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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-2020-21/894 – measures in Czechia

COVID III state guarantee programme for self-employed and companies up to 500 employees

Záruční program COVID III

Country Czechia , applies nationwide
Time period Temporary, 18 May 2020 – 30 June 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 29 June 2020 (updated 06 May 2021)

Background information

The COVID III guarantee programme follows the COVID I, COVID II and COVID Prague programmes. The COVID III guarantee programme helps to self-employed and companies with up to 500 employees and affected by the coronavirus. Unlike in COVID I and COVID II, entrepreneurs would no longer apply for a guarantee with Czech-Moravian Guarantee and Development Bank (Českomoravská záruční a rozvojová banka, ČMZRB but negotiate directly with a commercial banks involved in the program (see Sources). This should eliminate a number of administrative and legal difficulties which were criticised in COVID I and COVID II. However, ČMRZB is still a managing authority.

Unlike COVID I and COVID II, COVID III covers also larger companies (up to 500 employees) and is applicable nation-wide, Prague included.

Content of measure

The guarantee will apply for operating loans of up to CZK 50,000,000 (€1,869,858 approx.) that will be provided until 31 December 2020. The guaranteed loan can be used to cover operating expenses, such as wages, rents, energy payments, payment of supplier-customer invoices, acquisition of inventory, materials, etc.

The guarantee is the following:

  • self-employed persons and companies with up to 250 employees will be entitled to a guarantee of up to 90% of the principle of the operating loan, but at most CZK 45,000,000 (€1,682,872 approx.)
  • Companies with 251-500 employees will receive a guarantee of up to 80% of the operating loan, but at most CZK 40,000,000 (€1,495,886 approx.).

The length of the guarantee will be at most three years.

The transaction also have to the following criteria:

  • will be implemented on the territory of the Czech Republic
  • does not intend to apply for other public support
  • was not supported in the COVID Plus programme.

Use of measure

As of 15 March 2021, commercial banks involved in the programme have approved 4,204 applications (out of the total number of applications 5,891) with the total sum of CZK 28,438,000,000 (€1,090,205,099 approx.).

Target groups

Workers Businesses Citizens
Does not apply to workers Solo-self-employed
One person or microenterprises
Larger corporations
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 Informed Informed
Form Not applicable Not applicable

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 into the management of policy measures.

Views and reactions



  • 18 May 2020: CMRZB: COVID III National programme/ČMRZB: Národní program COVID III (
  • 18 May 2020: CMRZB: List of banks involved in the programme/ČMRZB: Seznam spolupracujících bank (
  • 28 September 2020: ČMRZB Press release: Current state of COVID programmes applications processes/ČMRZB: Průběžný stav vyřizování žádostí COVID (
  • 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 III state guarantee programme for self-employed and companies up to 500 employees, case CZ-2020-21/894 (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.