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Greece Launches New Industry Org, Overhauls Rebate Scheme to Make Booming Mediterranean Biz More Sustainable
The moves will help Greece cope with a production surge that's put a strain on its 40% cash rebate, which has suspended new applications until fall.
They’ll also look to reassure foreign producers and investors that the country’s wildly successful cash-back program remains on track, after the Greek government announced last week it was pressing pause on new rebate applications until the fall. EKOME president and CEO Leonidas Christopoulos acknowledged that the production surge has put a strain on the Greek industry, arguing that the changes will make it more efficient and competitive moving forward. Local producers are also concerned about the proposal for a tax on Greek broadcasters and streamers based in the country that will exclude global streaming platforms, which critics argue will give those companies an unfair advantage over domestic rivals.
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