productive unit other than those already modernised. In case the complete modernisa-tion for which an application is submitted, shall include investment projects pertaining to the modernisation of sections of the hotel facilities that had already been modernised within the past seven years and had been eligible for the grant and subsidy incentives through an investment approved before 31.8.1994, the expen-ditures for these projects may receive an aid, provided that the advisability for their implementation shall be considered completely justified, by virtue of an opinion of the competent Advisory Committee.
f. The complete modernisation of camping facilities, at least C class, before the lapse of a seven year pe-riod since the commencement of operation, or since the issue date of the decision on completion of the in-vestment for the facility's modernisation, which has been made eligible for the provisions of this law or of Law 1262/1982. By way of exception, camping facili-ties whose modernisation investment was eligible for the provisions of Law 1262/1982, and that submit an application seeking eligibility for the provisions of this investment and/or equipment leasing program for their complete modernisation, before the lapse of seven (7) years from the completion of this approved moderni-sation, the complete modernisation for which an appli-cation is submitted, may receive an aid, provided that it concerns sections of the camping facilities other than those already modernised, or even the ones al-ready modernised provided that the advisability for the implementation of further modernisation works shall be considered completely justified, by virtue of an opinion of the competent Advisory Committee.
g. The erection, expansion and modernisation of self-catering accommodations, rented rooms and rented furnished apartments, irrespective of class.
h. The contribution to the investment organisation's company capital, of the value of machinery and other fixed assets.
4. The provisions of these presents shall not apply to investments of public undertakings and organisa-tions. This exception shall not concern their subsidiary companies, as well as the companies of the O.T.A. and the prefectural local authorities.
5. The provisions of these presents shall not apply to undertakings operating as joint undertakings or in the form of a company under civil law or a consortium.
6. The provisions of these presents shall only apply to undertakings keeping books under categories B or C of the Code of Taxation Documents.
Foreign undertakings, mentioned in paragraph 2 of this article, should keep books equivalent to the B or C category books of the Greek Code of Taxation Docu-ments, in order for them to be eligible for a grant.
7. By virtue of joint decision of the Ministers of Na-tional Economy and Development, which may not be amended prior to the lapse of a two year period from its issue, business activity categories may be re-moved or added to the annex of these presents, taking account of the conditions prevailing on the domestic and foreign markets, as well as their contribution to ant development policy.
By virtue of the same decision, sub-categories of these activities may also be removed or added.



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