The interest rate is Euribor 3M limited to zero, in case of a negative price, plus a margin (exemption from the contribution of Law 128/75).

Eligible for EIB financing are those enterprises that meet the following cumulative criteria:

• Τhey are based, operate, and will invest within the Greek territory.
• They are not active in non-eligible sectors, as described in detail below as "non-eligible enterprises"

and

• Either they are small and medium-sized enterprises and employ fewer than 250 workers, measured in annual work units (AWU).

• Either they are MidCaps that employ between 250 and 3,000 employees, measured in annual work units (AWU).

Ineligible businesses and financing activities are: 

The enterprises’ eligibility is determined according to the economic activity codes in the EU (NACE), as provided by the EIB to NBG.

Irrespective of the eligibility of the economic activity code (NACE) relating to the main activity, any interested enterprise involved in any of the following activities is not eligible for EIB financing:

•  activities related to the production or trafficking of arms and ammunition, explosives, equipment or infrastructure intended for military or police use and equipment or infrastructure which have as their effect the restriction of individual rights and freedom or the violation of human rights,
• activities that may lead to environmental impacts that cannot be largely mitigated or compensated for (including but not limited to, for example, projects in protected areas, critical habitats, and cultural heritage sites),
• activities which may be considered ethically or morally controversial or which are contrary to or prohibited by provisions of national law, e.g. animal testing and research on the cloning of human beings,
• activities prohibited by national legislation (where legislation exists) e.g. genetic modification, abortion clinics, nuclear power, etc.

In addition, and irrespective of the main activity of the undertaking concerned, any income from the following activities must not exceed 10% of the annual income of the undertaking concerned:

• activities aimed at producing or facilitating the use of games of chance and related equipment
• activities aimed at tobacco production, processing, or specialized distribution of tobacco and activities facilitating the use of tobacco (e.g. smoking rooms).

Apart from the above exceptions relating to exempted sectors or activities, financial holding companies whose sole economic activity is to own and manage portfolios of equity holdings and/or investments in other companies are not eligible.

Investments and expenditure that may be inserted in the Investment Plan include:

• Purchase, renewal, extension of tangible assets, including land only if technically necessary for the investment, up to 10% of the amount of financing. The purchase of agricultural land is not included.
• Investment in intangible assets, i.e:
  

1. RDI costs (including gross salaries of personnel directly related to the research, development, and innovation elements of the company's activities and costs of developing concessions, patents, licenses, trademarks, and similar rights and assets),
2. the purchase of software licenses and other rights and assets with inherent productive capacity,
3. . purchase of other intangible assets such as licenses to use non-produced public resources, patents, trademarks, and similar rights and assets up to 10% of the cost of the investment project.

• Generational change (e.g. retirement of the previous owner) or business change related to staff. The funding in these cases is intended to keep the business active, provided however that the buyer and the business being sold are eligible SMEs and the total funding does not exceed €5.000.000 (excluding equity).

The following categories of investments are excluded from the possibility of funding through the Program:

(i) the purchase (or construction or renovation) of real estate for the purpose of selling or renting the building to a third party, except for the construction of social housing, shopping centers, and/or offices for the purpose of renting to a third party,
(ii) consumer spending,
(iii) purely financial transactions that do not involve additional capital expenditure or business activity (such as trading in listed shares, other securities or any other financial product, refinancing of business borrowings, etc.) including changes in ownership (e.g. mergers and acquisitions of a business),
(iv) operations with political or religious content,
(v) investments in the health sector with security units, closed psychiatric and/or penitentiary centers,
(vi) investments in the health sector that do not respect the common values and fundamental principles of EU health policy (sustainable solutions for society based on scientific evidence and equity of access),
(vii) new gas boilers of any capacity, replacement of large gas boilers with a capacity of more than 20 MWth,
(viii) the extraction, processing, transport, and storage of coal,
(ix) oil exploration and production, refining, transportation, distribution, and storage,
(x) natural gas exploration and production, liquefaction, regasification, transportation, distribution, and storage, 
(xi) electricity generation that exceeds the Emission Performance Standard (i.e. 250 grams of CO2e per kWh of electricity), applicable to fossil fuel power plants and cogeneration plants, geothermal and hydroelectric plants with large reservoirs,
(xii) heat generation/supply and combined heat/cooling/heat and power (CCHP, CHP) generation, except for:
(a) the production of heat using renewable fuels or eligible cogeneration,
(b) the replacement of existing small and medium-sized gas boilers with a capacity of up to 20 MWth unless they meet the minimum energy efficiency criteria, defined as boilers with an EU A rating (applicable to <400kWth) or boilers with an efficiency of > 90%,
(c) the rehabilitation or extension of existing district heating networks, which is eligible if there is no increase in CO2 emissions as a result of burning coal, peat, oil, gas, or non-organic waste on an annual basis,
(d) new district heating networks or major extensions of existing district heating networks, which are eligible if the network uses at least 50% renewable energy or 50% waste heat or 75% cogeneration, or 50% combined heat and power,
(xiii) the construction of new buildings and major rehabilitation of existing buildings (more than 25% of the surface area or 25% of the value of the building excluding land) that do not comply with the national energy standards set out in the Energy Performance of Buildings Directive (EPBD, 2018/844/EU). As regards projects related to energy/heat production using biomass, the following biomass sustainability conditions must be met:
(a) the feedstock must be sourced from unpolluted biofuels within the EU or certified for sustainability when sourced from outside the EU, 
(b) Forest raw material shall be certified per international standards for sustainable forest certification, 
(c) the use of palm oil products or raw materials from tropical forests/protected areas is excluded. Protected habitats include Natura 2000 sites designated under EU legislation, habitats recognized under the Ramsar, Bern (Emerald network), and Bonn Conventions, and areas designated or identified for designation as protected areas by national governments.
 
It is clarified that the above requirements for energy/heat/cooling production also apply to mainly non-energy related projects, e.g. a flower production facility.