Merchant Marine Minister Stavros Soumakis recently unveiled a package of measures to protect investors and to ensure the modernization of domestic coastal
He said that ministry officials were ready to begin examining investor protection measures based on new ship orders by Greek coastal shipping companies. The measures would include binding terms for coastal shipping companies to begin operating a coastal line within an agreed timetable, the raising fees on application approvals from 20 to 300 or even 500 million drachmas, and stricter rules on granting operating licenses.
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Merchant Marine Minister Stavros Soumakis recently unveiled a package of measures to protect investors and to ensure the modernization of domestic coastal
He said that ministry officials were ready to begin examining investor protection measures based on new ship orders by Greek coastal shipping companies. The measures would include binding terms for coastal shipping companies to begin operating a coastal line within an agreed timetable, the raising fees on application approvals from 20 to 300 or even 500 million drachmas, and stricter rules on granting operating licenses.
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