One of the initially selected areas for relocation, was in the region where today Schisto Business Park is established. In a short time the relevant feasibility study was completed, but in 1988 after the opposition of region’s mayors, the implementation actions were temporarily suspended.
At the end of the 1990s, due to ETBA ( National Bank for the Industrial Development) initiative, the Industrial Park of Schisto was built in smaller space than the initial one. In the beginning of the new millennium, after the completion of the urban planning and the basic infrastructure works (excluding electricity and communications infrastructure), the sale of plots and sites started for the entrepreneurs interested to establish their businesses.
By the Ministerial Decision of 4441/342/2013 (Government Gazette 143/A), the Schisto Industrial Park (VIPA) has been subjected to the provisions of Law 3982/2011, as a (B) Type Business Park and its Rules of Procedure have been approved.