Available installments increased in the repayable payments scheme
Available installments increased in the repayable payments scheme
  Economy  |  Greece

Available installments increased in the repayable payments scheme

The Ministry announced new measures
RE+D magazine
18.03.2022

The Ministry of Finance announced the extension of the repayment period of the repayable payments to the 96 monthly installments from the 60 previously provided, while the possibility of a 15% discount on the total debt in case of a one-time repayment is transferred from March to May.

It is noted that the aid given in the form of a repayable advance has already been "cut" by up to 75% in some cases as:

Old companies (start of operations before January 1, 2019) return 25% of the aid, if the reduction in revenue in 2020 exceeds 70% compared to revenue in 2019 and the company shows losses before taxes in 2020.

33.3% of the aid, provided that the reduction of the company's revenues in 2020 amounts to at least 30% and up to 70% in relation to the revenues of 2019 and the company records losses before taxes in 2020.

50% of the aid is returned by all other companies.

Start-ups (start of operations after January 1, 2019) return 25% of the aid, provided that the reduction of the company's revenues in 2020 exceeds 30% compared to the revenues of 2019 and the company shows losses before taxes in 2020, while 33.3% of the aid is returned by all other companies in this category.