Saturday , October 1 2022

Two new shares worth 650 million euros for small and medium enterprises –


According to Deputy Minister of Economy and Development will soon enter into force

Soon, the Ministry of Economy and Development will implement new actions through the NSRF, such as the "Competitiveness Facility" and the "Reward-Aid" action for small and medium enterprises of 400 and 250 million respectively, but also the "toolbox for entrepreneurship "of microenterprises and small businesses active in retail, specialized education and private education, as well as actions on" Strengthening existing and new clusters ".

These were announced by Deputy Minister of Economy and Development, Stathis Giannakidis, at an information event organized by the Economy and Development of SYRIZA, in a hall of the Chamber of Commerce and Industry of Greece, where he presented the new institutional framework for micro-credit. In addition, he announced that the draft law on the granting of micro-credit to micro-enterprises, self-employed persons, private individuals, KALO and others who will not have access to the banking sector to raise funds will soon come to Parliament.

He explained that the grant of "microcredit" refers to the financing of up to EUR 25,000 without guarantees and mortgages to cover working capital or investment needs or leasing equipment or collateral up to 25,000 for loans from other institutions. Access to these amounts will be made either by systemic banks or by non-banking institutions such as NGOs, cooperatives, etc., or by mixed banking system operators.

"It is an instrument that will particularly help those affected by the crisis in previous years and who do not have access to official" bank loans ", he added, adding that" next to Equi Fund, an innovative Hypermarket for newborns, but also existing or dynamic enterprises, an important tool has been created to find funding through participations. It is a "carrier bank" involving the state with 200 million euros from EPANEK, the European Investment Fund with 60 million, the European Investment Bank with 39 million euros and the international credit institutions. € 400 million will be allocated ".

The new NSRF program

Regarding NSRF funds, Mr. Giannakidis said that "the Ministry of Economy and Development is facing a new challenge for our country: this negotiation of the new NSRF, for which we have the opportunity to plan the architecture and the objectives of the new co-financed programs." The aim of the new NSRF is to strengthen critical sectors with growth dynamics with innovative and externally oriented features and recalled that the Greek government's position in these negotiations is that EU cohesion policy becomes a leverage for 2020 for social, and territorial levels of all EU regions.

"We therefore believe that the allocation of resources should not be determined again almost exclusively on the basis of regional GDP, but it is necessary to take into account the impact of the crisis on the economies and companies in the most affected Member States, Giannakidis added: "It is understandable that, despite the obvious improvements we have achieved at all levels, we recognize that there is still room for improvement and in this direction we are working."

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

"Our second day bet is to take advantage of the positive prospects of the Greek economy, which is now back in the path of recovery after 9 years," he added adding that "after eight years of austerity and cuts, we are entering a phase in which we can taking permanent measures for specific tax relief, strengthening the welfare state, supporting work and entrepreneurship. " As he explained, as the size of the Greek economy improves, the government's fiscal policy is moving towards a new mix aimed at strengthening household income, supporting sustainable development, and tackling chronic welfare deficits.

based on solid bases, "he said, adding:" A new production model is being promoted, at the heart of which is a new blend of high value added products, ecological dimension and social conditions of production. Our approach is holistic. We address market needs and plan flexible and complementary actions to meet the real needs of the economy. "

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

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