HOMECase StudiesModernization of CALLISTA Luxury Leather Bags through a subsidized ESPA program

Modernization of CALLISTA Luxury Leather Bags through a subsidized ESPA program

See how VK PREMIUM played a key role in the successful approval of the subsidy and in supporting the investment plan of CALLISTA.


Company Profile

CALLISTA operates in the wholesale trade of luxury bags, luggage, and footwear. Founded in 2013, the company has since focused on designs that transcend seasonal trends, embracing timeless elegance and exceptional quality. With a strong commitment to natural materials and environmental protection, all products are handmade with meticulous attention to detail.


Company Objective

Following years of professional experience in the wholesale trade of bags and luggage, the company executed a comprehensive investment plan to expand its operations and enhance its competitiveness within its sector.


Key Challenges

  • Required capital liquidity for the execution of the investment
  • Immediate implementation of the planned investment
  • Strong market competition

Our Role

  • Prepared the necessary technical and financial study for the investment plan to ensure successful approval of the subsidy application.
  • Collaborated systematically with the company to develop a comprehensive business plan, maximizing the approval potential.
  • Handled the submission of the full application file to the relevant authorities to ensure its timely evaluation and approval.
  • Managed the day-to-day administration of all required supporting documents (offers, invoices, payment receipts, etc.) for full documentation of subsidized expenses.
  • Coordinated all involved parties to ensure the disbursement of the subsidized amount within the predetermined timeframe.

Subsidy Details

CALLISTA was included in the subsidized ESPA program “Competitiveness Toolbox for Small and Very Small Enterprises.”
This program aimed to enhance the competitiveness of small businesses through investment in production modernization and the adoption of standardization and certification systems.


Benefits from the Subsidy

  • Increased profitability
  • Improved competitiveness
  • Market expansion through new products and services
  • Increased productivity
  • Development and enhancement of service quality and volume
  • Strengthened competitive market position
  • Reduced energy consumption
  • Boosted entrepreneurship
  • Maintenance of quality jobs

Company’s Growth Prospects

The quality-driven modernization—both in new technological equipment and upgraded procedures—laid the foundation for further business development and service improvement.

In the mid-term, the company will leverage technology and automation to expand its production capacity and capabilities, gaining a strong competitive advantage in the market.

We can make a decisive contribution to the growth of Greek businesses.

With 18 years of experience and nearly a 98% success rate in application submissions, we are always by the side of businesses to present the most suitable subsidized programs that match their development needs and maximize their benefits.