J.Rojaka: grants will be provided to small and medium-sized businesses, support will range from 500 euros to hundreds of thousands Business



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The government agreed last Wednesday that companies whose turnover fell by at least 30% between March and the end of October can count on support. compared to the same period last year.

Businesses will be able to apply for grants amounting to around 25 percent. Personal Income Tax (PIT) paid last year and liquidity loans. It is planned to allocate 150 million. euros.

The Vice Minister of Economy and Innovation, J. Rojaka, said that the subsidies will be used to help micro, small and medium-sized companies overcome the consequences of the pandemic and preserve liquidity. It is estimated that there will be up to 64 thousand potential applicants.

Luke April / 15min photo / Jekaterina Rojaka

Luke April / 15min photo / Jekaterina Rojaka

This outraged business associations representing large companies, claiming that so far the ministry has also promised grants to large companies.

New companies will be included in the aid scheme

It is true, although only those companies whose turnover has fallen by 30% will be eligible for the subsidy. and more, this exemption will not apply to new businesses that began operating before March 1.

“Newcomers to the company who do not have enough turnover will also be able to apply. If the activity of said company is included in the list of restricted economic activities, said company is a suitable candidate,” said J. Rojaka.

She revealed that the minimum amount of the grant will be 500 euros, and the “ceiling” is set according to the communication of the European Commission (EC) – up to 800 thousand. including all state aid received so far.

Additionally, midsize businesses wishing to apply for a grant must submit a 2019 financial report to the Center of Records to assess whether they are in distress.

Will introduce additional controls

The procedure for granting subsidies will be similar to the previous distribution of benefits to micro-enterprises. As in the first quarantine, companies will apply for the subsidy by completing an application through the CTI system.

The applicant company cannot file for bankruptcy, restructure or reorganize itself by completing a grant application. Also, you must have at least 1 employee.

J.Rojaka hinted that it is planned to introduce an additional control: each hundredth company must present a document certifying 30%. drop in turnover.

“Subsidies cannot be used to pay dividends, buy shares and the like. The subsidy is used as working capital to maintain liquidity. If the company has provided incorrect information and receives a subsidy, it will have to return it and pay interest ”, emphasized J. Rojaka.

The Ministry of Economy and Innovation will apply for grants from the EC in December and the money will reach the company in early January.



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