Law no. 4887 of 2022. Development Law - Greece Strong Development. Country/Territory Greece Document type Legislation Date 2022 Source FAO, FAOLEX Original source Government Gazette no. 16/A of 2022. Subject Agricultural & rural development, Environment gen., Fisheries, Waste & hazardous substances Keyword Cooperative/producer organization Agricultural commodities Agricultural development Crops/grasses Rural employment Tourism Basic legislation Business/industry/corporations Hazards Emissions Energy conservation/energy production EIA Environmental standards Financing Institution Less favoured areas Mountain area Offences/penalties Protection of environment Renewable energy Research Royalties/fees Sustainable development Tax/levy Standards Aquaculture Fishery management and conservation Waste management Waste prevention Recycling/reuse Geographical area Europe, Europe and Central Asia, European Union Countries, Mediterranean, Southern Europe Abstract This Law, consisting of 156 articles, provides for the promotion of the economic development of the Country by granting incentives to specific activities and sectors, in order to achieve the digital and technological transformation of businesses and the improvement of competitiveness, the green transition and the environmental improvement, the creation of economies of scale, the support of innovative investments and of tourism, the creation of employment, the strengthening of less favoured regions of the country. The First Part of the Law concerns investment plans; eligible costs of the investment projects and regional and non-regional aids on green transition environmental upgrading of businesses; ineligible expenses; types of aid, including: tax exemption, grant to cover part of the subsidised costs of the investment project, leasing subsidy, subsidising the cost of the employment created, business risk financing; beneficiaries of the aid granted, including social cooperatives, agricultural cooperatives, agricultural corporate partnerships; conditions for regional aids; evaluation of the investment projects on the basis of specific indicators including environmental sustainability; control and implementation of investment plans; obligations and penalties. Full text Greek Website www.et.gr