A development ministry-sponsored bill will expand the field of the fast track investment law to facilitate the creation of private enterprises with share capital of just 1 euro.

Development, Competitiveness & Shipping Minister Mihalis Chryssohoidis on Monday outlined the main clauses of the “Business-friendly Greece” draft law to be tabled in parliament soon.

The ministry-sponsored bill will include 12 specific actions aimed at facilitating the establishment and operation of businesses while lifting obstacles to entrepreneurship.

Chryssohoidis underlined that there will be no investment interest in Greece unless the debt problem is faced and the October 26 decisions are implemented.

As regards the promotion of strategic investments, he said that three files with a budget of 1.2 billion euros have already been approved, while another 20 files including investments in the sectors of energy, tourism and gold mines, will soon be forwarded to the ministerial committee for strategic investments.