EVALUATION PROCESS – ELIGIBILITY CRITERIA
The funding request is submitted to a Credit Institution (bank) where its initial eligibility is initially evaluated.
If the eligibility is confirmed, the Credit Institution forwards the Request to an Independent Assessor in accordance with the provisions of the relevant Call of the Deputy Minister of Finance, so that he can carry out a thorough eligibility check of the Funding Request.
At the same time, the Credit Institution conducts an evaluation about whether and to what extent the proposed Investment Plan and its Investment Implementation Agency are eligible for bank financing based on the current credit policy and internal procedures of the Credit Institution, as well as solid financial criteria.
ELIGIBILITY CRITERIA AND LOAN AMOUNT DETERMINATION
The eligibility criteria and the determination of the amount of the loans foreach one of the five pillars of the National Recovery and Resilience Planare defined as follows:
Ia) Green Transition
The investment must contribute tothe green tagging of the National Recovery and Resilience Planby at least 20% of the total budget of the investment plan and there should be available budget for “green transition” investments.
The determination of the amount of the loan is based on the percentage of the investments included in the investment plan which contribute to the green tagging of theNational Recovery and Resilience Plancompared to the total budget of the investment plan.
Ib) Digital transition
The investment must contribute to the digital tagging of the National Recovery and Resilience Plan by at least 10% of the total budget of the investment plan and there should be available budget for “digital transition” investments.
The determination of the amount of the loan is based on the percentage of the investments included in the investment plan which contribute to the digital tagging of the National Recovery and Resilience Plan compared to the total budget of the investment plan.
- II) Innovation
The investment mustcover at least one innovation – research & development indicator and at the same time the minimum budget for innovation – research & development must amount to at least 10% of the total budget of the investment plan.
The determination of the amount of the loan is based on the percentage of the innovation – research & development investments included in the budget of the investment plan.
III) Economies of scale
The eligibility of the investment plan is determined by whether it includes an existing or a new collaboration or provides for a new entity to be formed through acquisition or/and merger.
For existing collaborations the percentage of the loan amounts to 30%of the budget of the investment plan.
For new collaborations / acquisitions / mergers the percentage of the loan amounts to 40% of the budget of the investment plan.
- IV) Extroversion – Export Increase
The eligibility of the investment plans is determined by the fulfillment of at least one of the following criteria:
- The average of an investor’s existing export activity is at least 15% of its turnover.
- The minimum export budget of the investment plan is at least 15% of the projected total revenue of the investment plan (viability study).
- Investment plans for investments in tourism such as tourist accommodation, complex tourist accommodation as well as tourist residence complexes (minimum 5 independent tourist residencies) are eligible.
The amount of the loan is determined based on the minimum average of the investor’s existing export activity as a percentage of turnover (three-year financial data) or the minimum investment budget of the investment plan as a percentage of the projected total income of the investment plan (viability study).
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