Greece looks to develop island entrepreneurship

of a joint action of the Ministry of Maritime and Island Policy and the Hellenic Development Bank SA, with the aim of creating financial instruments to support the island’s entrepreneurship and related sectors of the maritime economy. During the meeting, Plakiotakis, the Minister of Maritime and Marine Policy, elaborated the framework of the Ministry’s Integrated Maritime Policy, Blue Economy and Insularity Strategy and emphasized the need to take into account the particular characteristics of the productive system consultation with the Island Chambers and other productive bodies. Aegean Secretary General and Island Policy Christiana Kalogirou – who participated in the meeting – emphasized the need to create a targeted financial instrument for Island Entrepreneurship that will respond to the needs of the island entrepreneur and provide the kind of support that is truly useful to operation and development of small and medium-sized enterprises in the islands. Both the President and Managing Director and the Vice President of the Hellenic Development Bank have agreed to be actively involved in the development of a specific investment / finance fund focused on island-related entrepreneurship and the Maritime Economy in general, such as bail, working capital, employment finance, employer subsidy, etc. Source: Greek Ministry of Shipping and Island Policy