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The Ministry of National Economy and Finance follows a policy of strengthening the country’s tourism product, with the following priorities:
The Action aims to support tourism entrepreneurship by creating new very small, small, and medium-sized enterprises in selected NACE codes within the tourism sector.
Start-up and newly established medium-sized, small, and very small businesses expected to operate in the tourism sector.
Newly established enterprises are defined as those that have not been in continuous operation for 12 months from the date of establishment to the date of announcement of the action.
The eligible activity codes (NACE) will be defined in the Detailed Call for Proposals of the Action.
In the case of an investment in tourist accommodation, it should have specific capacity and specifications as follows:
The subsidized budget for each investment plan ranges from €80,000 to €400,000.
The subsidy will amount to 45% of the submitted expenses.
The subsidy rate may be increased by (a) 10% if the investment is made in remote, fire-affected, flood-prone areas or small islands and (b) an additional 5% with the achievement of at least 0.2 FTE employment target in the first year after the completion of the investment.
The implementation duration of the physical and economic objective of the investment plan is strictly set at 24 months, with no possibility of extension.
The eligible expenditure categories, as well as their maximum limits, will be defined in the Detailed Call for Proposals of the Action.
Funding applications will be submitted electronically only, without the submission of a physical dossier, through the Integrated Information System for Managing State Aid (IISMSA). The deadline and the method of submission, the required documentation, the obligations of the beneficiaries, and other implementation terms will be described in the Detailed Call for Proposals of the Action.
The Comparative Evaluation will be applied for the evaluation of the Action.
The minimum acceptable total score for the approval of an investment plan is set at a score of 60.
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