The third (3rd) amendment to the Act has been published: Aid in the form of a repayable advance to undertakings economically affected by the emergence and spread of the coronavirus COVID-19 - Round 1. The Act belongs to the Operational Program Competitiveness, Entrepreneurship and Innovation (EPAnEK). The beneficiary of the Operation is the General Directorate of Financial Services of the Ministry of Finance (DGOU).

In the Decision a total public expenditure of EUR 341 600 000,00, relating to the financing of the aid already received in the form of a repayable advance of 38 270 small and medium-sized enterprises (SMEs), irrespective of their sector, affected by the pandemic COVID-19 under the aid scheme EK 1407 De Minimis, an amendment to the timetable was made by extension of the expiry date of the operation by 18 months. The expiry date of the operation Postponed from 31/12/2021 to 30/06/2023.

In the Decision of a total public expenditure of 188,400,000.00, regarding the financing of the aid, which 14,047 small and medium-sized enterprises (SMEs) regardless of sector, affected by the COVID-19 pandemic have already received in the form of a refundable advance payment under the "Temporary Framework" aid regime C(2020) 1863/19-03-2020", the timetable was also amended with extension of the expiry date of the operation by 18 months. The expiry date of the operation is postponed from 31/12/2021 to 30/06/2023.

The expenditure for the Operation "Aid in the form of a repayable advance" is co-financed by the European Regional Development Fund (ERDF) and national resources.

The Action includes aid in the form of a refundable advance payment for private businesses, regardless of sector, that have been financially affected by the emergence and spread of the coronavirus disease COVID-19. The repayable advance is the aid granted to enterprises and is reimbursed, in whole or in part, under specific terms and conditions.

The aid in the form of a repayable advance shall be non-deductible, tax-free and shall not be set off against any debt.

Budget for repayable advance aid

900 cm. euros joined EPANEK (Repayable Advance A' & B' Cycle). The final amount of eligible aid granted for cycle A & B amounted to 873.78 cm. euros.

Beneficiaries of the Action

a) private enterprises of any legal form. Individual companies, regardless of sector, which employed one (1) to five hundred (500) employees on March 31, 2020 are also included

b) private enterprises in the form of sole proprietorships, limited partnerships, limited liability companies and private capital companies (IKE), regardless of sector. Condition that they did not employ workers on March 31, 2020.