The platform is immediately implemented to strengthened the Event catering, beverage service, event management, culture & education, fitness facilities, and other leisure & entertainment activities which had a 2019/2020 turnover reduction of more than -50% due to a pandemic. That’s what he says the Minister of Development and Investment in a post on twitter.
Specifically, as the minister wrote today: “Recently, the European Commission approved our request for the Financial Support programs of 8% of the 2019 turnover, of the sectors that had a turnover reduction of 2019/2020 over -50% due to a pandemic. The platform is immediately implemented to support these businesses».
The relevant press release of the relevant press release issued yesterday by the European Commission delegation in Greece is attached to the relevant post of the minister and states in detail the following:
“The European Commission has approved a Greek regime of 100 million euros to support companies affected by the coronavirus pandemic. The scheme was approved under the Provisional Framework for State Aid. Under the scheme, support will be provided in the form of direct grants.
The measure is addressed to all companies that started their activities before December 31, 2021 and are active in one of the following areas, which have been severely affected by the emergency measures taken to limit the spread of the virus: catering events, provision drinks, event organization, culture and education, fitness facilities and other recreational and leisure activities. The purpose of the scheme is to meet the liquidity needs of these companies and help them to continue their activities during and after the pandemic.
To be eligible, companies must: either i) have had their turnover reduced by at least 50% in 2020 compared to 2020, or ii) have 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 businesses that had no revenue or had no activity in 2019, the direct grant will not exceed 8% of the company’s revenue in an alternative year. In any case, the aid will not exceed the maximum amount of 400,000 euros per company. The aid must be used to cover short-term expenditure incurred between 1 January 2022 and 30 September 2022 and the maximum amount of aid is 70% of that expenditure.
The Commission found that the Greek measure complied with the conditions set out in the provisional framework. In particular, the support: i) will not exceed EUR 2.3 million per company and ii) will be granted before 30 June 2022. The Commission has concluded that the Greek measure is necessary, appropriate and proportionate for the removal of a serious disturbance of 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 … “.
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