Commission: ‘Green light’ in a program of 7.5 million euros for support of affected companies in North Evia

The European Commission has approved a Greek program worth 7.5 million euros to support companies operating in the municipalities of Mantoudi-Limni-Agia Anna and Istiaia-Edipsos and have been affected by the coronavirus, under the temporary state aid framework. The aid will take the form of direct grants, while the purpose of the program is to provide liquidity support to companies operating in the two municipalities that have been affected by COVID and the restrictions that apply to limit the spread of the virus.

At the same time, the recovery for these companies has been jeopardized by catastrophic fires that broke out in August 2021.

The measure will be open to private companies with less than 1,000 employees, which are active in all sectors and are located in the two municipalities of Northern Evia. The amount of aid per beneficiary will range between 30% and 60% of the reduction of its turnover, from at least 1,000 euros and up to 200,000 euros. The Commission found that the Greek regime complied with the conditions set out in the provisional framework.

In particular, the aid 1) will not exceed EUR 290,000 per company active in the primary production of agricultural products, EUR 345,000 per company active in the fisheries and aquaculture sector and EUR 2.3 million per company active in other and 2) will be granted no later than 30 June 2022.

The Commission has concluded that the measure is necessary, appropriate and proportionate to address a serious disturbance in the economy of a Member State, in accordance with Article 107 (3) fb TFEU and the conditions laid down in the Provisional Framework. On this basis, the Commission approved the scheme under EU State Aid Rules.

Source: ΑΠΕ-ΜΠΕ