The Ministry of Economy has developed a state aid scheme for traders whose activity has been affected by the pandemic. The aid consists of a grant granted by the Government to companies, equal to half the value of the rent they owe to the owner of the commercial space, for three months.
The grants will represent the equivalent of 50% of the value of the rent for February 2020 for a maximum of 3 months (March – June, 2020), granted according to the procedure provided in the emergency ruling, without exceeding 800,000 euros per recipient. The grants are granted on the basis of a financing contract concluded in compliance with the national legal provisions
The estimated number of beneficiaries of state aid has a maximum of 3,000. Funding applications will be submitted through a computer application designed and developed by the Special Telecommunications Service (STS).
