Greece announces extension of loan subsidization program until October 2022

TornosNews.gr 25.02.2021 | 21:43
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Greece announces extension of loan subsidization program until October 2022Extension of the "Heracles plan" to reduce NPLs in the country

The Greek government on Friday announced an extension of the "Heracles plan" to reduce NPLs in the country, with the extension lasting until October 2022, naftemporiki.gr reports.

Relevant Finance Minister Christos Staikouras also announced a new program envisioning the subsidization, by the Greek state, of a portion of eligible businesses' bank loans for eight months.

Staikouras, speaking in Parliament, noted the Gefyra (Bridge) II program will provide subsidization of business loans, covering both the capital and interest payments for eight months.

RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Dimboukas

 

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