Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure DK-2020-10/630 – measures in Denmark
|Country||Denmark , applies nationwide|
|Time period||Temporary, 01 March 2020 – 30 September 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Carsten Jørgensen (FAOS, University of Copenhagen), Anders Randrup (Oxford Research)|
|Measure added||15 April 2020 (updated 02 May 2020)|
Danish exporters under pressure from the Corona Crisis can now turn to EKF Denmark´s Export Credit Agency for assistance. The assistance will be offered by way of two specific initiatives aimed at exporters: one, geared to companies with liquidity problems; the second, designed to ensure that the companies can secure insurance for their export orders from private trade credit insurance companies.
In extension of the many interventions from Denmark's political leaders to support Danish business and industry, EKF's two initiatives primarily target businesses engaged in export and internationalisation, who otherwise risk their export orders being delayed or cancelled outright.
EKF Denmark´s Export Credit Agency launches two initiatives to assist Danish exporters under pressure from the Corona Crisis.
The first initiative, a Liquidity Guarantee, will support the many Danish exporters affected by liquidity problems in that their earnings decrease while they still have to meet supplier and payroll costs. This product offers improved conditions during the crisis.
The second initiative, which will extend EKF's existing reinsurance scheme to OECD countries, is intended to ensure that the Coronavirus Crisis does not deter private trade credit insurance companies from underwriting Danish exporters' export orders, as was the case during the financial crisis.
|Does not apply to workers||
||Does not apply to citizens|
Public support service providers
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement as case not in social partner domain||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
Eurofound (2020), Increased access to export credit, measure DK-2020-10/630 (measures in Denmark), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/DK-2020-10_630.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.