What we know so far about the Subsidy

The program will finance 100% of the expenses for the creation of an online store and will concern exclusively the retail trade, a sector that is particularly affected during the pandemic.

The Deputy Minister of Development and Investments, Yannis Tsakiris, recalled, as far as services are concerned, the program falls under the action “Competitiveness Toolkit of Small and Very Small Enterprises”, to which applications for funding can be submitted until January 31, 2021.

With the new programme, the maximum grant amount for a retail enterprise for all expenditure will be up to EUR 5 000 and the total allocation for this action will be EUR 80 million. euro, with the possibility of a future increase