The payment of the 400-euro benefits to the long-term unemployed began today, as part of the emergency financial aid measures due to the coronavirus.

More specifically, as announced by the government spokesman St. Petsas, the schedule for the payment of benefits to professionals, businesses and the unemployed is as follows:

OAED allowances

As early as this Monday, the payment of the EUR 400 allowance to the long-term unemployed began. By Friday afternoon, 73,000 long-term unemployed had registered on the platform, more than 43% of the beneficiaries. The special OAED platform for the long-term unemployed will remain open until May 3rd

It is reminded that the automatic payment of 400 euros to the bank accounts of the beneficiaries will be made, after the confirmation or registration of the bank account details (IBAN) of the beneficiaries, which will be completed on May 3. As already announced by the OAED, the beneficiaries of the extraordinary financial assistance of 400 euros are estimated at 168,000 long-term unemployed. The beneficiaries are the registered unemployed who have acquired the status of long-term unemployed. That is, they exceeded 12 months of continuous registered unemployment, during the period from April 1, 2019 to April 16, 2020, remain unemployed until April 16, 2020 (date of publication of the JMD) and did not receive the long-term unemployment benefit.

Specifically, according to the OAED:

• The approximately 90,000 beneficiaries who have bank account details (IBAN) registered with the OAED from previous transactions (such as subsidies, benefits, aids, participation in community service programs, etc.), will be able to either confirm the IBAN or register a new IBAN, until Sunday, May 3rd. If they do not take any action, the 400 euros will be paid, after May 3, to the IBAN already registered with the OAED.
• The approximately 78,000 beneficiaries who do not have bank account details (IBAN) registered with the OAED, will have to register their details by Sunday, May 3. If they do not take any action, the EUR 400 cannot be paid.

myBusinessSupport Benefits - AADE

• Tomorrow, Tuesday, more than 105 000 workers in businesses that have either closed down or have been affected will be paid the special purpose allowance of EUR 800, with the total allocation amounting to EUR 84 million. 686.000 workers have already been paid.
• The granting of special purpose compensation to self-employed persons, self-employed persons and businesses that do not employ workers or employ up to twenty employees is extended, compared to five until now.
• The applications for the special purpose allowance amounting to approximately EUR 500 million have been rejected. 600,000 freelancers, self-employed and privately owned businesses conclude on Tuesday, April 28.
• At the same time, by Thursday, April 30, the 600 euros will have been paid to the beneficiary scientists.
• Within the next week and until 8 May, the repayable advance of EUR 1 billion will also be paid to businesses.

The process of sending payment orders will be completed by Thursday, April 30, and the beneficiaries will see the money in their bank account no later than Monday, May 4, depending on the operation of the bank payment systems (it is reminded that Friday, May 1 is a bank holiday).

Loans

• From the beginning of May, affected businesses will be able to receive loans of up to 25% of their turnover from state-guaranteed banks
• The Hellenic Development Bank is launching a new lending product with full interest rate subsidy, starting today, Tuesday 28 April 2020. It is noted that the interest rate of these loans is 100% subsidized for the first two years from the resources of the fund. TEPIX II Entrepreneurship Fund. The Main Criterio for Resseiving the Interest Souvsidia th the preservation of jobs during these two years.

Other Allowances

• Exceptional financial support is paid to 63,900 households that already receive the Guaranteed Minimum Income and have at least one underage member. An additional €100 will be paid for the first child and €50 for each subsequent child, up to a maximum of €300 in total for each beneficiary.
• The period for the sale of heating oil at a reduced rate is extended until 15 May, so that citizens can take advantage of today's low prices.
• The special purpose leave to which working parents are entitled is extended until May 10.