The enterprise ITeQ S.A. based in Attica region, has joined the Action “Upgrading micro & small businesses to develop their skills in new markets” with a total budget of 310 million €. The Action aims at the upgrading of the competitive position of very small and small enterprises.

The investment’s total budget is 155.399,69 € out of which 77.517,50 € is public expenditure. The Action is co-financed by Greece and the European Union – European Regional Development Fund.

The approved subsidised Business Plan includes investments in the following categories:

  • Buildings, other facilities and surrounding area
  • Machinery – Equipment
  • Intangible expenses
  • Wage costs for personnel (current and /or new employees)

Through the participation in the Action,  the enterprise achieved:

  •    Competitiveness improvement
  •    Increase of profitability 
  •    Reinforcing an extrovert business profile
  •    Market expenditure by adopting new products and services
  •    Creating better quality products and services 
  •    Increasing productivity and improvement of operational procedures
  •    Reinforcing entrepreneurship
  •    Creating / maintaining job positions

The support of EPAnEK proved beneficial, not only for the enterprise but for the competitiveness of the national as well as the local economy.