Repayable Advance Scheme (RAS) for Undertakings Under the Temporary Framework for State Aid Measures to Support the Economy in the Current COVID-19 Outbreak (A-B Cycles) [3/5/2020]
The Action includes aid in the form of a repayable advance for private companies, regardless of sector, which have been financially affected by the outbreak and spread of COVID-19 coronavirus disease. The repayable advance is the aid which is granted to companies and is repaid, in whole or in part, under specific terms and conditions.
The aid in the form of a repayable advance is unsecured, tax-free and is not offset against any debt.
The Action is financed by the Public Investment Program, as well as by the regular budget. The amount which EPAnEK received (Refundable Advance Payment A' & B' Cycle) amounted to 900 million euros. The final amount of eligible aid granted for the A' & B' cycle amounted to 873.78 million euros. The Action is co-financed by the European Regional Development Fund (ERDF) of the European Union.
For information regarding the A' & B' Cycle of the Action, the interested parties can contact:
EPAnEK Information Office: 8 Dragatsaniou Street, in the center of Athens.
Opening hours: Monday to Friday from 10.00 am. to 2.00 pm.
Information by calling at 801 11 36 300, from a household line, with a local phone charge, from 9.00 am to 4.30 pm