![The 3 pillars for the growth of Aquaculture](https://www.ot.gr/wp-content/uploads/2022/04/aquaculture.jpg)
The need for sustainable investment plans for the further development of the aquaculture sector was stressed by the Minister of Finance Christos Staikouras during his speech at the 2022 Aquaculture Conference.
He referred to the three pillars for the growth of fish farming – aquaculture, noting that “we seek to strengthen and encourage entrepreneurship, which can contribute significantly to accelerating the development of the country. In this context, aquaculture – as a highly extroverted sector – can play an important role, while the growth potential of the industry itself is significant.”
He stressed, however, that in order for the further development of the aquaculture sector to take place, sustainable investment projects are needed, which will be able to access the financing. Funding, which can be secured through:
Recovery Fund
Within the framework of the National Plan for Recovery and Sustainability, the implementation of an action of the Ministry of Rural Development and Food for investments in the field of aquaculture is expected to begin in the coming months.
Banks
The Minister said that: “As a Government, we have actively supported the country’s credit institutions, through the reduction of “red” loans (NPL), the increase of deposits and the reduction of their borrowing costs”, adding that “They should proceed to even more brave credit expansion.”
NSRF
As Mr. Staikouras noted, about 455 million euros can be allocated through the new European Maritime, Fisheries and Aquaculture Fund (EMFAF), which strongly supports young fishermen and promotes sustainable aquaculture. “The situation is extremely difficult and the challenges are great. The Government remains close to households and businesses, providing them with significant support and appropriate tools to successfully overcome this ordeal. For their part, companies are called upon to shield themselves from the effects of multiple crises and temporary shocks on the global supply chain, but also to modernize themselves in order to remain competitive. “I am convinced that with hard work, unity and confidence in our strength we will succeed.”
The Minister of Finance also stressed that “aquaculture contributes to food adequacy and the reduction of dependence on imports, a critical and topical issue – a consequence of the war in Ukraine. At the same time, it creates jobs and income in remote island areas, while it has a low ecological footprint, contributing to the green transition.”
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
![OECD: Job Vacancies on the Rise in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ergasiabusinness-768x556-1-1-600x434.jpeg)
OECD: Job Vacancies on the Rise in Greece
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019
![OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece](https://www.ot.gr/wp-content/uploads/2024/05/ΟΤΕ-Group_1-600x450.jpg)
OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece
This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country