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Factsheet for measure CZ-2021-10/1810 Updated – measures in Czechia

COVID Travel Agency Guarantee

COVID Záruka CK

Country Czechia , applies nationwide
Time period Temporary, 01 March 2021 – 30 June 2022
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Direct subsidies (full or partial) or damage compensation
Author Soňa Veverková (Research Institute for Labour and Social Affairs) and Eurofound
Measure added 06 April 2021 (updated 28 May 2022)

Background information

The guarantee scheme helps small and medium-sized travel agencies and travel bureaus, in particular, to meet the legal obligation to insure against insolvency.

Eligible applicants are travel bureaus and travel agencies which concession was not cancelled, suspended or interrupted until at least 12 March 2020. Eligible expenditure are those required by the insurance company to conclude the insurance contract.

Content of measure

The maximum amount of the support is up to 75% of the required travel agency or travel bureau insurance amount up to a limit of 30% of the insurance indemnity (e. g. maximum sum insured), however, a maximum of CZK 4,000,000 (€153,344). The validity of the guarantee may exceed the agreed insurance period by a maximum of 6 months.

Applications are to be sent to the state run Czech-Moravian Guarantee and Development Bank (Českomoravská záruční a rozvojová banka, ČMZRB . Insurance contract between insurance company and travel agency or travel bureau have to be included.

This call is opened from 1 March 2021 until 31 December 2021.

Updates

The following updates to this measure have been made after it came into effect.

03 January 2022

A new call of this programme was announced. This call is opened from 3 January 2022 until 30 June 2022. The maximum amount of the support is up to 75% of the required travel agency or travel bureau insurance amount up to a limit of 30% of the insurance indemnity (e.g. maximum sum insured), however, a maximum of CZK 8,000,000 (€320,000 approx.). The validity of the guarantee may exceed the agreed insurance period by a maximum of 6 months.

Use of measure

As of 23 March 2022 the National Development Bank (Národní rozvojová banka, NRB , the former Czech-Moravian Guarantee and Development Bank (Českomoravská záruční a rozvojová banka, ČMZRB , supported 133 subjects with the total amount of CZK 200,000,000 (€8,190,008).

Target groups

Workers Businesses Citizens
Does not apply to workers Sector specific set of companies
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 Consulted
Form Not applicable Direct consultation outside a formal body

Social partners' role in the implementation, monitoring and assessment phase:

  • Only employers' organisations
  • Main level of involvement: Peak or cross-sectoral level

Involvement

The guarantee scheme was discussed by the Ministry of Industry and Trade of the Czech Republic with the participation of the Ministry for Regional Development of the Czech Republic and ČMZRB, and also with the Association of Tour Operators and Travel Agents of the Czech Republic, Asociace českých cestovních kanceláří a agentur , the Czech Tourism Union, Česká unie cestovního ruchu and the Czech Insurance Association, Česká asociace pojišťoven .

Views and reactions

Supportive.

Sectors and occupations

    • Economic area Sector (NACE level 2)
      N - Administrative And Support Service Activities N79 Travel agency, tour operator and other reservation service and related activities

This case is not occupation-specific.

Sources

  • 22 February 2021: ČMRZB: COVID Travel Agency Guarantee/ČMRZB: COVID Záruka CK (www.cmzrb.cz)
  • 23 March 2022: Bank guarantee for 133 travel agencies/Bankovní záruky pro 133 cestovních kanceláří (www.mmr.cz)

Citation

Eurofound (2021), COVID Travel Agency Guarantee, measure CZ-2021-10/1810 (measures in Czechia), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/CZ-2021-10_1810.html

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