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The Refundable Advance measure will continue and in 2021 Finance Minister Christos Staikouras pointed out to SKAI. He pointed out that until last Friday night, on the Refundable Advance 4 platform, which opened in the afternoon, 19,830 commercial applications had been submitted, worth 155 million euros and, as he highlighted, the payment will be made on Monday, while that the second payment is expected to be made. towards the end of next week.
According to the minister, in Reimbursable Advance 3, 3,400 million euros were delivered to 150,000 companies located mainly on the islands and related to tourism.
Mr. Staikouras explained that the repayable advance is only one of the measures to support the economy. “In 2020 we gave 24,000 million euros and in 2021 another 7,500 million will be allocated, that is, between 31 and 32,000 million of all the support measures of society, all the money that we receive from the Recovery Fund in the coming years. These are social assistance measures that will be financed with the country’s cash, with money that has started from Europe (Sure program), with our access to markets with extremely low borrowing costs and with the money that the Fund will disburse. in the first half of 2021 ”, he explained.
“Through the Refundable Advance, up to now 3,400 million euros have been delivered to more than 150,000 companies and especially the 3rd one has been destined to the islands and the most needy tourism in summer. In Samos alone, 891 companies received 11 million last month. The Refundable will continue in 2021, we judge that the measure has paid off and will extend it as necessary. The 4th and 5th refunds will never be reimbursed 50% “, said Christos Staikouras.” The 4th Refund is linked to a non-dismissal clause, “he also clarified.
“By April, all the reduced VAT and all the permanent tax cuts that we had voted on and implemented before the hiatus of the health crisis will be valid. There will be an amendment for the compensation of the owners and with that, what is delivered to the owners will be without guarantee and tax-free, ”the Ministry of Finance stressed at the same time.
The minister also left open the possibility of expanding the 50% refund measure to owners, of the mandatory reduction in rents that expires the coronavirus. As he explained, this will depend on the conditions in which the economy will operate at the time.
For the Puente program, he commented that starting next week the state will pay up to 90% of the fees of the reported borrowers affected by the pandemic and up to 80% of the red borrowers. “For the first time, the country also rewards consistency,” he said.
“Those who have obligations that we have suspended go for April 2021 with 12 or 24 installments without interest or with a very low interest rate. Those that were not in regulation can enter the framework of the regulation, we are talking about November 2019 onwards. For those who could not comply with the regulation they had made (100 to 120 doses) we have legislated the doses to go to the end of the regulated dose. “Those who have credit obligations, the banking system will expand the regulations in 2021,” added the Minister of Finance. The 12 and 24 installments will also apply to insurance contributions, the Ministry of Labor has already legislated, clarified Mr. Staikouras.
“The country’s fund will last in 2021,” the minister clarified, noting that the Ministry of Finance will continue to pay assignments and obligations for the duration of the pandemic.
