{"id":6516,"date":"2022-10-26T09:00:20","date_gmt":"2022-10-26T09:00:20","guid":{"rendered":"https:\/\/dev-espa.summerize.io\/recovery-fund-at-0-35-the-minimum-interest-rate-for-loans-to-small-businesses\/"},"modified":"2023-08-30T04:25:46","modified_gmt":"2023-08-30T04:25:46","slug":"recovery-fund-at-0-35-the-minimum-interest-rate-for-loans-to-small-businesses","status":"publish","type":"post","link":"https:\/\/espa.io\/en\/recovery-fund-at-0-35-the-minimum-interest-rate-for-loans-to-small-businesses\/","title":{"rendered":"Recovery Fund: At 0.35% the minimum interest rate for loans to small businesses"},"content":{"rendered":"\n
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Stable at 0.35% remains the minimum interest rate on loans from the Recovery and Resilience Fund<\/a><\/strong> from banking institutions to small<\/a><\/strong> and very<\/strong> micro<\/strong><\/a> enterprises.<\/strong>For the rest, it is increasing and is now also<\/strong> at a constant<\/strong> 1%<\/strong>.<\/p>\n\n

The above are provided<\/strong> for in a Joint Decision<\/strong> of the Minister of Finance and the Deputy Minister of Finance, Mr. Christos Staikouras and Mr. Theodoros Skylakakis. The decision was signed,<\/strong> entered into force<\/strong> and published in the Government Gazette (Government Gazette B ‘ 5473 \/ 24-10-2022).<\/p>\n\n

In the context of the new JMD, it is noted that The above interest rates apply<\/strong> for those loan agreements concluded between the banking institutions and the beneficiaries with the resources of the Recovery and Resilience Fund from the entry into force of the decision until the entry into force of any decision amending it<\/strong>, which will revise the minimum interest rate.<\/p>\n\n

In addition, it is clarified that:<\/strong><\/h5>\n\n

The increase in the fixed interest rate from 0,35% to 1%<\/strong> for medium-sized<\/strong> and large enterprises<\/strong> shall not apply<\/strong> to those which have already concluded, no later than 1 calendar day before the publication of this Decision<\/strong>, a contract with an independent evaluator<\/strong> to review their investment project.<\/p>\n\n

It is reminded that, for the time being, the following credit institutions participate<\/strong> in the lending part of the National Recovery and Resilience Plan “Greece 2.0”:<\/p>\n\n