Factsheet for measure
CZ-2020-19/898
–
Updated
– measures in Czechia
COVID Plus guarantee for loans to export-oriented large companies
COVID Plus Záruka
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:
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have more than 250 employees,
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had in 2019 the proportion of total sales of exported goods and services at least 20% (this includes production deliveries to other exporters),
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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) and not more than CZK 2,000,000,000 (€74,794,315). 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:
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three years for working capital loans
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up to five years for investment loans.
Updates
The following updates to this measure have been made after it came into effect.
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27 January 2021
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The programme has been prolonged until 30 June 2021.
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Use of measure
As of 15 March 2020, 75 applications were approved with the total amount of CZK 12,500,000,000 (€479,202,607). Most of the applications approved are from companies in the manufacturing industry.
As of 31 May 2021, 104 applications were approved with the total amount of CZK 15,229,000,000 (€594,882,812). Most of the applications approved are from companies in the manufacturing industry.
As of 30 November 2021, 126 applications were approved with the total amount of CZK 17,168,000,000 (€686,720,000). Most of the applications approved are still from companies in the manufacturing industry.
As of 15 February 2022, 137 applications were approved with the total amount of CZK 17,844,000,000 (€723,454,287). Most of the applications approved are still from companies in the manufacturing industry.
Target groups
Actors and funding
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Actors
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Funding
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National government
Company / Companies
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Companies
National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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Consulted
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Consulted
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Form
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Consultation through tripartite or bipartite social dialogue bodies
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Consultation through tripartite or bipartite social dialogue bodies
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Social partners' role in the
implementation, monitoring and assessment phase:
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No involvement
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Main level of involvement: Peak or cross-sectoral level
Involvement
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
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This case is sector-specific
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Economic area
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Sector (NACE level 2)
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A - Agriculture, Forestry And Fishing
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A1 Crop and animal production, hunting and related service activities
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A2 Forestry and logging
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A3 Fishing and aquaculture
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B - Mining And Quarrying
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B5 Mining of coal and lignite
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B6 Extraction of crude petroleum and natural gas
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B7 Mining of metal ores
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B8 Other mining and quarrying
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B9 Mining support service activities
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C - Manufacturing
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C10 Manufacture of food products
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C11 Manufacture of beverages
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C12 Manufacture of tobacco products
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C13 Manufacture of textiles
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C14 Manufacture of wearing apparel
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C15 Manufacture of leather and related products
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C16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
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C17 Manufacture of paper and paper products
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C18 Printing and reproduction of recorded media
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C19 Manufacture of coke and refined petroleum products
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C20 Manufacture of chemicals and chemical products
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C21 Manufacture of basic pharmaceutical products and pharmaceutical preparations
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This case is not occupation-specific.
Sources
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05 May 2020: MPO ČR: Commercial banks can apply for COVID Plus guarantee/MPO ČR: Banky mohou žádat EGAP o záruky pro velké firmy
(www.mpo.cz)
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25 September 2020: CNB: Statistics of deffered loans/ČNB: Statistika odkladů splátek
(www.cnb.cz)
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15 December 2020: CNB: Statistics on COVID Programmes/ČNB: Statistika o programech COVID
(www.cnb.cz)
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27 January 2021: EGAP: Information on EGAP programmes for 2021/EGAP: Informace o programech pro rok 2021
(www.egap.cz)
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15 March 2021: CNB: Statistics on COVID Programmes/ČNB: Statistika o programech COVID
(www.cnb.cz)
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30 November 2021: CNB: Statistics of COVID Programmes/CNB: Statistiky COVID programů
(www.cnb.cz)
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15 February 2022: CNB: Statistics on COVID Programmes/ČNB: Statistika o programech
(www.cnb.cz)
