The Minister of Finance, Konstantinos Petridis, and the Minister of Labor, Welfare and Social Insurance, Zeta Aimilianidou, announced a new support package for employees, companies and the self-employed.
The measures include an employee subsidy scheme, a business subsidy scheme, which are under full suspension, as well as a six-month extension of the interest rate subsidy scheme for new business and mortgage loans until June 30, 2021.
Detailed plans:
1. Employee subsidy scheme
2. Subsidy Plan for Companies that are under mandatory full suspension, in accordance with the Decrees of the Ministry of Health and the relevant Decisions of the Council of Ministers and participated in the Special Plans of the Ministry of Labor, Welfare and Social Insurance from 16/03/2020 - 31/10/2020
Beneficiaries:
Businesses including employers that are under mandatory full suspension, in accordance with the Decrees of the Minister of Health and the relevant Decisions of the Council of Ministers from 16/03/2020. Payment of the lump sum sponsorship will not require an application from the beneficiaries. Necessary condition to be included and approved in the Special Plan for Complete Suspension of Business Work, of the Ministry of Labor, Welfare and Social Security that is implemented in the framework of the emergency measures to deal with the COVID pandemic19.
Objective: Grant of rent and other operating expenses.
Subsidy / lump sum grant:
Businesses including employers who were on full suspension from 16/03/2020 and employ up to 9 people
€10.000
Businesses including employers that were under full suspension from 16/03/2020 and employ 10 people and more staff.
€15.000
3. Grant Scheme for Businesses and Independent Employees who are under mandatory full suspension, in accordance with the Decrees of the Ministry of Health and the relevant Decisions of the Council of Ministers or have a turnover of more than 80% and will participate in the Special Plans of the Ministry of Labor, Welfare and Social Security
Beneficiaries:
Businesses and self-employed persons who are under mandatory full suspension or have a turnover of more than 80%. Payment of the lump sum sponsorship will not require an application from the beneficiaries. Necessary condition for the beneficiaries to join and be approved in the Special Plans of the Ministry of Labor, Welfare and Social Insurance that are implemented in the framework of the emergency measures to deal with the pandemic of the COVID19 virus and will be announced by the Ministry of Labor and Social Affairs.
Objective: Grant of rent and other operating expenses
Subsidy / lump sum grant:
Self-employed and very small companies that were or will be on full suspension or have a turnover of more than 80% and will be included in the Special Plans of the Ministry of Labor, Welfare and Social Insurance and employ up to 1 staff member.
€500
Self-employed and very small companies that were or will be fully suspended or have a turnover of more than 80% and will be included in the Special Plans of the Ministry of Labor, Welfare and Social Insurance and employ up to 2-5 staff members.
€1250
Self-employed and very small companies that were or will be under full suspension of work or have a reduction in turnover of more than 80% and will be included in the Special Plans of the Ministry of Labor, Welfare and Social Insurance and employ up to 6-9 staff.
€1750
Self-employed and small businesses that were or will be under full suspension of work or have a reduction in turnover of more than 80% and will be included in the Special Plans of the Ministry of Labor, Welfare and Social Insurance and employ up to 10-50 staff.
€2500
Independent employees and companies that were or will be under full suspension of work or have a reduction in turnover of more than 80% and will be included in the Special Plans of the Ministry of Labor, Welfare and Social Insurance and employ 51 or more staff.
€3000
Notes:
i. The sponsoring authority of the two Plans will be the Ministry of Labor, Welfare and Social Insurance.
ii. It is noted that the measures in question will be notified to the European Commission's Directorate-General for Competition for final approval as compatible with the State aid scheme and will be activated after obtaining the relevant approval.
iii. It is understood that a business can only benefit from one of the above two Plans.
iv. This means that companies that participated in the Winter Suspension Plan of the Ministry of Labor, Welfare and Social Insurance cannot be intensified in the 3rd Plan.
4. Six-month extension of the Interest Rate Grant Plan for new business loans until 30/06/2021
In addition to the extension, improvements have been made to the Plan, and in particular the obligation to submit a responsible statement of the applicant's approved accountant for micro, small businesses and self-employed is abolished.
5. Six-month extension of the Interest Rate Grant Plan for new mortgages until 30/06/2021
Regarding the Interest Rate Grant Plan for new mortgages, it has been decided that they may include new mortgages which at the time of their issuance were consolidated with existing serviced mortgages, with the following conditions:
(a) The consolidated loan does not exceed € 300.000.
(b) The new mortgage loan agreement was signed after 1 March 2020.
(c) Loans serviced for the same purpose other than the new mortgage have been consolidated in the new loan and which did not present more than 90 days in arrears.
(d) The interest rate of the loan relating only to the new mortgage will be subsidized.
(e) The Loan and the Borrowers shall meet all other provisions of the Plan.
It is recalled that the above two Plans entered into force in July 2020 and ended on 31/12/2020. Given the interest that has been expressed so far and with the ultimate goal of giving more time to businesses and citizens to intensify in the Plans, an extension is given so as to cover business and housing loans that were concluded or will be concluded from 1/03/2020 to 30 / 06/2021.
Source: Sigmalive