Suspension of capital and interest installments on loans without interest compounding
Ιn addition to the suspension of capital and interest installments, compounding of interest will not be applied to loans that fall under the provisions of the relevant Decree and for which a suspension will be made upon expression of interest by the beneficiary.
Beneficiaries who are currently fully fulfilling their obligations in loan installments have the right to apply to the bank with which they cooperate until June 30, 2020.

Partial Work Suspension Plan
For the implementation of the Partial Work Suspension Plan in the calculation of the reduction beyond 25% of the company’s turnover, the operations carried out after March 16, 2020, and not from March 1, will be taken into account, as mentioned in the previous plan.

Complete Work Suspension Plan
Companies whose activities are directly related to the activities of companies that are in complete suspension of their work in accordance with the Decrees of the Minister of Health and are subject to a reduction of more than 80% of the company’s turnover, will be included in the plan

Contact Details:
info@pkf-nic.com
Tel No.: +357 22 462727

The authors expressly disclaim all and any liability and responsibility to any person, entity or corporation who acts or fails to act as a consequence of any reliance upon the whole or any part of the contents of this document. Accordingly no person, entity or corporation should act or rely upon any matter or information as contained or implied within this publication without first obtaining advice from an appropriately qualified professional person or firm of advisors

PKF / ATCO Limited is a member firm of the PKF International Limited network of legally independent firms and does not accept any responsibility or liability for the actions or inactions on the part of any other individual member firm or firms. This publication is for information purposes only and should not be considered as professional advice