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 canceled, 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 approx.). 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.

Use of measure

No information available yet.

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

This case is not occupation-specific.

Sources

• 22 February 2021: ČMRZB: COVID Travel Agency Guarantee/ČMRZB: COVID Záruka CK (www.cmzrb.cz)