The platform is immediately put in place to strengthen the businesses event catering, beverage service, event organization, cultural and educational, fitness facilities and other entertainment and recreational activities that had a 2019/2020 turnover decrease of more than -50% due to pandemic. This is what the Minister of Development and Investment said in a post on twitter.
Specifically, as the minister wrote: «A short while ago the European Commission approved our request for the programmes of the Economic Aid of 8% of the 2019 turnover of the sectors that had a reduction in turnover 2019/2020 of more than -50% due to pandemic. Immediately the platform is being implemented to support these enterprises.‘.
Attached to the minister's post is the relevant press release issued yesterday by the European Commission delegation in Greece and states in detail the following:
«The European Commission has approved a €100 million Greek scheme to support businesses affected by the coronavirus pandemic. The scheme was approved under the temporary framework for state aid. Under the scheme, the support will be given in the form of direct grants.
The measure is addressed to all companies that started their activities before 31 December 2021 and are active in one of the following sectors that have been severely affected by the emergency measures taken to limit the spread of the virus: catering, beverage service, event organisation, culture and education, fitness facilities and other leisure and recreational activities. The purpose of the scheme is to meet the liquidity needs of these businesses and to help them to continue their activities during and after the pandemic.
To be eligible, businesses must: either (i) have suffered a decrease in turnover of at least 50% in 2020 compared to 2020, or (ii) have had no income in 2019, or (iii) have started operations in 2020 or 2021. The direct grant will not exceed 8% of the company's revenue in 2019. For companies that had no income or no activity in 2019, the direct grant will not exceed 8% of the company's income in an alternative year. In any case, the aid will not exceed a maximum of EUR 400,000 per undertaking. The aid must be used to cover short-term costs incurred in the period between 1 January 2022 and 30 September 2022 and the maximum amount of aid is 70 % of such costs.
The Commission found that the Greek measure complies with the conditions laid down in the Temporary Framework. In particular, the support: (i) will not exceed EUR 2,3 million per undertaking; and (ii) will be granted before 30 June 2022. The Commission concluded that the Greek measure is necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State in accordance with Article 107(3)(b) TFEU. On this basis, the Commission approved the measures under the EU State aid rules...».
A little while ago the @EU_Commission approved our request for the programs of Financial Assistance of 8% of 2019 turnover of the sectors that had a reduction in 2019/2020 turnover of more than -50% due to pandemic. The platform is immediately implemented to support these businesses. pic.twitter.com/8zN2LyLLQI
- Adonis Georgiadis (@AdonisGeorgiadis) March 5, 2022
