EC OKs CR\\'s CZK 500bn guarantee program for companies

(ČIA) The European Commission (EC) has approved the Czech guarantee program worth ca. CZK 500bn to support corporate lending. Margrethe Vestager, EC's Executive Vice-President for Competition Policy, said the program would support companies with up to 500 employees most affected by the coronavirus pandemic by improving their access to external funding, thus ensuring their continuity. The program will be managed by the Czech-Moravian Guarantee and Development Bank.



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