On Friday 27 August, the European Commission authorised a Greek aid scheme to support the uncovered fixed costs of companies affected by the coronavirus pandemic. The scheme has been approved under the State aid Temporary Framework and has a planned budget of up to EUR 500 million.
Greece will be able to support companies that experienced a monthly decline in turnover of at least 30% between April and December 2020 compared to the same period in 2019 by helping them cover the losses incurred during this period. The aid will cover up to 70% of their fixed costs not covered by revenues (90% in the case of micro and small enterprises). The total amount of aid will not exceed EUR 10 million per company.
In addition, companies that started their activities after 1 January 2019 or established new branches between 1 April 2019 and 31 December 2020, as well as companies that provide bus services in Greece, will be eligible for aid of up to EUR 225,000 for companies in the primary production of agricultural products, EUR 270,000 for companies in the fisheries sector and EUR 1.8 million for companies active in all other eligible sectors. (Original version in French by Lionel Changeur)