Inability to take advantage of the 120-dose setting to tax and insurance funds, declare thousands of small and medium entrepreneurs according to the assessment of the Chamber of Commerce of Athens. The reason is that the condition for the revival of the old arrangement is the inclusion of all new debts after 2019, only in the Fixed Debt Settlement and in up to 24 installments.

As the chamber notes, in its announcement, the majority of entrepreneurs could not serve the 120 installments, due to the accumulated financial obligations, which is why they lost the arrangement. The government should give a real second chance to the businessmen who are trying to meet their obligations, including in the 120 installments all of their overdue obligations, which multiplied during the corona virus pandemic and the energy crisis.

The BEA emphasizes that, from the first moment, it hastened to point out how the revival of 120 doses is in the positive direction, as well as the reduction of the minimum installment and the interest rate. However, there should also be care for the debts created from 2019 onwards, as the majority of entrepreneurs who owed money to the public, were unable to service all their obligations.

However, the condition of separating the debts and the payment of two separate installments for those who were not consistent, is a brake for the survival of businesses. In the conditions for the revival of the 120 installments, it is expressly stated that “the revival of the arrangements goes, from the mandatory inclusion of unregulated debts within a month of the validation of the revival, to the permanent arrangement of 24 or 48 installments. This scheme also covers those who had previously joined the 24-48 installments and lost the arrangement”.

At the same time, the BEA announcement continues, the new arrangement only concerns consistent citizens who, as of November 1, 2021, did not have overdue or unregulated debts, while at the same time they paid all the installments of the 120 or 72 installment arrangements, if they had such settings. The interest rate in this arrangement is particularly high: 4.38% for the 36 installments and 5.87% for the 72 installments. In this debt arrangement, it is impossible to join the vast majority of small and medium-sized businesses, as they have overdue tax and insurance obligations.

“The only and immediate solution, which we ask the Government to consider, is the holistic arrangement of 120 installments, for all debts to D.O.Y and EFKA, in order to give the “breath” that small businesses need, so that they can reorganize and to recover, for the benefit of both the market and society”, said the president Pavlos Ravanis.