European Foundation
for the Improvement of
Living and Working Conditions

The tripartite EU agency providing knowledge to assist
in the development of better social, employment and
work-related policies

EU PolicyWatch

Database of national-level policy measures

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 SK-2020-17/900 – measures in Slovakia

Operating loan 'Entrepreneur 2020'

Prevádzkový úver Podnikateľ 2020

Country Slovakia , applies nationwide
Time period Temporary, 20 April 2020 – 30 September 2020
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Rastislav Bednarik (IVPR)
Measure added 01 July 2020 (updated 22 April 2021)

Background information

At its session on 31 March 2020, the government adopted a bill and the parliament approved it on 2 April 2020 as Act no. 67/2020 Coll. on certain emergency financial measures in relation to the spread of the dangerous contagious human disease COVID-19. On this legal basis, the Slovak Guarantee and Development Bank (SZRB) provides an Operating Loan called ENTREPRENEUR 2020 to support the maintenance of operations and employment in small or medium-sized enterprises, with the possibility of obtaining financial assistance from the Ministry of Finance of the Slovak Republic. An operating loan takes the form of a "loan guarantee" and a "loan interest payment".

Content of measure

The purpose of the measure is to finance operating costs related to the maintenance of business operations and employment, to finance investments in tangible and / or intangible assets, repayment of liabilities to the Social Insurance Agency and / or health insurance companies. The amount of the loan may be a maximum of 50% of the client's total turnover in 2019, with a minimum amount of €10,000 and a maximum amount of €350,000. The maximum maturity of the loan is 3 years from the date of the first drawdown; repayment of principal and interest may be deferred for a period of 12 months from the date of the first drawdown of the loan. The loan guarantee is provided by the Ministry of Finance of the Slovak Republic after meeting the conditions defined in the loan agreement concluded with the client.

Use of measure

The originally set limit of the program for the Entrepreneur 2020 loan was €20 million. Due to great interest in this product, SZRB doubled this amount (€40 million) in agreement with its shareholder (Ministry of Finance), but decided not to continue with any further increases. The reason is that there are currently other effective state aid schemes for small and medium-sized enterprises, namely the program of the Slovak Investment Holding called SIH Anti-Corona Guarantee 1 and Anti-Corona Guarantee 2 and the EXIMBANKA SR COVID loan program.

Target groups

Workers Businesses Citizens
Does not apply to workers Solo-self-employed
One person or microenterprises
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


Only ad-hoc informal consultations between employers orgaisations and government.

Views and reactions

The loan security measure was used by the companies to a greater extent than originally intended. Subsequently, other measures have been taken to secure larger loans, so this scheme is not continued.


  • 17 June 2020: Act 67/2020 Col. on certain emergency financial measures in relation to the spread of the dangerous contagious human disease COVID-1 (
  • 24 June 2020: Slovenská záručná a rozvojová banka (2020): Úvery (Loans (


Eurofound (2020), Operating loan 'Entrepreneur 2020', measure SK-2020-17/900 (measures in Slovakia), EU PolicyWatch, Dublin,


Eurofound publications based on EU PolicyWatch

30 January 2023


Measures to lessen the impact of the inflation and energy crisis on citizens

Governments across the EU continue to implement policies to support citizens and businesses in the face of rising food and energy prices caused by the COVID-19 crisis and intensified by the war in Ukraine. This article summarises the policy responses as reported in Eurofound's EU PolicyWatch database from January to September 2022.


12 September 2022


First responses to cushion the impact of inflation on citizens

Although the worldwide pandemic situation had already disrupted supply chains and triggered increases in energy and food prices in 2021, the situation deteriorated in 2022 with the Russian invasion of Ukraine.


12 September 2022


Policies to support EU companies affected by the war in Ukraine

This article summarises the first policy responses that governments across the EU have started to implement to support companies affected by the rising prices, and those with commercial ties to Ukraine, Russia or Belarus.


5 July 2022


Policies to support refugees from Ukraine

This article summarises the first policy responses of EU Member States, including those of the social partners and other civil society actors, enabling refugees to exercise their rights under the Temporary Protection Directive.


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