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COVID-19 EU PolicyWatch

Database of national-level responses

Eurofound's COVID-19 EU PolicyWatch collates information on the responses of government and social partners to the crisis, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for case CZ-2020-17/899 – measures in Czechia

COVID Prague guarantee: credit guarantees for SMEs in the Prague region

Záruka COVID Praha

Country Czechia , applies regionally

    • – CZ01 Praha
Time period Temporary, 21 April 2020 – 21 April 2020
Type Legislations or other statutory regulations
Category 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)

Background information

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.

Content of measure

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:

  • SMEs may obtain a guarantee for up to 80% of the commercial credit amount,
  • maximum amount of the credit covered by the guarantee is CZK 15,000,000 (€562,219 approx.)
  • financial contributions to interest payments is CZK 1,000,000 (€37,481 approx.).

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.

Use of measure

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).

Target groups

Workers Businesses Citizens
Does not apply to workers SMEs
Does not apply to citizens

Actors and funding

Actors Funding
National government
Company / Companies
European Funds
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Consulted Consulted
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:

  • No involvement
  • Main level of involvement: Peak or cross-sectoral level


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.

Views and reactions



  • 20 March 2020: SP ČR: Measures taken by the government of the Czech Republic/SP ČR: Opatření vlády České republiky (
  • 20 April 2020: CMRZBD: Call for proposals/ČMRZBD: Výzva (
  • 20 April 2020: CMRZBD: COVID Prague Guarantee/ČMRZBD: Záruka COVID Praha (
  • 15 December 2020: CNB: Statistics on COVID Programmes/ČNB: Statistika o programech COVID (
  • 15 March 2021: CNB: Statistics on COVID Programmes/ČNB: Statistika o programech COVID (


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,

Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.