Banks consider 2023 as the year of small and medium-sized businesses, as they are the ones who will benefit from the programs of the investment incentive law, the new national strategic reference framework of the European Union (known in Greece as of ESPA) and the Recovery and Resilience Fund, which opened its doors to small and medium-sized businesses, offering low-interest loans for the part coming from the FRR, ekathimerini.com reports.
Through the competitiveness program and the two actions for the digital and green transitions, expected at the end of the month, the new ESPA opens the phase of subsidies as well as the chapter of investment incentives and will serve to strengthen the initiatives of investment of SMEs with the aim of adapting them to the new environment of the digital era and green entrepreneurship.
The financial budgets of SME support banks are reinforced by the programs of the Hellenic Development Bank, which are already underway and provide financing on favorable terms, as well as those to be launched by 2023, including the budget total is estimated at 2 billion euros. Based on the design of the new programs of the Hellenic Development Bank, the cost of money will be reduced by at least 40%, while the interest rate will be subsidized during the first years, in the case of projects development investment.
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