í@ ATHENS, Jan. 25(Xinhuanet)-- Greek government on Tuesday approved a new licensing system draft bill in a bid to increase efficiency, reduce bureaucracy and attract more investments.
The new bill envisages a drastic reduction in bureaucracy, cutting necessary paperwork to eight from 20, and the time period to 10-30 days from one-to-two year
s at present, in approving licenses for manufacturing enterprises.
The draft bill, presented by Development Minister Dimitris Sioufas, aims to boost business activity, attract foreign investments, strengthen economic productivity and competitiveness and increase employment.
Sioufas said new legislation was an essential step towards the re-invention of the state and creating trust between the state andcitizens.
Under the new bill, thousands of small enterprises will no longer have to acquire installation and operating licenses by raising the power generator limit to 22 KW from 12 KW at present.
The bill abolishes the need for double health licensing from municipal and prefecture authorities, and reissuing of installation and operating licenses in cases of transfer.
The bill also provides for companies without operating licensesto acquire a legitimate license, raising the validity time of operating licenses in Attica to eight years(from six) and creating development directorates in Prefecture authorities.
The bill on licensing of manufacturing companies is the first step taken by the development ministry towards simplifying procedures, reducing bureaucracy and encouraging investments in the country, the minister said.
Development Deputy Minister Yiannis Papathanasiou announced that the ministry would soon announce similar measures for commerce enterprises and new procedures in founding of societe anonyme firms and limited companies.