The enterprise YIK ECOVATION ΙΚΕ, based in the CENTRAL MAKEDONIA region, has joined the initiative “Supporting the Establishment and Operation of New SMEs in the Tourism Sector” with a total budget of €689 million (€500.6 million from EPAnEK and €188.4 million from Regional Operational Programs). This initiative aims to bolster tourism entrepreneurship by establishing new very small, small, and medium-sized enterprises within the sector.

The total budget for the investment is €274,873.67, with €137,436.83 being public expenditure, co-financed by Greece and the European Union’s European Regional Development Fund.

The approved subsidised Business Plan includes expenditures on the following categories:

• Buildings, other facilities, and surrounding areas
• Machinery, installations, and environmental protection equipment, including energy and water-saving devices
• Promotion – Participation in exhibitions
• Technical engineering studies and tax and legal advisory services
• Preparation and monitoring of the implementation of the Investment Plan

Through the participation in the Action, the enterprise achieved:

• Enhanced competitiveness
• Increased profitability
• A more extrovert business profile
• Market expansion with new products and services
• Improved quality of products and services
• Increased productivity and better operational procedures
• Strengthened entrepreneurship
• Creation and maintenance of quality job positions