Chr. Staikouras: Financial support for households and businesses affected by the pandemic continues

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“The Ministry of Finance continues to provide financial support to households and businesses affected by the coronavirus pandemic. In this context, it proceeded on October 29 to the twelfth phase of payments of the State subsidy of the “BRIDGE 1” program, which concerns the first real estate loans and the fourth phase of the payments of the State subsidy of “BRIDGE 2” program, which concerns loans to businesses, “said Finance Minister Christos Staikouras in a statement.

In his statement, the Minister also states:

“The payments of the“ BRIDGE 1 ”program at the end of October amounted to a total of 8.5 million euros and correspond to the subsidization of 75,632 first mortgage loans and 50,096 beneficiaries.

Of these, more than 43,000 beneficiaries received the tenth installment because, with the October payments, the three-month extension of the state grant was activated.

The other beneficiaries who had already received a grant for 9 months, did not receive payment in October, because they had to pay the entire portion of their loan, as explicitly provided for in Law 4714/2020. Following the enactment of the new law 4842/2021, the three-month extension of the grant was introduced. Therefore, they will receive the tenth installment at the end of November 2021 and the twelfth installment at the end of January 2022.

Recipients for whom the 9-month grant has not ended will receive an additional 3-month grant after the end of their nine-month period.

In all cases, beneficiaries will receive a grant for a total of 12 months.

Taking into account the eleven previous payment phases, from November – December 2020 and January – September 2021, the total amount of the State subsidy paid, to date, amounts to 218.7 million euros at 75,666 beneficiaries.

As for the “BRIDGE 2” program, payments at the end of October amounted to a total of 37.8 million euros and correspond to the subsidy of 19,048 loans and 10,470 beneficiaries, who are self-employed and small and medium-sized enterprises. who have It has been proven to be affected by the coronavirus pandemic. , i.e. they suffered a 20% drop in turnover in 2020 compared to 2019.

Taking into account the three previous payment phases, from July to September 2021, the total amount of the State subsidy that has been paid, to date, amounts to 179.8 million euros.

Beneficiaries who have non-performing loans, must arrange them in cooperation with their creditors, no later than 12/31/2021, in accordance with the 3-month extension established by Law 4842/2021, then the grant for 8 months.

By adding the payments from the two “BRIDGE” programs, the total amount of the State subsidy that has been paid to date amounts to around 400 million euros for a total of 86,136 beneficiaries.

By implementing these programs, the Government is strengthening the network of support measures for households and businesses affected by the economic impact of the health crisis, in order to overcome the current difficulties as quickly as possible.

At the same time, it rewards, for the first time, consistency and reinforces the culture of payment. “

Source: RES-EAP


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