Government Measure
Various forms of reimbursable support - among others, loans, guarantees, sureties.
Goal: to ensure financial liquidity for the duration of the state of epidemic threat or state of epidemic; for a period of 12 months following the revocation of this state; until the negative economic effects are resolved.
Amount and type of support varies depending on the actual financial consequences suffered by the business in connection with the declaration of a state of epidemic threat or state of epidemic, as well as the scale of the business activity undertaken.
Prohibition on the use of support granted to repay liabilities to, among others, parent companies and subsidiaries.
Eligibility
Available to all businesses in difficult financial situations as a result of COVID-19.
Not available to companies which have been declared bankrupt or in respect of which restructuring proceedings have been opened, or for which applications to open such proceedings have been filed (more details in the section on restructuring and bankruptcy).
Supervising Authority
ARP(Industrial Development Agency)
Availability
From April 2020 Applications processed without delay - within 14 days