The report of the Pissarides committee proposes:

Upgrading the Athens Stock Exchange to reduce the cost of raising equity capital from businesses. Establishment of tax incentives for listing on the Athens Stock Exchange and removal of existing disincentives.

UNDER IMPLEMENTATION

Evaluation

In the draft for Proposals for the Development Strategy of the Greek Capital Market, the informal Committee of Experts has proposed, among other things, the following:
Providing incentives to large SAs, active in sectors in which the country has a comparative advantage and are of critical importance for development, to raise capital through listing their shares on the A.X.
Providing incentives to increase the dispersion of company shares, both during their initial listing on the AXA, as well as for those already listed (Note: ENEISET disagreed) o Abolition/reduction of capital accumulation tax. Simplifying and automating the public offering and listing process to reduce companies' preparation time and costs. Legislation of a corporate governance framework for non-listed companies as well, appropriately adapted based on their size, activity & function and providing tax incentives to those non-listed companies that adopt this framework. Utilization of the stock market for the privatization of Greek State companies.

Therefore, the proposal is assessed as being implemented.

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