Greek Finance Minister Christos Staikouras on Monday announced the incorporation of a series of favorable measures in the “GEFYRA II” program offering a state subsidy to business loans, ANA reports.
In a statement, Staikouras noted the new measures will be particularly beneficial to small- and medium-sized enterprises hit by the coronavirus pandemic as it included interest and capital haircut, lower interest rates, preserving pre-agreed tranche, and extending the repayment period.
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Original article: Greek Finance Ministry offers favorable terms for repayment of SMEs’ loans.