Factsheet for case CZ-2020-17/899 – measures in Czechia
, applies regionally
|Time period||Temporary, 21 April 2020 – 21 April 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Soňa Veverková (Research Institute for Labour and Social Affairs) and Eurofound|
|Case created||01 July 2020 (updated 06 May 2021)|
The COVID Prague programme follows the COVID I and COVID II measures which have not included Prague region. This programme is focused on small and medium-sized businesses based in Prague only. As in case of COVID I, COVID II and COVID III programmes, the Czech-Moravian Guarantee and Development Bank (Českomoravská záruční a rozvojová banka, ČMZRB will provide guarantees for loans rendered by commercial banks (see list in Sources) and contributions to interest payments.
The call was published 20 April 2020 and opened for applicants 21 April 2020. However, after 10 minutes the entire programme was worked out and closed.
The total allocation of the programme, which is financed by Operational Programme Prague – Growth Pole of the Czech Republic (Operační program Praha - pól růstu) has been set at CZK 600,000,000 (€ 22,488,756 approx.).
The parameters of the guarantee are the same as for COVID II:
Guarantees will be provided for up to three years. The credit has to be used to reimburse operating expenses such as wages, rent, utilities, settlement of suppliers’ invoices etc.
According to Czech National Bank, 299 applications have been approved for support in the total amount of CZK 1,529,000,000 (€58,616,063).
|Does not apply to workers||
||Does not apply to citizens|
Company / Companies
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Consultation through tripartite or bipartite social dialogue bodies||Consultation through tripartite or bipartite social dialogue bodies|
Social partners' role in the implementation, monitoring and assessment phase:
Social partners, which are members of the tripartite body (Council of economic and social agreement, Rada hospodářské a sociální dohody, RHSD) were informed and consulted in both formal (requested by institutional settings) and informal ways. They are not involved in the management of policy measures.
Eurofound (2020), COVID Prague guarantee: credit guarantees for SMEs in the Prague region, case CZ-2020-17/899 (measures in Czechia), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.