Saturday , February 27 2021

Two new activities of € 650 million for small and medium-sized enterprises –

According to the Under-Secretary of the Economy and Development, will soon come into force

Soon, the Ministry of Economic Affairs and Development will implement with the NSRF new activities such as the "Competitiveness Toolkit" and "Remuneration Aid", aimed at micro, small and medium-sized enterprises, respectively 400 and 250 million, but also the business manual for micro and small enterprises, which dealing with retail, focusing and private education, and action "Strengthening the current and emerging clusters".

This was announced by Stathis Giannakidis, Deputy Minister for Economic Development and Development, at the Information Event organized by SYRIZA's Economy and Development in the Chamber of Commerce and Industry of Greece, where he presented the new institutional framework for microcredits. In addition, he announced that the bill on microcredit granting to micro enterprises, self-employed persons, individuals, KALO and others who will not have access to the banking sector to raise funds will soon be coming to Parliament.

He explained that the "micro-credit" allocation procedure applies to financing up to EUR 25,000 without guarantees and mortgages to cover working capital or investment needs or equipment leasing or guarantees up to 25,000 to be borrowed from other institutions. Access to these amounts will be done by either systemic banks or non-banking institutions such as NGOs, cooperatives, etc., or mixed bank lease systems.

"This is a tool that will especially help those affected by the crisis in previous years and who do not have access to" official "bank loans," he said, adding that "in addition to Equi's fund is an innovative hypermarket for newborns but also existing or dynamic companies, an important An instrument for finding funding through participation is the "piggy bank" involving the country with EUR 200 million, the EPAPA, the European Investment Fund with 60 million, the European Investment Bank with EUR 39 million and international credit institutions, with a total grant of EUR 400 million. "

The new NSRF program

Regarding the VSID funds, Giannakidis said that "the Ministry of Economics and Development faces a new challenge for our country: this conversation about the new VSID, for which we have the opportunity to plan the architecture and the purpose of the new co-financed programs". The purpose of the new VSRF is to strengthen critical sectors with innovative and external growth dynamics, and recalled that the position of the Greek Government in these negotiations is that EU cohesion policy should become the lever for 2020 for all EU regions' economic, social and territorial cohesion.

"Therefore, we believe that resource allocation should not be redefined almost exclusively on the basis of regional GDP but must take into account the impact of the crisis on the most affected economies and societies of the Member States," Giannakidis added: "It is understood that, despite the obvious improvements that we have at all levels, we recognize that there are still opportunities for improvement, and we are working in this direction. "

He added that, now that the government has, after a long and difficult time, secured a lasting and secure exit from the fiscal adjustment program, it is implementing its plan for alternative laws and a model for sustainable development.

"Our next day's rate is to benefit from the positive prospects for the Greek economy, which has now recovered after 9 years," he said, adding that "after eight years of austerity and reduction, we are entering a phase in which we can take permanent measures for targeted tax relief, enhancing prosperity, and supporting work and entrepreneurship. "As explained by the improvement in the size of the Greek economy, government fiscal policy is becoming a new mix aimed at strengthening household incomes, supporting sustainable development and addressing the chronic shortage of social protection.

based on sound bases, "he added:" A new production model is being promoted, based on a new assortment of high value-added products, the ecological dimension and social conditions of production. Our approach is comprehensive. We address market needs and plan for flexible and complementary activities to meet the real needs of the economy. "

"In addition, the government has already shown that it is able to make the most of the available European funds, as evidenced by the country's highest performance over the last three years, is firmly in the first activation and absorption of the NSRF in 2014-2020," he concluded.

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Company VSID Ministry of Economics and Development

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