Two new basic programs for developing business initiatives have started – financing firms with either young or female owners. Firms working in processing materials or in the field of recycling and keeping the environment clean will receive up to ?200 000. Tourist firms can apply for amount up to ?100 000 and trading associations - up to ?80 000.

The ones interested will be able to send their projects in the following two months, said Development Minister Kostas Hadzidakis. He added that the offers, which will be approved are the projects between ?30 000 and ?200 000. The minister also said that another competition will be announced for projects about modernizing processing companies until the end of March.