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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-2020-19/898 – measures in Czechia

COVID Plus guarantee for loans to export-oriented large companies

COVID Plus Záruka

Country Czechia , applies nationwide
Time period Temporary, started on 05 May 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 11 January 2021)

Background information

COVID Plus guarantee provides guarantees for loans to export-oriented large companies with more than 250 employees.The programme is sponsored by the Ministry of Finance of the Czech Republic (Ministerstvo financí České republiky, MF ČR together with the Ministry of Industry and Trade of the Czech Republic (Ministerstvo průmyslu a obchodu České republiky, MPO ČR and managed by Exportní garanční a pojišťovací společnost, a.s. (Export Guarantee and Insurance Company, EGAP).

The programme helps maintain the liquidity to export companies and is not intended for companies which were in existential difficulties before the state of emergency was declared (12 March 2020). Total amount of the programme is CZK 4,000,000,000 (€149,588,631). Companies negotiate the loans directly with a commercial bank.

Content of measure

The programme is eligible for companies, which:

  • have more than 250 emplyoees,
  • had in 2019 the proportion of total sales of exported goods and services at least 20% (this includes production deliveries to other exporters),
  • the main business activity is not in services in transport, accommodation, tourism or gambling industry.

The maximum amount of the loan is 25% of total annual sales of products and services in 2019, but not less than CZK 5,000,000 (€186,986 approx.) and not more than CZK 2,000,000,000 (€ 74,794,315 approx.). EGAP will cover the principal of the loan up to 80%.

The guarantee can also provided for loans used for operations, working capital, refinancing or restructuring of a current loan or investment. Guarantee period is:

  • three years for working capital loans
  • up to five years for investment loans.

Use of measure

As of 15 December 2020, 49 applications were approved with the total amount of CZK 6,866,159,229 (€254,302,193 approx.). Most of the applications approved are from companies in manufacturing industry.

Target groups

Workers Businesses Citizens
Does not apply to workers Larger corporations
Other businesses
Does not apply to citizens

Actors and funding

Actors Funding
National government
Company / Companies
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

Social partners are supportive to the help to exporters, however, don't consider it as sufficient.

Sectors and occupations

    • Economic area Sector (NACE level 2)
      A - Agriculture, Forestry And Fishing A1 Crop and animal production, hunting and related service activities
      A2 Forestry and logging
      A3 Fishing and aquaculture
      B - Mining And Quarrying B5 Mining of coal and lignite
      B6 Extraction of crude petroleum and natural gas
      B7 Mining of metal ores
      B8 Other mining and quarrying
      B9 Mining support service activities
      C - Manufacturing C10 Manufacture of food products
      C11 Manufacture of beverages
      C12 Manufacture of tobacco products
      C13 Manufacture of textiles
      C14 Manufacture of wearing apparel
      C15 Manufacture of leather and related products
      C16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
      C17 Manufacture of paper and paper products
      C18 Printing and reproduction of recorded media
      C19 Manufacture of coke and refined petroleum products
      C20 Manufacture of chemicals and chemical products
      C21 Manufacture of basic pharmaceutical products and pharmaceutical preparations

This case is not occupation-specific.


  • 05 May 2020: MPO ČR: Commercial banks can apply for COVID Plus guarantee/MPO ČR: Banky mohou žádat EGAP o záruky pro velké firmy (
  • 25 September 2020: CNB: Statistics of deffered loans/ČNB: Statistika odkladů splátek (
  • 15 December 2020: CNB: Statistics on COVID Programmes/ČNB: Statistika o programech COVID (


Eurofound (2020), COVID Plus guarantee for loans to export-oriented large companies, case CZ-2020-19/898 (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.