Article 8
Competences and aid application procedures
(b) The evaluation of business plans under sub-instance (xv) of
instance (a), sub-instance (v) of in-stance (e) and sub-instance
(xii) of instance (g) of para. 1, article 3, as well as the evaluation
of invest-ments under sub-instances (xvii), (xviii), (xx) and (xxi)
of instance (a) and instance (f) of para. 1, article 3, re-viewed
by the General Secretariat for Industry of the Ministry of Development,
may be assigned to two in-dependent expert evaluators of acknowledged
author-ity. Each evaluator shall submit a complete evaluation report
to the competent department of the General Secretariat for Industry,
which shall report to the com-petent Advisory Committee under para.
17. The award procedures, maximum number of business plans or investments
that may be assigned per evaluator yearly, delivery deadlines as
well as any other neces-sary detail, shall be determined by decisions
of the Minister of Development. The part of business plans or investments,
accordingly, concerning staff training shall be submitted for evaluation
to the Ministry of La-bour and Social Insurance, which shall then
submit a relevant evaluation report to the General Secretariat for
Industry.
(c) The evaluation of rescue and restructuring busi-ness plans under
para. 2, article 10, shall be assigned to an external expert evaluator,
with wide experience in liquidations, acquisitions and mergers,
who shall submit a complete evaluation report to the competent department
of the Ministry of National Economy, in order for the latter to
report to the competent Advisory Committee under para. 17. The reporting
service may ask the principal lending bank and/or any other bank
for an opinion on the viability of the rescue and re-structuring
plan. The award procedures, selection cri-teria, the maximum number
of rescue and restructur-ing business plans that may be assigned
per evaluator yearly, the obligations and rights of external evalua-tors,
as well as any other necessary detail shall be de-termined by virtue
of decision of the Ministers of Na-tional Economy, Development and
Labour and Social Insurance.
11. (a) Every investment and/or equipment leasing program shall
be reviewed in terms of their viability on the basis of the criteria
under instance (a) of para. 1, article 7, and should it be deemed
viable, the advisory committee proceeds with the marking based on
the criteria under instances (c) to (f) of para. 1, article 7. If
the investment and/or equipment leasing program gather at least
the minimum percentage of total marks set by ministerial decision,
under instance (g) of para. 1, article 7, and the amount allocated
that year to grants and leasing subsidies suffices, it is made eligi-ble
for the provisions of these presents.
Investments submitted every year under sub-instances (xvii), (xviii),
(xix), (xx) and (xxi) of instances (a) and (f), article 3, shall
be reviewed by the compe-tent department and advisory committee
in terms of their viability, in the first phase. Those not deemed
vi-able, shall be rejected. For those deemed viable there shall
be a second evaluation phase, during which they shall be marked
based on the criteria under instance (b) of para. 1, article 7,
along with the additional crite-ria -as per case- under instances
(c) to (f) of para. 1, article 7, as well as the special additional
criteria set by ministerial decision under para. 3 of the same arti-cle
above. They shall then be entered in a single table according to
the percentage of total marks in their sec-tor, placing on top those
which shall have gathered the highest percentage. All investments
on the top places of the table shall be made eligible for the provi-sions
herein until the amount of grants set for that year is covered.
If during the approval of investments entered in the table the remaining
amount of grants is not enough to cover all investments with the
same marks, all such investments shall be approved despite exceeding
the set amount of grants. Investments com-ing under the last approved
one on the table shall be rejected.
(b) Every rescue and restructuring business plan under para. 2,
article 10, shall be reviewed according to the criteria stipulated
in para. 4 of article 7, and shall be made eligible for the provisions
herein pursu-ant to the said decision and provided that the amount
of grants allocated to such business plans that year suffices.
(c) Subject to the provisions of the second passage of instance
(a) above, if during the review and ap-proval procedures of investments
and/or equipment leasing programs or rescue and restructuring business
plans, the set amount of grants allocated that year is exhausted,
any applications the review and approval procedures of which has
not been completed by the competent departments and advisory committees
by the time the said amount has been exhausted, they shall be reviewed
for eligibility in the following year based on the amounts of aids
set for that year, prior to the review of applications submitted
after January 1st of that year.
(d) Equally, subject to the provisions of the second passage of
instance (a) above, if all investments and/or equipment leasing
programs which have gath-ered the minimum percentage of total marks
have been made eligible for the provisions herein, and part of the
set amount of grants and/or leasing subsidies for that year remains
unallocated, that part shall be al-located to viable investments
and/or equipment leas-ing programs, the marks of which falls short
of such minimum percentage, so as to be made eligible for the provisions
herein. For this purpose, such investments and/or equipment leasing
programs of all sectors shall be entered into a single table according
to the per-centage of total marks they have gathered, placing on
top those which shall have gathered the highest per-centage. Investments
and/or equipment leasing pro-grams placed on top places of the table
shall be ap-proved, until the remaining amount of grants and/or
leasing subsidies is covered. If during the approval of investments
and/or programs entered in the table, the remaining amount of aids
is not enough to cover all investments and/or programs with the
same marks, all such investments and/or programs shall be approved
despite exceeding the set amount of grants.
Investments and/or programs coming under the last approved one on
the table shall be rejected.
