Greece plans to use part of new community funds in order to support green sectors of production which have been either downgraded or remain in hypnosis, Economy Deputy Minister Alexis Haritsis said in an interview to Greenagenda.gr.

Mr. Haritsis said that Greece has “neglected the dimension of environmental and social sustainability of development interventions although there were and still are serious needs and several possibilities”

Therefore, in this framework, the management of new EU funds will signal the turn to sectors such as waste management, energy, tourist services, agricultural-food complex and living quality in cities.

At the same time, Greece “redesigns existing funding tools and extends their operation until September, while new tools are planned to support business activity which will not be operated by systemic banks, but by new agencies such as a new Development Bank”, the minister added.

As Mr. Haritsis said the government’s actions for 2016 worth around 500 million euros and aim to boost green business.