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The government’s intention to further strengthen the real economy and businesses was expressed by Finance Minister Christos Staikouras.
As he explained, in 2020 the government gave companies 5.5 billion euros through reimbursable advances. “In the coming months, the total account through repayable advances will amount to 8,500 million. We will put some 3,000 million euros into the economy in the first months of the year ”, he pointed out, noting that financing is imminent in the near future.
According to Christos Staikouras, the total package of government support measures in 2020 amounted to 24 billion, while for 2021 they have been given 7.5 billion euros.
At the same time, he stated that next week 250 million euros of the fifth phase of the repayable advance will be paid to companies, which, he said, had an improved algorithm. “All businesses received 1,000 euros, while the closed businesses received 2,000 and 4,000 euros respectively.”
As for the companies that were left out of the refundable advance, he said that “the companies that were left out of it declared higher turnover in 2020 than in 2019.” Also, when commenting on the possibility of not returning parts of some phases of the refundable advance, he said that “We design different”.
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The Minister of Finance, Christos Staikouras, referred to the difficult economic situation, but also to the restaurant sector. “The situation is difficult, with uncertainties and concerns. I respect and listen to the anxieties of the world market “ he said, adding that the support measures have been successful to date.
The lightbulb, he said, suffered enormous damage. “About 30% of the industry had an increase in turnover due to delivery.” 70% suffered enormous damage. “
According to the minister, 84% of the restaurant sector, that is, 64,000 companies were supported by the state. “We gave around € 1 billion to the restaurant and € 1.1 billion to the restaurant workers. This does not mean that we have covered all the damage to the bulb. “But I’m here to help.”
Regarding the income exemption for the month of March, he clarified that with current data, the measure extends to branches closed by order of the government, so it includes other closed businesses in addition to catering.
Fixed costs
In addition, Mr. Staikouras announced that there is a measure on the table to support fixed costs for companies. “It is a new measure that we will implement, we are discussing it with the European Competition Commission. It is about the coverage of the fixed costs of the affected companies from March 2020 and throughout 2021 ”.
As you said, the negotiation with the Europeans concerns what forms of expenses will be covered and what will be the percentage of support for small and medium-sized enterprises.
Finally, on the issue of checks, he said that the relevant provision was voted on Thursday and received the Official Gazette. “Right now it has to be implemented by the banking system” he commented, saying the provision is retroactive.
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