Signed today, Friday, April 10, by Deputy Minister for Development and Investment, Mr. Yiannis Tsakiris, the Ministerial Decision on the interest subsidy on existing updated loans of small and medium-sized enterprises affected by the coronavirus crisis for the months of April, May and June. It also provides for the possibility of extending the period for a further two months if necessary.

M.D. for interest subsidy on existing informed SME loans affected

Ο συνολικός προϋπολογισμός του μέτρου στήριξης των δανειακών υποχρεώσεων των υφιστάμενων επιχειρήσεων θα ανέλθει σε 1,2 δις ευρώ, with an initial amount of 750 cm. euro. It concerns interest on fixed-term loans, bond loans and credit agreements (open interdependent accounts), including securitised loans and credits (article 10 of Law 3156/2003) with a financial institution managing a participating financial institution and which were up to date on 31/12/2019.

Την ερχόμενη εβδομάδα, αναμένεται να ξεκινήσει η διαδικασία υποβολής των αιτήσεων των ενδιαφερόμενων επιχειρήσεων προς τις τράπεζες μέσω του ΠΣΚΕ. Διευκρινίζεται ότι η δράση αφορά:

• interest subsidy on existing updated loans on 31/12/2019
• for small and medium-sized enterprises that have an active NACE from those announced by the Ministry of Finance in the list of affected and
• provided that at least the same number of employees are maintained on 19/3/2020 and 31/12/2020

The Minister of Development and Investment, Adonis Georgiadis said: "With the payment of interest (interest subsidy) on informed business loans, the Government and the Ministry of Development and Investments are spreading an essential umbrella of protection over all healthy Greek businesses so that they can withstand the ravages of the coronavirus and be ready to operate again the day after the crisis with all jobs secured. I especially thank my colleagues for the speed and the European Commission for the quick approval."

For his part, The Deputy Minister of Development and Investment, Mr. Yiannis Tsakiris stated: "This support for small and medium-sized enterprises, from NSRF resources, is direct working capital, which, together with the other measures planned and implemented by the Ministry of Development and Investments They aim not only to keep them alive, but also to prepare them for the day after the crisis by enabling them to have a dynamic restart."