Factsheet for case GR-2021-15/1835 – measures in Greece
|Country||Greece , applies nationwide|
|Time period||Temporary, 05 April 2021 – 30 November 2021|
|Type||Other initiatives or policies|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Penny Georgiadou (INE GSEE)|
|Case created||09 April 2021 (updated 04 May 2021)|
The Greek Government, with the Law No 4790/31 March 2021 (Articles 64 - 77), launched the "GEFIRA II" (“Bridge”) programme, which concerns businesses and establishes a state financial contribution of the tranches of businesses’ loans to all banks. The subsidies of tranches concern companies with performing loans as well as those that cannot meet their loan obligations. The main features of the programme are:
In the GEFIRA II programme, are entitled to be included companies with debts to financial institutions that have been affected by the coronavirus pandemic in a proven way and have therefore been included in the emergency support measures against the dispersion of COVID-19. The application process for inclusion in the programme is simple, fast and electronic through the platform www.keyd.gov.gr. Applications can be submitted from 5 April to 9 May 2021.
Beneficiaries of the programme are: Small, micro or medium-sized enterprises and active freelancers or professionals or partners of personal or capital companies. The categories of business or professional debts that can be subsidized are (on the basis of their classification in 31 December 2020):
The income and property criteria taken into account for inclusion in the programme and the amount of monthly funding vary according to the beneficiary's category and the debt category. The subsidy of the business loan tranche is valid for eight months and ranges from €300 per month to €40,000.
According to the Minister of Development, the beneficiaries freelancers, professionals and businesses from the Bridge II programme are expected to be 100,000 – 150,000.
|Does not apply to workers||
One person or microenterprises
|Does not apply to citizens|
Company / Companies
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
There is no involvement of social partners.
There are no social partner's reactions to the measure.
Eurofound (2021), Gefira II (Bridge II) - State contribution to the tranches for the payment of business or professional debts of all types, case GR-2021-15/1835 (measures in Greece), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.