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The amount that will be allocated through 4 exceeds 2,000 million eurosyou Refundable advance cycle. According to the Ministry of Finance, once the application process was completed, they participated 448,203 companies while 1.53 billion have already been paid. euros to 319,835 companies. The amount is expected to be paid to the remaining beneficiaries within a week and the following weeks after completion of the required audit.
Immediately afterwards, the 5th cycle of the Refundable Advance is launched, as already announced.
It is a new cycle, which will be added to the two months of the fourth cycle, the last two months of the year, that is, it will cover the period from September 2020 to December 2020. As the Ministry of Finance underlines, the main objective is to more clearly reflect the extent of the impact. of the pandemic in the turnover of Greek companies.
Likewise, 50% of the economic aid to companies will be non-refundable, provided they maintain the same level of employment until June 2021, in order to achieve the double objective of supporting both companies and employees.
In the near future, interested parties will be informed about the individual characteristics of the Refundable Advance 5 and the exact implementation schedule, according to which applications are expected to start in early January 2021.
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