The government is examining the possibility of repaying the reduced amount of the repayable advance in several installments, as pointed out by the Minister of Development and Investment Adonis Georgiadis during yesterday’s meeting of the Board of Directors of the Athens Chamber of Crafts.
Specifically, according to an announcement by the Chamber, Mr. Georgiadis, after the request of the president of BEA Pavlos Ravanis for an additional reduction of the refundable amount of the repayable advance to handicrafts, stated that it is not possible to make an additional “haircut”, but it has been set on the table the increase in the number of repayment installments of government loans received. “It is a primary need to really increase the financing of companies, both through the banking system and the structural funds,” said Mr. Ravanis.
The chamber notes that the repayable amount that companies and freelancers are asked to pay, reaches about 3 billion euros, of which 2.3 billion euros are considered receivable. In total, the companies received 8.3 billion euros. According to the framework legislated by the government and in force, those who received repayable advances in any of the 7 cycles, are obliged to return a part of them, which arises after discounts, in 60 monthly installments, starting from June 30, 2022 and post. Also, an additional discount of 15% is provided to those who return the amount due to them in a lump sum, until March 31, 2022.
Mr. Ravanis pointed out that, after the latest geopolitical developments, in the shadow of a war that the international community failed to prevent, the need for immediate and courageous decisions is even more urgent, in order to maintain market liquidity and protect the productive sector, from the new wave of price increases and inflation.
During the discussion, artisans and small and medium-sized businesses said they were being hit hard by the new energy crisis, calling for additional support measures and making demands such as:
– Reduction of refund rate or more installments in the Refundable deposit
– Reduction or abolition of ETMEAR (special fee for reduction of gaseous pollutants)
Unsecured bank account for craft companies
Special purpose bank for SMEs
– Reduction of tax advance
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– Sectoral request from hairdressers for banning the purchase of professional products in the retail market
– Sectoral request from car repair shops: to speed up the Digital Register of Vehicle Repair and Maintenance Workshops and to finance the sector, for training in Electricity.
Source: Capital
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