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Greece

Measures taken in response to coronavirus (COVID-19) pandemic

Adoption date

Type of measure

Beneficiaries' sector specification

Description of measure

10/04/2020

Direct grants

Non-financial corporations

Small and medium size businesses that are affected financially by the COVID-19 health crisis will be granted subsidies for the payment of interest on existing loans (signed before 01.04.2020) for a period of three or five months, provided that these loans were performing as of 31.12.2019 or 29.02.2020. The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis). Businesses benefited by this measure should retain the overall size of their workforce on 31.12.2020 or 31.05.2021 as of 19.03.2020 (including suspended employment contracts). The total fiscal expenditure is estimated at EUR 750 million. The total interest expense covered per company will not exceed EUR 800 thousand.

11/03/2020

Tax deferrals

Non-financial corporations

The Greek Government has decided to suspend VAT payments and the collection of outstanding tax debts for businesses affected by the COVID-19 health crisis. The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis). The tax payments initially due from 11/03/2020 until 30/06/2020 are deferred until 30/04/2021, without imposing any interest or surcharge. This measure applies only to businesses which will retain the overall size of their workforce.

11/03/2020

Direct grants

Non-financial corporations

The Greek Government has decided to suspend social security contributions of February, March and April 2020, for businesses affected by the COVID-19 health crisis. These contributions which were initially due on 31/03/2020, 30/04/2020 and 31/05/2020 are extending and therefore could be paid until 30/09/2020, 31/10/2020 and 30/11/2020 respectively, without imposing any interest or surcharge. Other payment arrangements for social security contributions payable by 31/03/2020 and 30/04/2020 will be extended by three months, as well as the deadlines for all subsequent monthly installments. This measure applies only to businesses which will retain the overall size of their workforce.

15/04/2020

Direct grants

Households

Scientists affected financially by the COVID-19 health crisis will receive a special purpose compensation of EUR 600, which is tax free and shall not be offset against any other debt obligation.

16/04/2020

Direct grants

Households

Unemployed individuals who don’t receive the unemployment allowance and are registered as long-term unemployed from 01/04/2019 onwards will be granted a one-off benefit of EUR 400 to face the financial repercussion of the COVID-19 health crisis. The total fiscal expenditure amounts to EUR 65 million.

16/04/2020

Direct grants

Non-financial corporations

The Greek Government decided to provide special purpose compensations to support businessmen, freelancers and sole proprietors affected financially by the COVID-19 health crisis. The first compensation of EUR 800 included a period of 45 calendar days (mid-April 2020 to May 2020) and covered business activities either lock-downed by the government or financially affected by the health crisis. The second compensation of EUR 534 was provided for business activities lock-downed by the government after 18th May 2020 and of EUR 300 for businesses activities financially affected by the health crisis. The third and fourth compensations of EUR 534 and EUR 300 were provided for business activities financially affected by the health crisis in June and July 2020, respectively, based on a categorization made by the Government. The special purpose compensations are tax free and shall not be offset against any other debt obligation.
This measure applies to owners of sole proprietorships, general partnerships, limited partnerships, limited liability companies, private limited companies, co-ownership with vessels, co-ownership pursuant to civil and inheritance law but excludes public limited companies. The respective businesses should be headquartered or permanently established in Greece, employ from 0 to 20 employees and are identified based on their business activity code (either closed based on government order or materially affected by the crisis). Businessmen benefitted by this measure should retain the overall size of their workforce. The total fiscal expenditure amounts to EUR 500 million.

20/03/2020

Direct grants

Households

Unemployment allowance which expired or would expire within the first four months of 2020 will be extended for 2 months and up to 30 June 2020.

26/03/2020

Tax deferrals

Households

The payment of outstanding tax debts, which were initially due from 11.03.2020 until 30.06.2020, may be deferred until 30.04.2021, without imposing any interest or surcharge. Eligible for this measure are employees working at businesses affected financially by the COVID-19 health crisis, identified by their business activity code (either closed based on government order or materially affected by the crisis).

28/03/2020

Direct grants

Households

The Greek Government decided to provide the special purpose compensations of EUR 800 (March and April 2020) and of EUR 534 (May 2020) to support private sector employees affected financially by the COVID-19 health crisis. It covers a period of 75 calendar days, is tax free and shall not be offset against any other debt obligation.
The state budget also covers social security contributions calculated on nominal wages for the same time period and the law foresees protection of the employment contracts, which cannot be invalidated from 18.03.2020 and hereafter. Employees eligible to receive the special purpose compensations should work in businesses which are identified based on their business activity code (either closed based on government order or materially affected by the crisis). The total fiscal expenditure of the measure is estimated at EUR 2.224.280.000.

30/03/2020

Tax reliefs

Non-financial corporations

The Greek Government provides a 25% discount on installments of established tax debts which are due from March to June 2020, subject to the provision that will be paid on time (i.e. until 21/04/2020, 30/04/2020, 15/06/2020 and 30/06/2020, respectively). The same discount holds for the payment of installments of other tax arrangements. Tax obligations from VAT are excluded. This discount is also valid for payments that were made from 11/03/2020 to 29/03/2020.
The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis). This discount is provided to incentivize prompt payments in spite of the possibility to defer payments without any interest or surcharges.

30/03/2020

Tax reliefs

Households

The Greek Government provides a 25% discount on installments of established tax debts which are due from March to June 2020, subject to the provision that will be paid until 21/04/2020, 30/04/2020, 15/06/2020 and 30/06/2020, respectively. The same discount holds for the payment of installments of other tax arrangements. Eligible for this measure are employees working at businesses affected by the COVID-19 health crisis (businesses are identified by their business activity code, either closed based on government order or materially affected by the crisis).

30/03/2020

Private moratoria

Non-financial corporations

From 30/03/2020 until 31/05/2020, businesses affected by the health crisis will have the option to defer the payment of securities (bills of exchange, cheques) by 75 days (from 15/03/2020 until 30/03/2020 the deferred payments are not being registered in the credit bureau system if they get paid within 75 days past due). The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis).
The measure is extended until 31/07/2020 for businesses in the tourist industry and businesses which provide services and their cumulatively turnover from July to September of 2019 exceeds the 50% of their yearly turnover (the deferred payments are not being registered in the credit bureau system from 01/06/2020 until 15/07/2020 if they get paid within 75 days past due). On a third round, the measure is extended until 30/04/2021 for businesses in the tourist industry, with a reduced turnover by more than 70% in the first half of 2020 compared to the one of the first half of 2019 (for reduced turnover from 70% to 85%, the deferred payments are not being registered in the credit bureau system from 16/07/2020 until 22/08/2020 if they get paid until 30/09/2020; for reduced turnover greater than 85%, the deferred payments are not being registered in the credit bureau system from 01/06/2020 until 22/08/2020 if they get paid until 31/10/2020).

In addition, businesses that hold the above securities may also defer the payment of securities of their issuance by 75 days, without being registered in the credit bureau system from 01/06/2020 until 15/07/2020. In the latter case, the eligibility criterion is the value of deferred securities to be greater than 20% of their average monthly turnover of 2019.

30/03/2020

Tax deferrals

Non-financial corporations

Businesses that hold securities (bills of exchange, cheques) and are impacted financially by the option of issuers to defer their payment, may defer the payment of tax obligations and social security contributions on their side, even if they are not included in the list of affected businesses, based on their businesses activity code. Businesses that hold securities from the tourist industry may defer the payment of their tax obligations until 30/09/2020.
The measure is effective from 01.04.2020 and the eligibility criterion is the value of deferred securities to be greater than 20% of their average monthly turnover of 2019. This measure does not include businesses that have benefitted financially from the covid-19 health crisis.

30/03/2020

Public loans

Non-financial corporations

Businesses affected by the health crisis may be granted state aid in the form of repayable advances, which is tax free and shall not be offset against any other debt obligation. Eligible are businesses regardless of their legal status including general partnerships, limited partnerships, limited liability companies, private limited companies and sole proprietorships. The eligible businesses should employ from 0 to 1,000 members of staff except sole proprietorships which should employ at least 1 member of staff (excluding some sole proprietorships which are eligible even without employing any member of staff). The respective businesses should be headquartered or permanently established in Greece and should retain the same number of staff members until 31 October 2020.
The repayable advances cannot be less than EUR 2,000 for businesses which do not employ staff, EUR 4,000 for businesses which employ from 1 to 5 members of staff, EUR 8,000 for businesses which employ from 6 to 20 members of staff, EUR 15,000 for businesses which employ from 21 to 50 members of staff and EUR 30,000 for businesses which employ more than 50 members of staff (the number of staff as of 1 June 2020). The maximum amount of the repayable advances may not exceed EUR 350,000 for each business which employ up to 250 members of staff and EUR 500,000 for each business which employ more than 250 members of staff. Similarly for the following industries, the maximum amount may not exceed EUR 120,000 for each fishing and aquaculture business and EUR 100,000 for each agriculture and road transport services of freight business. Finally, the maximum amount may not exceed EUR 800,000 and EUR 200,000 for businesses that receive the repayable advances under the temporary framework and the de minimis Regulation, respectively.

A grace period is provided until 30th June 2022; after its expiration, the state aid should be returned in ninety-six (96) equal installments.
The benefited businesses will return a decreased amount of the state aid depending on the magnitude of their gross revenues' reduction, as long as they have maintained the same number of staff (as of 1 June 2020).
- For businesses that have started their operations before January 1, 2019 and had reported positive gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 70% in 2020 (compared to 2019) and loss before tax;
o They should return only the 33.3% of the state aid, if they reported reduced gross revenues between 30% and 70% in 2020 (compared to 2019) and loss before tax;
o All other businesses should return the 50% of the state aid.
- For newly founded business that have started their operations after January 1, 2019 or had reported zero gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 30% in 2020 (compared to 2019, and if they had reported positive gross revenues in 2019) and loss before tax;
o All other businesses should return the 33.3% of the state aid.
In view of the above, the businesses have the possibility to benefit from an additional discount of 15%, if they return the corresponding amounts until 29th July 2022.
The state aid is granted to support the economy during the current outbreak of the diseases and is subject to approval by the Commission, as provided in the Commission Communication C (2020) 1863 / 19.3.2020 “Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak” and Commission Regulation 1407/18.12.2013 “on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid”. The total fiscal expenditure amounts to EUR 1,380 billion (EUR 1,060 billion from the regular budget and EUR 0,320 billion from the Public Expenses Program).

30/03/2020

Public moratoria

Non-financial corporations

Businesses affected financially by the COVID-19 health crisis may defer the payment of installments for loan obligations that was previously arranged by out-of-court settlements. The payment moratorium is valid for a 3 month period, without any consequences and without amending the duration of settlements. The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis). Other businesses may also request to benefit from the measure and be subject to creditors’ approval.

30/03/2020

Public moratoria

Households

Employees working at businesses affected financially by the COVID-19 health crisis may defer the payment of installments for loan obligations that was previously arranged by court decisions, including mortgage loans for their primary residence. The payment moratorium is valid for a 3 month period, without any consequences and without amending the duration of arrangements. Eligible for this measure are employees working at affected businesses identified by their business activity code (either closed based on government order or materially affected by the crisis).

30/03/2020

Direct grants

Households

Freelancers and sole proprietors can benefit from a 25% reduction if they pay promptly their social security contributions from February to May 2020 (i.e. within their respective deadlines without using the option provided for a deferral).

17/03/2020

Private moratoria

Non-financial corporations

Greek credit institutions provide the option of payment moratoria for legal entities financially affected by the health crisis. The payment moratoria concern the suspension of installments (both the amortization part and the contractual interest) which are due from 17/03/2020 until 31/12/2020, provided that these loans were performing as of 31/12/2019.

19/03/2020

Private moratoria

Households

Greek credit institutions provide the option of payment moratoria for natural persons (employees, freelancers and sole proprietors) financially affected by the health crisis. The payment moratoria concern the suspension of installments (both the amortization part and the contractual interest) until 31/12/2020, but only for performing loans as of 31/12/2019.

27/03/2020

Direct grants

Households

Freelancers and sole proprietors may suspend the payment of social security contributions from February to May 2020, if they have been affected financially by the COVID-19 health crisis. These contributions which were initially due on 31/03/2020, 30/04/2020, 31/05/2020 and 30/06/2020, respectively, are extended and therefore could be paid in four equal monthly installments. The first installment should be paid until 30/09/2020 for the contributions of February and March and until 31/10/2020 for the contributions of April and May, without imposing any interest or surcharge. Other payment arrangements for social security contributions payable by 31/03/2020 and 30/04/2020 will be extended by three months, as well as the deadlines for all subsequent monthly installments.

08/05/2020

Public guarantees

Non-financial corporations

The “COVID-19 Business Guarantee Fund” is established as an independent unit of the Hellenic Development Bank, as foreseen in the “Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (2020/C 91 I/01)”. The state aid is provided for financing guarantees on new loans for businesses’ capital needs, subject to a ceiling. The Fund collaborates with financial institutions operating in Greece. The total fiscal expenditure amounts to EUR 2.030.000.000.

30/05/2020

Direct grants

Non-financial corporations

A new employment support mechanism is established in the form of short-term financial support, for the preservation of full-time jobs in the private sector. According to this mechanism, private sector employers are eligible to reduce the weekly working time up to 50% for part or all of their employees, depending on their operations and without converting the employment contracts. The employees will receive financial support equal to 60% of their net salary for the time that they don’t work. The mechanism will be activated for the period from 15/06/2020 until 31/03/2021. Businesses should retain the overall size of their workforce included in the mechanism as of 30/06/2020 and maintain for them the same nominal wages.
The social security contributions corresponding to the amount of financial support are covered by the mechanism by 60% and 100%, for the time period from 15/06/2020 to 30/06/2020 and from 01/07/2020 to 31/03/2021, respectively.

The mechanism will also pay the corresponding part of summer holidays and Christmas allowances for 2020, the remaining part will be covered by the employer. In any case, the sum of reduced salary and financial support cannot be less than the minimum wage; any difference will be covered by the state budget.

30/05/2020

Direct grants

Households

Employees in the tourist industry (tourist accommodations, busses) are eligible to receive monthly financial support of EUR 534, if their employment contracts are suspended in the period from June to September 2020 (EUR 534 correspond to 30 days of suspension and is adjusted proportionally to the suspension days). The State Budget will also cover the social security contributions and the Christmas holiday allowances that correspond to the suspension days. The measure is valid regardless if the respective businesses will re-open for the summer 2020 or not. The above financial support is tax free and shall not be offset against any other debt obligation.
Tourist businesses should retain the overall size of their workforce and recall the suspension of employment contracts based on their occupancy: 1/3, 2/3 and the total number of employees should return to work for occupancy rates of 20%, 50% and 80%, respectively. The total fiscal expenditure of the measure is estimated at EUR 138.840.000.

30/05/2020

Direct grants

Households

Seasonal employees in the tourist industry, who were employed full or part-time in 2019 and have received unemployment allowances for three months and five days from September 2019 until February 2020, are eligible to receive monthly extraordinary financial support from June to August 2020, equal to the last unemployment allowance. If these seasonal employees will be hired until 30/09/2020 with part-time contracts, then the social security contributions of employers will be covered by the state budget for the period from June to September 2020. The above financial support is tax free and shall not be offset against any other debt obligation. The total fiscal expenditure of the measure is estimated at EUR 52.500. 000.

30/05/2020

Direct grants

Households

Employees working in businesses affected financially by the crisis (tourism, transportation, sports and culture) are eligible to receive monthly financial support of EUR 534, if their employment contracts are suspended from June to July 2020 (for restaurants the measure applies only for June 2020). The above financial support is tax free and shall not be offset against any other debt obligation.
The state budget also covers social security contributions calculated on nominal wages for the same time period and the law foresees protection of the employment contracts, which cannot be invalidated (businesses materially affected by the crisis are identified by their business activity code). The total fiscal expenditure of the measure is estimated at EUR 238.449. 690.

04/06/2020

Public guarantees

Non-financial corporations

The Greek government decided to provide to the European Union a guarantee of EUR 342.618.750, under the European Regulation 2020/672 for the establishment of a new instrument for temporary support to mitigate unemployment risks in an emergency (SURE).
The SURE instrument will be available to Member States as a financial assistance to fight the negative economic and social consequences of the coronavirus outbreak on their territory and especially to preserve employment through the support of short-time work schemes. It will allow for a financial assistance up to EUR 100 billion in the form of loans from the EU to affected Member States, whereby Member States agreed to support each other.

20/03/2020

Tax deferrals

Households

The payment of outstanding tax debts, initially due from 11/03/2020 until 30/04/2020, may be deferred until 30/04/2021, without imposing any interest or surcharge. Eligible for this measure are freelancers and sole proprietors affected financially by the COVID-19 health crisis, identified by their business activity code (either closed based on government order or materially affected by the crisis).

07/12/2020

Direct grants

Households

Private sector employees are eligible to receive the monthly financial support of EUR 534 if their employment contracts are suspended in December 2020 and January 2021 (EUR 534 correspond to 30 days of suspension and is adjusted proportionally to the suspension days). The financial support is tax free and shall not be offset against any other debt obligation.
Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses. Employers are obligated to retain the same number of employees after the termination of the measure. The total fiscal expenditure of the measure is estimated at EUR 514,243,700.

04/01/2021

Tax deferrals

Non-financial corporations

The payment of installments of settled tax debts (which were initially due until 31.01.2021) and every subsequent installment may be deferred by one month, without imposing any interest or surcharge. Employers are obligated to retain the same number of employees after the termination of the measure. Eligible for this measure are businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by their business activity code.

07/01/2021

Public loans

Non-financial corporations

Businesses may be granted state aid in the form of repayable advances, which is tax free and shall not be offset against any other debt obligation. Eligible are businesses affected financially by the health crisis from September to December 2020, regardless of their legal status including sole proprietorships and non-profit corporations. The eligible businesses should employ from 0 to 1,000 members of staff (the number of staff as of 1 November 2020). The respective businesses should be headquartered or permanently established in Greece and should retain the same number of staff members until 30 June 2021.
The repayable advances cannot be less than EUR 2,000 for businesses which do not employ staff, EUR 4,000 for businesses which employ from 1 to 5 members of staff, EUR 8,000 for businesses which employ from 6 to 20 members of staff, EUR 15,000 for businesses which employ from 21 to 50 members of staff and EUR 30,000 for businesses which employ more than 50 members of staff (the number of staff as of 1 November 2020). The maximum amount of the repayable advances may not exceed EUR 350,000 for each business which employ up to 250 members of staff and EUR 500,000 for each business which employ more than 250 members of staff. Similarly for the following industries, the maximum amount may not exceed EUR 120,000 for each fishing and aquaculture business, EUR 100,000 for each agriculture business (in some cases the amount is limited to EUR 20,000) and EUR 100,000 for each road transport services of freight business. Finally, the maximum amount may not exceed EUR 800,000 and EUR 200,000 for businesses that receive the repayable advances under the temporary framework and the de minimis Regulation, respectively.

A grace period is provided until 30th June 2022; after its expiration, the state aid should be returned in ninety-six (96) equal installments.
The benefited businesses will return a decreased amount of the state aid depending on the magnitude of their gross revenues’ reduction, as long as they have maintained the same number of staff (as of 1 November 2020).
- For businesses that have started their operations before January 1, 2019 and had reported positive gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 70% in 2020 (compared to 2019) and loss before tax;
o They should return only the 33.3% of the state aid, if they reported reduced gross revenues between 30% and 70% in 2020 (compared to 2019) and loss before tax;
o All other businesses should return the 50% of the state aid.
- For newly founded business that have started their operations after January 1, 2019 or had reported zero gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 30% in 2020 (compared to 2019, and if they had reported positive gross revenues in 2019) and loss before tax;
o All other businesses should return the 33.3% of the state aid.
In view of the above, the businesses have the possibility to benefit from an additional discount of 15%, if they return the corresponding amounts until 29th July 2022.
The state aid is granted to support the economy during the current outbreak of the diseases and is subject to approval by the Commission, as provided in the Commission Communication C (2020) 1863 / 19.3.2020 “Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak” and Commission Regulation 1407/18.12.2013 “on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid”. The total fiscal expenditure amounts to EUR 3,700 billion from the regular budget.

11/01/2021

Direct grants

Households

Individuals who will receive reduced rents by 40%, as part of the fiscal measures introduced for the relief of the economic consequences of the COVID-19 pandemic, will be deposited in their banking accounts the 20% of the initial rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation. The measure is effective since November 2020 onwards.

27/01/2021

Tax deferrals

Households

The payment of settled tax debts (which were initially due on 31.01.2021) may be deferred at the end of the existing installment payment schedule. Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses.

31/01/2021

Direct grants

Households

Private sector employees are eligible to receive the monthly financial support of EUR 534 if their employment contracts are suspended in February 2021 (EUR 534 correspond to 28 days of suspension and is adjusted proportionally to the suspension days). The financial support is tax free and shall not be offset against any other debt obligation.
Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses. Employers are obligated to retain the same number of employees after the termination of the measure. The total fiscal expenditure of the measure is estimated at EUR 405,000,000.

04/02/2021

Public guarantees

Non-financial corporations

The total fiscal expenditure of the “COVID-19 Business Guarantee Fund” has risen to EUR 2,250,000,000 (instead of EUR 2,030,000,000).

05/02/2021

Tax reliefs

Households

Individuals who received reduced rents from November 2020 by at least 40% for their rented properties are entitled to a discount on taxes, which should be equal to 20% of the remaining part of 60% of the rents received. The amount of the discount reduces tax obligations due from 31/07/2020 onwards.

05/02/2021

Tax reliefs

Households

Individuals, who received reduced rents from November 2020 by at least 30% for their rented properties after an optional agreement, are entitled to a discount on taxes, which should be equal to 20% of the remaining part of the rents received. The amount of the discount reduces tax obligations due from 31/07/2020 onwards.

05/02/2021

Direct grants

Households

Businesses lock downed by the government until 11/01/2021 are exempt from the obligation to pay rents for January and February 2021. Individuals who will not receive these rents will be deposited in their banking accounts the 80% of the rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

05/02/2021

Direct grants

Non-financial corporations

Businesses lock downed by the government until 11/01/2021 are exempt from the obligation to pay rents for January and February 2021. Legal entities who will not receive these rents will be deposited in their banking accounts the 60% of the rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

05/02/2021

Private moratoria

Non-financial corporations

From 02/01/2021 until 31/03/2021, businesses affected by the health crisis will have the option to defer the payment of securities (bills of exchange, cheques) by 75 days. The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis). The respective businesses should present a reduced turnover by more than 40% in Q4 2020 compared to Q4 2019.
In addition, businesses that hold the above securities may also defer the payment of securities of their issuance by 75 days, without being registered in the credit bureau system from 02/01/2021 until 31/03/2021. In the latter case, the eligibility criterion is the value of deferred securities to be greater than 50% of their average monthly turnover of 2020.

05/02/2021

Direct grants

Non-financial corporations

Businesses materially affected by the crisis may be granted aid for fixed business expenses, in the context of the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (2020/C 91 I/01). The aid is tax free and shall not be offset against any other debt obligation.

05/02/2021

Direct grants

Non-financial corporations

The Greek main carrier “Aegean Airlines SA” will receive a grant of EUR 120 million, subject to the provision that the company will increase its share capital by EUR 60 million. The measure aims to compensate the airline for losses directly caused by the coronavirus outbreak and the travel restrictions imposed by Greece and other destination countries to limit the spread of the coronavirus. The grant is tax free and shall not be offset against any other debt obligation.
In addition, the Greek state will receive warrants for the purchase of shares in the airline (11.5%), which will be entitled to exercise under certain conditions and within a certain time frame. The exercise price of these warrants will be equal to the selling price of the new shares during the above mentioned capital increase.

In the same vein, the Athens International Airport SA and the operator of 14 regional airports received direct grants of EUR 130 million and EUR 178 million, respectively.

06/02/2021

Direct grants

Non-financial corporations

Cultural business or non-profit organizations (theaters, music stages, dance theaters, concert halls and other venues) will be financially supported for missing ticket seats (EUR 10 per seat, at the 40% of the theater capacity, 24 performances per month at maximum). The respective cultural businesses should present a reduced turnover by more than 20% from March to September 2020 compared to the same period in 2019.
The benefitted businesses should pay their employees who haven’t received the special purpose compensation with an amount corresponding to at least 40% of the financial grant, within ten days after receiving the grant. The respective businesses should retain the same number of employees. The total fiscal expenditure of the measure will cover the period Q4 2020 and is estimated at EUR 14 million.

01/03/2021

Public loans

Non-financial corporations

Businesses may be granted state aid in the form of repayable advances, which is tax free and shall not be offset against any other debt obligation. Eligible are businesses affected financially by the health crisis in January 2021, regardless of their legal status including sole proprietorships and non-profit corporations. The eligible businesses should employ from 0 to 1,000 members of staff (the number of staff as of 1 January 2021). The respective businesses should be headquartered or permanently established in Greece and should retain the same number of staff members until 30 June 2021.
The repayable advances cannot be less than EUR 1,000 for businesses which do not employ staff, EUR 2,000 for businesses which employ from 1 to 5 members of staff, EUR 4,000 for businesses which employ from 6 to 20 members of staff, EUR 8,000 for businesses which employ more than 20 members of staff (the number of staff as of 1 January 2021). Similarly for the following industries, the maximum amount may not exceed EUR 270,000 for each fishing and aquaculture business, EUR 225,000 for each agriculture business and EUR 100,000 for each road transport services of freight business. Finally, the maximum amount may not exceed EUR 1,800,000 and EUR 200,000 for businesses that receive the repayable advances under the temporary framework and the de minimis Regulation, respectively.

A grace period is provided until 30th June 2022; after its expiration, the state aid should be returned in ninety-six (96) equal installments.
The benefited businesses will return a decreased amount of the state aid depending on the magnitude of their gross revenues' reduction, as long as they have maintained the same number of staff (as of 1 January 2021).
- For businesses that have started their operations before January 1, 2019 and had reported positive gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 70% in 2020 (compared to 2019) and loss before tax;
o They should return only the 33.3% of the state aid, if they reported reduced gross revenues between 30% and 70% in 2020 (compared to 2019) and loss before tax;
o All other businesses should return the 50% of the state aid.
- For newly founded business that have started their operations after January 1, 2019 or had reported zero gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 30% in 2020 (compared to 2019, and if they had reported positive gross revenues in 2019) and loss before tax;
o All other businesses should return the 33.3% of the state aid.
In view of the above, the businesses have the possibility to benefit from an additional discount of 15%, if they return the corresponding amounts until 29th July 2022.
The state aid is granted to support the economy during the current outbreak of the diseases and is subject to approval by the Commission, as provided in the Commission Communication C (2020) 1863 / 19.3.2020 “Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak” and Commission Regulation 1407/18.12.2013 “on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid”. The total fiscal expenditure amounts to EUR 550 billion from the regular budget.

16/02/2021

Direct grants

Households

Individuals who work in the tourist industry (tour guides, tourist escorts) and are not eligible to receive the unemployment allowance, they will receive instead the monthly financial support of EUR 534 for the period from January to February 2021. The total fiscal expenditure of the measure is estimated at EUR 15 million.

17/02/2021

Tax deferrals

Non-financial corporations

The payment of installments of settled tax debts (which were initially due until 28.02.2021) and every subsequent installment may be deferred by one month, without imposing any interest or surcharge. Employers are obligated to retain the same number of employees after the termination of the measure. Eligible for this measure are businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by their business activity code.

25/02/2021

Tax deferrals

Households

The payment of settled tax debts (which were initially due on 28.02.2021) may be deferred at the end of the existing installment payment schedule. Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses.

25/02/2021

Direct grants

Non-financial corporations

Small and medium size businesses that are affected financially by the COVID-19 health crisis will be granted subsidies for the payment of interest on existing loans. The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis).
Businesses benefited by this measure should retain the overall size of their workforce on 31.12.2020 or 31.07.2021 or 31.12.2021 as of 19.03.2020 (including suspended employment contracts). The total fiscal expenditure is estimated at EUR 200 million. The total interest expense covered per company will not exceed EUR 1.8 million.

02/03/2021

Direct grants

All non-financial sector

Payment arrangements for social security contributions payable by 28/02/2021 will be extended by one month, as well as the deadlines for all subsequent monthly installments, without imposing any interest or surcharge. This measure applies only to businesses which will retain the overall size of their workforce.

02/03/2021

Direct grants

Households

Private sector employees are eligible to receive the monthly financial support of EUR 534 if their employment contracts are suspended in March 2021 (EUR 534 correspond to 30 days of suspension and is adjusted proportionally to the suspension days). The financial support is tax free and shall not be offset against any other debt obligation.
Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses. Employers are obligated to retain the same number of employees after the termination of the measure. The total fiscal expenditure of the measure is estimated at EUR 200,000,000.

08/03/2021

Direct grants

Non-financial corporations

Businesses locked-down by the government during the Christmas 2020 period due to local suspension measures will be supported financially. The total fiscal expenditure of the measure is estimated at EUR 8.2 million. The total financial support per company will not exceed EUR 200 thousand.
The measure includes and other non-refundable grands to small and micro enterprises via the National Strategic Reference Framework (NSRF).

19/03/2021

Tax deferrals

Households

The payment of settled tax debts (which were initially due on 31.03.2021) may be deferred at the end of the existing installment payment schedule. Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses.

19/03/2021

Tax deferrals

Non-financial corporations

The payment of installments of settled tax debts (which were initially due until 31.03.2021) and every subsequent installment may be deferred by one month, without imposing any interest or surcharge. Employers are obligated to retain the same number of employees after the termination of the measure. Eligible for this measure are businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by their business activity code.

31/03/2021

Direct grants

Non-financial corporations

Payment arrangements for social security contributions payable by 31/03/2021 will be extended by one month, as well as the deadlines for all subsequent monthly installments, without imposing any interest or surcharge. This measure applies only to businesses which will retain the overall size of their workforce.

31/03/2021

Direct grants

All non-financial sector

The Greek Government contributes to the payment of corporate loan installments. Benefitted individuals (free-lancers and sole proprietorships) or legal entities should have been proven affected financially by the COVID-19 health crisis, i.e. the revenues of 2020 should be reduced by 20% or more compared to the corresponding revenues of 2019. The maximum period of state contribution should not exceed eight months.
The benefitted borrower should service at least the 50% of his total debt burden and pay the remaining part of the loan installment on time. For borrowers that fail to meet their loan obligations after the state contribution, then the payment of state contributions is interrupted and they have to return them in full, with the corresponding interest rate.

The total fiscal expenditure of the measure is estimated at EUR 500,000,000.
State contribution
For performing loans or at delay of up to 90 days as of 31.12.2020: 90%, 80% and 70% of the loan installment for the first three months, the next three months and the last three months, respectively. The maximum amount of each loan installment should not exceed EUR 600 for free-lancers and sole proprietorships, EUR 5,000 for very small enterprises, EUR 15,000 for small enterprises and EUR 50,000 for medium-sized enterprises.
For non-performing loans at delay of more than 90 days as of 31.12.2020: 80%, 70% and 60% of the loan installment for the first three months, the next three months and the last three months, respectively. The maximum amount of each loan installment should not exceed EUR 500 for free-lancers and sole proprietorships, EUR 4,000 for very small enterprises, EUR 12,500 for small enterprises and EUR 40,000 for medium-sized enterprises.
For denounced loans as of 31.12.2020: 50%, 40% and 30% of the loan installment for the first three months, the next three months and the last three months, respectively. The maximum amount of each loan installment should not exceed EUR 300 for free-lancers and sole proprietorships, EUR 2,500 for very small enterprises, EUR 7,500 for small enterprises and EUR 25,000 for medium-sized enterprises.

19/04/2021

Private moratoria

Non-financial corporations

From 01/04/2021 until 30/04/2021, businesses affected by the health crisis will have the option to defer the payment of securities (bills of exchange, cheques) by 30 days. The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis). The respective businesses should present a reduced turnover by more than 40% in Q4 2020 compared to Q4 2019.

20/04/2021

Direct grants

Households

Businesses lock downed by the government are exempt from the obligation to pay rents for March 2021. Individuals who will not receive these rents will be deposited in their banking accounts the 80% of the rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

20/04/2021

Direct grants

Non-financial corporations

Businesses lock downed by the government are exempt from the obligation to pay rents for March 2021. Legal entities who will not receive these rents will be deposited in their banking accounts the 60% of the rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

20/04/2021

Direct grants

Households

Individuals who will receive reduced rents by 40% for March 2021, as part of the fiscal measures introduced for the relief of the economic consequences of the COVID-19 pandemic, will be deposited in their banking accounts the 20% of the initial rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

23/04/2021

Tax deferrals

Non-financial corporations

The Greek Government has decided to suspend the collection of outstanding debts for businesses affected by the COVID-19 health crisis. The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis). The tax payments deferred until 30.04.2021 are now further extended to defer until 31.12.2021, without imposing any interest or surcharge. This measure applies only to businesses which will retain the overall size of their workforce.

23/04/2021

Tax deferrals

Households

The payment of outstanding tax debts, which were initially deferred until 30.04.2021, may be further extended to defer until 31.12.2021, without imposing any interest or surcharge. Eligible for this measure are freelancers, sole proprietors and employees working at businesses affected financially by the COVID-19 health crisis, identified by their business activity code (either closed based on government order or materially affected by the crisis).

24/04/2021

Direct grants

Households

Private sector employees are eligible to receive the monthly financial support of EUR 534 if their employment contracts are suspended in April 2021 (EUR 534 correspond to 30 days of suspension and is adjusted proportionally to the suspension days). The financial support is tax free and shall not be offset against any other debt obligation.
Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses. Employers are obligated to retain the same number of employees after the termination of the measure. The total fiscal expenditure of the measure is estimated at EUR 220,000,000.

25/04/2021

Public loans

Non-financial corporations

Businesses may be granted state aid in the form of repayable advances, which is tax free and shall not be offset against any other debt obligation. Eligible are businesses affected financially by the health crisis in January, February and March 2021, regardless of their legal status including sole proprietorships and non-profit corporations. The eligible businesses should employ from 0 to 1,000 members of staff (the number of staff as of 1 March 2021). The respective businesses should be headquartered or permanently established in Greece and should retain the same number of staff members until 31 August 2021.
The repayable advances cannot be less than EUR 1,000 for businesses which do not employ staff, EUR 2,000 for businesses which employ from 1 to 5 members of staff, EUR 4,000 for businesses which employ from 6 to 20 members of staff, EUR 8,000 for businesses which employ more than 20 members of staff (the number of staff as of 1 March 2021). Similarly for the following industries, the maximum amount may not exceed EUR 270,000 for each fishing and aquaculture business, EUR 225,000 for each agriculture business and EUR 100,000 for each road transport services of freight business. Finally, the maximum amount may not exceed EUR 1,800,000 and EUR 200,000 for businesses that receive the repayable advances under the temporary framework and the de minimis Regulation, respectively.

A grace period is provided until 30th June 2022; after its expiration, the state aid should be returned in ninety-six (96) equal installments.
The benefited businesses will return a decreased amount of the state aid depending on the magnitude of their gross revenues' reduction, as long as they have maintained the same number of staff (as of 1 March 2021).
- For businesses that have started their operations before January 1, 2019 and had reported positive gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 70% in 2020 (compared to 2019) and loss before tax;
o They should return only the 33.3% of the state aid, if they reported reduced gross revenues between 30% and 70% in 2020 (compared to 2019) and loss before tax;
o All other businesses should return the 50% of the state aid.
- For newly founded business that have started their operations after January 1, 2019 or had reported zero gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 30% in 2020 (compared to 2019, and if they had reported positive gross revenues in 2019) and loss before tax;
o All other businesses should return the 33.3% of the state aid.
In view of the above, the businesses have the possibility to benefit from an additional discount of 15%, if they return the corresponding amounts until 29th July 2022.
The state aid is granted to support the economy during the current outbreak of the diseases and is subject to approval by the Commission, as provided in the Commission Communication C (2020) 1863 / 19.3.2020 “Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak” and Commission Regulation 1407/18.12.2013 “on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid”. The total fiscal expenditure amounts to EUR 1 billion from the regular budget.

26/04/2021

Tax deferrals

Households

The payment of settled tax debts (which were initially due on 30.04.2021) may be deferred at the end of the existing installment payment schedule. Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses.

27/04/2021

Tax deferrals

Non-financial corporations

The payment of installments of settled tax debts (which were initially due until 30.04.2021) and every subsequent installment may be deferred by one month, without imposing any interest or surcharge. Employers are obligated to retain the same number of employees after the termination of the measure. Eligible for this measure are businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by their business activity code.

29/04/2021

Direct grants

Non-financial corporations

Movie theaters will be financially supported for missing ticket seats (EUR 4 per seat, at the 20% or at the 10% of the theater capacity for businesses lock-downed by the government, 40 performances per month at maximum). In addition, film distribution companies will receive financial aid to cover the 40% of the difference of their reduced turnover of 2020 compared to 2019. Eligible businesses should present a reduced turnover by more than 20% from March to September 2020 compared to the same period in 2019.
The maximum amount may not exceed EUR 1,800,000 and EUR 200,000 for businesses that receive the financial support under the temporary framework and the de minimis Regulation, respectively. The benefitted businesses should retain the same number of employees (as of 6/11/2020 and for one month after their reopening). The total fiscal expenditure of the measure will cover the period Q4 2020 and is estimated at EUR 8 million.

14/05/2021

Direct grants

Households

Private sector employees are eligible to receive the monthly financial support of EUR 534 if their employment contracts are suspended in May 2021 (EUR 534 correspond to 30 days of suspension and is adjusted proportionally to the suspension days). The financial support is tax free and shall not be offset against any other debt obligation.
Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses. Employers are obligated to retain the same number of employees after the termination of the measure. The total fiscal expenditure of the measure is estimated at EUR 130,000,000.

18/05/2021

Direct grants

Non-financial corporations

Businesses may be granted state aid in the form of increased special purpose compensation, which is tax free and shall not be offset against any other debt obligation. Eligible are businesses either locked-down by the government or financially affected by the COVID-19 health crisis in April 2021, regardless of their legal status including sole proprietorships and non-profit corporations. The eligible businesses should employ less than 50 members of staff (the number of staff as of 1 April 2021). The respective businesses should be headquartered or permanently established in Greece.
The special purpose compensation should be 1,000 for businesses which employ from 0 to 5 members of staff, EUR 2,000 for businesses which employ from 6 to 20 members of staff, EUR 4,000 for businesses which employ from 21 to 49 members of staff (the respective amounts are limited to half for a specific region).

The state aid is granted to support the economy during the current outbreak of the diseases and is subject to approval by the Commission, as provided in the Commission Communication C (2020) 1863 / 19.3.2020 “Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak”. The total fiscal expenditure amounts to EUR 130,000,000 from the regular budget.

20/05/2021

Tax deferrals

Households

The payment of settled tax debts (which were initially due on 31.05.2021) may be deferred at the end of the existing installment payment schedule. Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses.

20/05/2021

Tax deferrals

Non-financial corporations

The payment of installments of settled tax debts (which were initially due until 31.05.2021) and every subsequent installment may be deferred by one month, without imposing any interest or surcharge. Employers are obligated to retain the same number of employees after the termination of the measure. Eligible for this measure are businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by their business activity code.

26/05/2021

Private moratoria

Non-financial corporations

From 01/05/2021 until 31/10/2021, businesses affected by the health crisis will have the option to defer the payment of securities (bills of exchange, cheques). The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis). The respective businesses should present a reduced turnover by more than 40% in Q4 2020 compared to Q4 2019.

26/05/2021

Direct grants

Households

Businesses lock-downed by the government are exempt from the obligation to pay rents for April 2021. Individuals who will not receive these rents will be deposited in their banking accounts the 80% of the rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

26/05/2021

Direct grants

Non-financial corporations

Businesses lock-downed by the government are exempt from the obligation to pay rents for April 2021. Legal entities who will not receive these rents will be deposited in their banking accounts the 60% of the rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

26/05/2021

Direct grants

Households

Individuals who will receive reduced rents by 40% for April 2021, as part of the fiscal measures introduced for the relief of the economic consequences of the COVID-19 pandemic, will be deposited in their banking accounts the 20% of the initial rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

28/05/2021

Direct grants

Non-financial corporations

Payment arrangements for social security contributions payable by 31/05/2021 will be extended by one month, as well as the deadlines for all subsequent monthly installments, without imposing any interest or surcharge. This measure applies only to businesses which will retain the overall size of their workforce.

29/05/2021

Direct grants

Non-financial corporations

Businesses materially affected by the COVID-19 health crisis may be granted aid for fixed business expenses, for the period from 2020 to 2022. The aid should be granted in the form of discount for the payment of current tax debts and in the form of credit for the payment of social security contributions, payable from 1 July 2021 until 30 June 2022. Eligible are businesses headquartered or permanently established in Greece regardless of their legal status, including sole proprietorships and non-profit corporations.
The eligible businesses should employ at least one member of staff with full-time contract or two members of staff with part-time contracts (the number of staff as of 1 August 2020 or 28 October 2020 or 1 May 2021). The benefitted businesses are obligated to preserve the same number of staff members by the end of 2021 (the number of staff as of 1 May 2021).

The state aid is granted to support the economy during the current outbreak of the pandemic and is subject to approval by the Commission, as provided in the Commission Communication C (2020) 1863 / 19.3.2020 “Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak”. The total fiscal expenditure amounts to EUR 500,000,000 from the regular budget.

30/06/2021

Direct grants

Households

Businesses lock-downed by the government or materially affected by the health crisis are exempt from the obligation to pay rents for May 2021. Individuals who will not receive these rents will be deposited in their banking accounts the 80% of the rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

30/06/2021

Direct grants

Non-financial corporations

Businesses lock-downed by the government or materially affected by the health crisis are exempt from the obligation to pay rents for May 2021. Legal entities who will not receive these rents will be deposited in their banking accounts the 60% of the rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

30/06/2021

Direct grants

Households

Individuals who will receive reduced rents by 40% for May 2021, as part of the fiscal measures introduced for the relief of the economic consequences of the COVID-19 pandemic, will be deposited in their banking accounts the 20% of the initial rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

30/06/2021

Direct grants

Non-financial corporations

Payment arrangements for social security contributions payable by 30/06/2021 will be extended by one month, as well as the deadlines for all subsequent monthly installments, without imposing any interest or surcharge. This measure applies only to businesses which will retain the overall size of their workforce.

06/07/2021

Direct grants

Households

Private sector employees are eligible to receive the monthly financial support of EUR 534 if their employment contracts are suspended in June 2021 (EUR 534 correspond to 30 days of suspension and is adjusted proportionally to the suspension days). The financial support is tax free and shall not be offset against any other debt obligation.
Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses. Employers are obligated to retain the same number of employees after the termination of the measure. The total fiscal expenditure of the measure is estimated at EUR 55,000,000.

06/07/2021

Direct grants

Households

Private sector employees are eligible to receive the monthly financial support of EUR 534 if their employment contracts are suspended in July 2021 (EUR 534 correspond to 30 days of suspension and is adjusted proportionally to the suspension days). The financial support is tax free and shall not be offset against any other debt obligation.
Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses. Employers are obligated to retain the same number of employees after the termination of the measure. The total fiscal expenditure of the measure is estimated at EUR 25,000,000.

31/07/2020

Direct grants

Households

The Greek Government contributes to the payment of any kind of loan installments, if the loan is secured by the main residence of the borrower. Benefitted individuals or legal entities should have been proven affected financially by the COVID-19 health crisis. The borrower should have not been included in a previous loan settlement arrangement.
The maximum period of state contribution should not exceed twelve months. Benefitted borrowers should pay the remaining part of the loan installment on time, if the remaining part is more than EUR 150. For borrowers that fail to meet their loan obligations after the state contribution, then the payment of state contributions is interrupted and they have to return them in full, with the corresponding interest rate.

State contribution
For performing loans or at delay of up to 90 days as of 29.02.2020: 90%, 80%, 70% and 40% of the loan installment for the first three months, the next three months, the other three months and the last three months, respectively. The maximum amount should not exceed EUR 600 for each loan installment.
For non-performing loans at delay of more than 90 days as of 29.02.2020: 80%, 70% , 60% and 35% of the loan installment for the first three months, the next three months, the other three months and the last three months, respectively. The maximum amount should not exceed EUR 500 for each loan installment.
For denounced loans as of 29.02.2020: 60%, 50% , 30% and 20% of the loan installment for the first three months, the next three months, the other three months and the last three months, respectively. The maximum amount should not exceed EUR 300 for each loan installment.

Eligibility criteria
For performing loans or at delay of up to 90 days as of 29.02.2020: the value of the main residence should not exceed EUR 300.000 and the family income should not exceed EUR 24.000 for single persons, EUR 42.000 for married couples, EUR 47.000 for families with one child, 52.000 for families with two children and up to EUR 57.000 for families with three or more children. Deposits and other investment products should not exceed EUR 40.000 in Greece or abroad. The total value of real estate properties should not exceed EUR 600.000 (including the main residence) and of vehicles EUR 80.000 (for vehicles that have been owned the last three years for private use). The value of the outstanding debts should not exceed EUR 300.000.
For non-performing loans at delay of more than 90 days as of 29.02.2020: the value of the main residence should not exceed EUR 250.000 and the family income should not exceed EUR 17.000 for single persons, EUR 30.000 for married couples, EUR 35.000 for families with one child, 40.000 for families with two children and up to EUR 45.000 for families with three or more children. Deposits and other investment products should not exceed EUR 25.000 in Greece or abroad. The total value of real estate properties should not exceed EUR 500.000 (including the main residence) and of vehicles EUR 80.000 (for vehicles that have been owned the last three years for private use). The value of the outstanding debts should not exceed EUR 250.000.
For denounced loans as of 29.02.2020: the value of the main residence should not exceed EUR 200.000 and the family income should not exceed EUR 12.500 for single persons, EUR 21.000 for married couples, EUR 26.000 for families with one child, 31.000 for families with two children and up to EUR 36.000 for families with three or more children. Deposits and other investment products should not exceed EUR 15.000 in Greece or abroad. The total value of real estate properties should not exceed EUR 280.000 (including the main residence) and of vehicles EUR 80.000 (for vehicles that have been owned the last three years for private use). The value of the outstanding debts should not exceed EUR 130.000.
For guarantors: the personal income should not exceed EUR 12.500, the total value of real estate properties should not exceed EUR 280.000 and should have also been impacted financial by the health crisis.

31/07/2020

Direct grants

Non-financial corporations

The social security contributions of businesses operating in the tertiary sector (including air and sea transportation) which generate 50% of their annual income in the third quarter (based on 2019 figures) will be covered by the state budget for the time period from 01/07/2020 to 31/03/2021. Businesses should retain the overall size of their workforce as of 30/06/2020.

31/07/2020

Direct grants

Households

Employees in the tourist industry and passenger transport (by air, sea and earth) are eligible to receive monthly financial support of EUR 534, if their employment contracts are suspended in the period from August to September 2020. The employers are obligated to retain the same number of employees for a period of 30 days after the termination of the measure.

24/08/2020

Tax reliefs

Households

Individuals who received reduced rents by at least 40% for their rented properties are entitled to a discount on taxes, which should be equal to 20% of the remaining part of 60% of the rents received. The amount of the discount reduces tax obligations for incomes derived from 01/01/2020, with a payment deadline from 31/07/2020 onwards, in the following order: i) personal income tax; special solidarity levy; business tax and luxury living tax ii) property tax iii) VAT and iv) any other tax or levy excluding tax obligations from previous tax arrangements.

07/09/2020

Direct grants

Households

Private sector employees are eligible to receive monthly financial support of EUR 534 if they work in businesses lock-downed by the government, for the period from August to September 2020. The financial support is tax free and shall not be offset against any other debt obligation. Employers are obligated to retain the same number of employees after the termination of the measure.

15/09/2020

Tax reliefs

Households

Individuals, who received reduced rents by at least 30% for their rented properties after an optional agreement for the period September - December 2020, are entitled to a discount on taxes, which should be equal to 20% of the remaining part of the rents received. The amount of the discount reduces tax obligations for incomes derived from 30/05/2020, with a payment deadline from 31/07/2020 onwards, in the following order: i) personal income tax; special solidarity levy; business tax and luxury living tax ii) property tax iii) VAT and iv) any other tax or levy excluding tax obligations from previous tax arrangements.

15/09/2020

Direct grants

Households

Employees in the tourist industry, restaurants, air and sea transportation, earth transportation of passengers, culture, sports and any other industry that is financially affected by COVID-19, are eligible to receive monthly financial support, if their employment contracts are suspended in October 2020 for up to 30 days. The financial support of EUR 534 corresponds to 30 days of suspension and is adjusted proportionally. The State Budget will cover the social security contributions that correspond to the suspension days. The financial support is tax free and shall not be offset against any other debt obligation. Employers are obligated to retain the same number of employees for a period of 30 days after the termination of the measure.

15/09/2020

Direct grants

Households

Individuals who work as tour guides, tourist escorts, or as artists in the arts and culture industry are eligible to receive monthly financial support of EUR 534, for the period from September to October 2020. The State Budget will also cover the social security contributions. The financial support is tax free and shall not be offset against any other debt obligation.

15/09/2020

Direct grants

Households

In cases of vulnerable employees where is not possible for them to provide remote work or to work without being in contact with the public, then the employer should suspend their employment contracts in order to protect their health. These employees are eligible to receive the financial support of EUR 534 that correspond to 30 days of suspension and is adjusted proportionally for the period from 22/08/2020 to 31/12/2020. The State Budget will also cover the social security contributions calculated on nominal wages that correspond to the suspension days. The financial support is tax free and shall not be offset against any other debt obligation.

15/09/2020

Direct grants

Households

Employees are eligible to receive the Christmas holiday allowance that corresponds to the employment period from 01/05/2020 until 31/12/2020, which is paid by the employer. The remaining part of the Christmas holiday allowance, that corresponds to the days under suspension of the employment contract, will be paid by the State Budget computed on the basis of EUR 534 financial support.

15/09/2020

Direct grants

Households

Sailors are eligible to receive financial support if their employment contracts are suspended for up to 30 days, in the period from May 2020 to October 2020. The financial support of EUR 534 corresponds to 30 days of suspension and is adjusted proportionally. The State Budget will cover the social security contributions that correspond to the suspension days based on the collective labor agreement. The financial support is tax free and shall not be offset against any other debt obligation. Ship-owners are obligated to retain the required number of sailors in accordance with existing legislation.

30/09/2020

Direct grants

Non-financial corporations

The Greek Government decided to suspend social security contributions of February, March and April 2020, for businesses affected by the COVID-19 health crisis. These contributions which were initially due on 31/03/2020, 30/04/2020 and 31/05/2020 are further extended and therefore could be paid until 30/04/2021, without imposing any interest or surcharge. This measure applies only to businesses which will retain the overall size of their workforce.

30/09/2020

Direct grants

Households

Freelancers and sole proprietors may suspend the payment of social security contributions from February to May 2020, if they have been affected financially by the COVID-19 health crisis. These contributions which were initially due on 31/03/2020, 30/04/2020, 31/05/2020 and 30/06/2020, respectively, are further extended and therefore could be paid until 30/04/2021. The measure also applies for supplementary settlements of previous years for social security contributions, which have also been postponed.

11/10/2020

Public loans

Non-financial corporations

Businesses may be granted state aid in the form of repayable advances, which is tax free and shall not be offset against any other debt obligation. Eligible are businesses affected financially by the health crisis from March to August 2020, regardless of their legal status including non-profit corporations. The eligible businesses should employ from 0 to 1,000 members of staff (the number of staff as of 1 August 2020), except sole proprietorships which should employ at least 1 member of staff (excluding some sole proprietorships which are eligible even without employing any member of staff). The respective businesses should be headquartered or permanently established in Greece and should retain the same number of staff members until 31 December 2020.
The repayable advances cannot be less than EUR 2,000 for businesses which do not employ staff, EUR 4,000 for businesses which employ from 1 to 5 members of staff, EUR 8,000 for businesses which employ from 6 to 20 members of staff, EUR 15,000 for businesses which employ from 21 to 50 members of staff and EUR 30,000 for businesses which employ more than 50 members of staff (the number of staff as of 1 August 2020). The maximum amount of the repayable advances may not exceed EUR 350,000 for each business which employ up to 250 members of staff and EUR 500,000 for each business which employ more than 250 members of staff. Similarly for the following industries, the maximum amount may not exceed EUR 120,000 for each fishing and aquaculture business and EUR 100,000 for each agriculture and road transport services of freight business. Finally, the maximum amount may not exceed EUR 800,000 and EUR 200,000 for businesses that receive the repayable advances under the temporary framework and the de minimis Regulation, respectively.

A grace period is provided until 30th June 2022; after its expiration, the state aid should be returned in ninety-six (96) equal installments.
The benefited businesses will return a decreased amount of the state aid depending on the magnitude of their gross revenues' reduction, as long as they have maintained the same number of staff (as of 1 August 2020).
- For businesses that have started their operations before January 1, 2019 and had reported positive gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 70% in 2020 (compared to 2019) and loss before tax;
o They should return only the 33.3% of the state aid, if they reported reduced gross revenues between 30% and 70% in 2020 (compared to 2019) and loss before tax;
o All other businesses should return the 50% of the state aid.
- For newly founded business that have started their operations after January 1, 2019 or had reported zero gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 30% in 2020 (compared to 2019, and if they had reported positive gross revenues in 2019) and loss before tax;
o All other businesses should return the 33.3% of the state aid.
In view of the above, the businesses have the possibility to benefit from an additional discount of 15%, if they return the corresponding amounts until 29th July 2022.
The state aid is granted to support the economy during the current outbreak of the diseases and is subject to approval by the Commission, as provided in the Commission Communication C (2020) 1863 / 19.3.2020 “Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak” and Commission Regulation 1407/18.12.2013 “on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid”. The total fiscal expenditure amounts to EUR 1,500 billion from the regular budget.

27/10/2020

Tax deferrals

Non-financial corporations

Businesses affected by the COVID-19 health crisis may suspend VAT payments until 30/04/2021, which were initially due from 01/10/2020 until 30/10/2020, without imposing any interest or surcharge. The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis).

14/11/2020

Public loans

Non-financial corporations

Businesses may be granted state aid in the form of repayable advances, which is tax free and shall not be offset against any other debt obligation. Eligible are businesses affected financially by the health crisis from September to October 2020, regardless of their legal status including sole proprietorships and non-profit corporations. The eligible businesses should employ from 0 to 1,000 members of staff (the number of staff as of 1 September 2020). The respective businesses should be headquartered or permanently established in Greece and should retain the same number of staff members until 31 March 2021.
The repayable advances cannot be less than EUR 2,000 for businesses which do not employ staff, EUR 4,000 for businesses which employ from 1 to 5 members of staff, EUR 8,000 for businesses which employ from 6 to 20 members of staff, EUR 15,000 for businesses which employ from 21 to 50 members of staff and EUR 30,000 for businesses which employ more than 50 members of staff (the number of staff as of 1 September 2020). The maximum amount of the repayable advances may not exceed EUR 350,000 for each business which employ up to 250 members of staff and EUR 500,000 for each business which employ more than 250 members of staff. Similarly for the following industries, the maximum amount may not exceed EUR 120,000 for each fishing and aquaculture business, EUR 100,000 for each agriculture business (in some cases the amount is limited to EUR 20,000) and EUR 100,000 for each road transport services of freight business. Finally, the maximum amount may not exceed EUR 800,000 and EUR 200,000 for businesses that receive the repayable advances under the temporary framework and the de minimis Regulation, respectively.

A grace period is provided until 30th June 2022; after its expiration, the state aid should be returned in ninety-six (96) equal installments.
The benefited businesses will return a decreased amount of the state aid depending on the magnitude of their gross revenues' reduction, as long as they have maintained the same number of staff (as of 1 September 2020).
- For businesses that have started their operations before January 1, 2019 and had reported positive gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 70% in 2020 (compared to 2019) and loss before tax;
o They should return only the 33.3% of the state aid, if they reported reduced gross revenues between 30% and 70% in 2020 (compared to 2019) and loss before tax;
o All other businesses should return the 50% of the state aid.
- For newly founded business that have started their operations after January 1, 2019 or had reported zero gross revenues in 2019:
o They should return only the 25% of the state aid, if they reported reduced gross revenues by more than 30% in 2020 (compared to 2019, and if they had reported positive gross revenues in 2019) and loss before tax;
o All other businesses should return the 33.3% of the state aid.
In view of the above, the businesses have the possibility to benefit from an additional discount of 15%, if they return the corresponding amounts until 29th July 2022.
The state aid is granted to support the economy during the current outbreak of the diseases and is subject to approval by the Commission, as provided in the Commission Communication C (2020) 1863 / 19.3.2020 “Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak” and Commission Regulation 1407/18.12.2013 “on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid”. The total fiscal expenditure amounts to EUR 2,200 billion from the regular budget.

16/11/2020

Direct grants

Households

Unemployment allowances which expired or would expire from September to December 2020 will be extended by 2 months.

16/11/2020

Direct grants

Households

Employees in the tourist industry (tourist accommodations, busses) are eligible to receive the monthly financial support of EUR 534 for October 2020, if their employment contracts were suspended in the period from June to September 2020 and had already received the same monthly financial support for the period under suspension (a part or all of the four months). The total fiscal expenditure of the measure is estimated at EUR 19.124.088.

25/11/2020

Tax deferrals

Households

The payment of settled tax debts (which were initially due on 30.11.2020) may be deferred at the end of the existing installment payment schedule. Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses.

25/11/2020

Tax deferrals

Non-financial corporations

The payment of settled tax debts (which were initially due on 30.11.2020) may be deferred at the end of the existing installment payment schedule. The payment of installments of other settled tax debts (which were initially due until 02.12.2020) and every subsequent installment may be deferred by one month, without imposing any interest or surcharge. Employers are obligated to retain the same number of employees after the termination of the measure. Eligible for this measure are businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by their business activity code.

25/11/2020

Tax deferrals

Non-financial corporations

Businesses affected by the COVID-19 health crisis may suspend VAT payments until 30/04/2021, which were initially due from 01/11/2020 until 30/11/2020, without imposing any interest or surcharge. The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis).

25/11/2020

Direct grants

Households

Private sector employees are eligible to receive the monthly financial support of EUR 800 if their employment contracts are suspended in November 2020 (EUR 800 correspond to 30 days of suspension and is adjusted proportionally to the suspension days). The financial support is tax free and shall not be offset against any other debt obligation.
Eligible for this measure are employees working at businesses either locked-down by the government or financially affected by the COVID-19 health crisis, identified by the activity code of the respective businesses. Employers are obligated to retain the same number of employees after the termination of the measure. The total fiscal expenditure of the measure is estimated at EUR 880,000,000.

30/06/2021

Direct grants

Households

Businesses lock-downed by the government or materially affected by the health crisis are exempt from the obligation to pay rents for June and July 2021. Individuals who will not receive these rents will be deposited in their banking accounts the 80% of the rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

30/06/2021

Direct grants

Non-financial corporations

Businesses lock-downed by the government or materially affected by the health crisis are exempt from the obligation to pay rents for June and July 2021. Legal entities who will not receive these rents will be deposited in their banking accounts the 60% of the rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

30/06/2021

Direct grants

Households

Individuals who will receive reduced rents by 40% for June and July 2021, as part of the fiscal measures introduced for the relief of the economic consequences of the COVID-19 pandemic, will be deposited in their banking accounts the 20% of the initial rents. The deposited amounts will be tax free and shall not be offset against any other debt obligation.

10/08/2021

Tax deferrals

Households

Natural persons financially affected by the imposition of restrictive measures due to the covid-19 pandemic, are eligible to apply for restructuring of outstanding tax debts incurred from March 2020 to July 2021. The payment of outstanding tax debts may be rearranged in 36 (interest-free) or 72 monthly installments (interest bearing 2.5%). The minimum amount of each monthly installment will be 30 euros for amounts up to 1,000 euros and 50 euros for amounts over 1,000 euros. The arrangement will be cancelled if the taxpayer fails to pay on time two consecutive monthly installments. Delayed payments will be increased by 5%.

10/08/2021

Tax deferrals

Non-financial corporations

Legal persons financially affected by the imposition of restrictive measures due to the covid-19 pandemic, are eligible to apply for restructuring of outstanding tax debts incurred from March 2020 to July 2021. The payment of outstanding tax debts may be rearranged in 36 (interest-free) or 72 monthly installments (interest bearing 2.5%). The minimum amount of each monthly installment will be 30 euros for amounts up to 1,000 euros and 50 euros for amounts over 1,000 euros. The arrangement will be cancelled if the legal person fails to pay on time two consecutive monthly installments. Delayed payments will be increased by 5%.

05/10/2021

Direct grants

Households

Private sector employees are eligible to receive the monthly financial support of EUR 534 if their employment contracts are suspended in September 2021 (EUR 534 correspond to 30 days of suspension and is adjusted proportionally to the suspension days). The financial support is tax free and shall not be offset against any other debt obligation.
Eligible for this measure are employees working at businesses locked-down by the government, identified by the activity code of the respective businesses. Employers are obligated to retain the same number of employees after the termination of the measure. The total fiscal expenditure of the measure is estimated at EUR 2,000,000.

09/12/2021

Direct grants

All sectors

Businesses materially affected by the COVID-19 health crisis and the fires broke out during August 2021 may be granted state aid. The state aid covers the period from July to September 2021, is tax-free and shall not be offset against any other debt obligation.
Eligible are businesses headquartered or permanently established in a specific location in the region of Central Greece regardless of their legal status, including sole proprietorships and non-profit corporations. The eligible businesses should not employ more than 1,000 members of staff (the number of staff as of 1 July 2021). The state aid cannot be less than EUR 1,000 and the maximum amount may not exceed EUR 200,000 for each benefitted business.

The state aid is granted to support businesses during the current outbreak of the pandemic and is subject to approval by the Commission, as provided in the Commission Communication C (2020) 1863 / 19.3.2020 “Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak”. The total fiscal expenditure amounts to EUR 11,500,000 from the regular budget.

31/12/2021

Direct grants

Households

Private sector employees are eligible to receive the monthly financial support of EUR 534 if their employment contracts are suspended in January 2022 (EUR 534 correspond to 30 days of suspension and is adjusted proportionally to the suspension days). The financial support is tax free and shall not be offset against any other debt obligation.
Eligible for this measure are employees working at businesses imposed operational restrictions by the government, identified by the activity code of the respective businesses. Employers are obligated to retain the same number of employees after the termination of the measure. The total fiscal expenditure of the measure is estimated at EUR 10,000,000.

17/03/2020

Short selling ban

Securities and markets

The Board of Directors of the Hellenic Capital Market Commission (HCM) decided to prohibit short sales and transactions other than short sales, which create or increase the net short positions in shares admitted to trading on the regulated market of the Athens Stock Exchange, irrespective of the venue where the transaction is executed. The prudential measure also includes sales of shares covered by subsequent intraday purchases and all related instruments relevant for the calculation of the net short position.
It is clarified that the aforementioned prohibition shall not apply to market makers performing market making activities and specifically to: (a) Market Makers performing transactions on the above shares, (b) Market Makers performing transactions on the stock derivatives of the above shares, (c) Market Makers performing transactions on warrants of the above shares. (d) Market Makers performing transactions on ETFs and Index derivatives of which the above shares are part of their composition. All the above exemptions referred to market making activities permitted only when the short selling transactions are conducted for hedging purposes.

The measure was in force from 18/03/2020 until 18/05/2020.

20/03/2020

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 40% for the payments of March to June 2020, for businesses lock-downed by the government. For businesses affected financially by the COVID-19 health crisis, the same measure applies for the leases of April to September 2020 (businesses are identified by their business activity code, either closed based on government order or materially affected by the crisis).

20/03/2020

Other measure

Households

Leases of main residences will be reduced by 40% for employees under suspension of their employment contracts, for the months from March to September 2020. The same discount is also valid for the leases of student residences, if the parents are under suspension of their employment contracts, for the months from April to September 2020 (businesses are identified by their business activity code, either closed based on government order or materially affected by the crisis).

11/03/2020

Other labour market measure

Households

A special work leave is provided to one of the two employed parents of children up to 15 years of age in the context of the decision of the Government to close down all schools in Greece. For every four days of paid leave taken, 1 day will be subtracted from regular leave, while the other 3 days will be regarded as special work leave and will be subsidized partially from the State. Specifically, the State will cover the 1/3 of the cost of the special purpose leave.

30/03/2020

Other labour market measure

Households

The health care and civil protection staff will be granted a special bonus equal to half of monthly basic payroll. This special bonus shall not be offset against any other debt obligation.

30/03/2020

Other labour market measure

Non-financial corporations

Businesses who are affected financially by the COVID-19 health crisis may delay the payment of Easter holiday allowances until 30/06.2020. For employees whose contracts are suspended and are eligible of the EUR 800 special purpose compenation, part of the Easter holiday allowances will be paid by the state budget, depending on the duration of contract suspension. The remaining part will be paid by the employer. The businesses eligible for this measure are identified based on their businesses activity code (either closed based on government order or materially affected by the crisis).

01/05/2020

Private moratoria

Households

The pre-existing framework for the protection of main residence for over-indebted natural persons is extended from the previous deadline of 30 April 2020 to 31 July 2020.

30/05/2020

Private moratoria

Non-financial corporations

Leasing contracts can be restructured in such a manner so that the 40% of payable amounts to be extended in up to 12 monthly installments for real estate and six monthly installments for movables. This measure applies to businesses lock-downed by the government and is valid for the financial obligations of March, April and May 2020. For businesses affected financially by the COVID-19 health crisis, the same measure applies only for April and May 2020 (businesses are identified by their business activity code, either closed based on government order or materially affected by the crisis).

17/12/2020

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 40% for the payments of December 2020, for businesses either lock-downed by the government or financially affected by the COVID-19 health crisis (businesses are identified by their business activity code).

05/02/2021

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 40% for the payments of January and February 2021, for businesses financially affected by the COVID-19 health crisis (businesses are identified by their business activity code).

24/03/2021

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 100% (total exemption) for the payments of January to March 2021, for businesses either lock-downed by the government or materially financially affected by the COVID-19 health crisis (businesses are identified by their business activity code).

24/03/2021

Other measure

Households

Leases of main residences will be reduced by 40% for employees under suspension of their employment contracts, for the months from October 2020 to March 2021. The same discount is also valid for the leases of student residences, if the parents are under suspension of their employment contracts, for the months from October 2020 to March 2021 (businesses are identified by their business activity code, either closed based on government order or materially affected by the crisis).

24/03/2021

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 40% for the payments of March 2021, for businesses financially affected by the COVID-19 health crisis (businesses are identified by their business activity code).

28/04/2021

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 100% (total exemption) for the payments of April 2021, for businesses lock-downed by the government (businesses are identified by their business activity code).

28/04/2021

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 40% for the payments of April 2021, for businesses financially affected by the COVID-19 health crisis (businesses are identified by their business activity code).

25/05/2021

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 100% (total exemption) for the payments of May 2021, for businesses either lock-downed by the government or materially financially affected by the COVID-19 health crisis (businesses are identified by their business activity code).

25/06/2021

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 40% for the payments of June 2021, for businesses financially affected by the COVID-19 health crisis (businesses are identified by their business activity code).

25/06/2021

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 100% (total exemption) for the payments of June 2021, for businesses either lock-downed by the government or materially financially affected by the COVID-19 health crisis (businesses are identified by their business activity code).

15/09/2020

Other measure

Non-financial corporations

Commercial rent leases may be reduced by at least 30% for the payments of September to December 2020, for businesses affected financially by the COVID-19 health crisis (businesses are identified by their business activity code). The above reduction is optional requires the agreement of both real estate owners and lessees.

15/09/2020

Other measure

Households

Leases of main residences may be reduced by at least 30% for employees working at businesses affected financially by the COVID-19 health crisis, for the months from September to December 2020. The same discount is also valid for the leases of student residences, if the parents are employees working for the respective businesses (businesses are identified by their business activity code). The above reductions are optional and require the agreement of both residential owners and lessees.

15/09/2020

Other labour market measure

Households

A special work leave is provided for parents whose children will be affected by COVID-19, for ages up to 18 years old or over, regarding individuals with special disabilities. The special leave may last for 14 days or even more if this is properly justified. The employer will cover the 2/3 of the cost of the special purpose leave and the remaining 1/3 will be covered by the State Budget.

15/09/2020

Other labour market measure

Households

Especially for the year 2020, employees in the tourist industry and restaurants are eligible to receive the unemployment allowance for seasonal workers, if they collect 50 social security stamps instead of the limit of 100, as was previously in force.

24/11/2020

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 40% for the payments of November 2020, for businesses either lock-downed by the government or financially affected by the COVID-19 health crisis (businesses are identified by their business activity code).

21/07/2021

Other measure

Non-financial corporations

Commercial rent leases will be reduced by 100% (total exemption) for the payments of July 2021, for businesses either lock-downed by the government or materially financially affected by the COVID-19 health crisis (businesses are identified by their business activity code).

29/11/2021

O-SII

Banking sector

The O-SII buffer is set at 0.75% for 2022 (from 0.5%). The buffers will be fully implemented on 1 January 2023, in accordance with the phase-in schedule (applicable to 4 banks identified as O-SIIs.

20/07/2020

O-SII

Banking sector

Postponement of the phase-in schedule for the full implementation of the O-SII buffer by 1 year (applicable to 4 banks).