The Ministry of Industry and Trade and the Czech-Moravian Guarantee and Development Bank (ČMZRB) launched the call in the COVID TRAVEL GUARANTEE program, which was created in the cooperation with the Ministry of Regional Development. This new program aims to mitigate the negative effects of the pandemics on tourism and travel services. The support is provided in the form of bank guarantees issued by the ČMZRB, which can be used by travel agencies to obtain compulsory insolvency protection insurance and to cover their mandatory co-participation on this insurance, while saving own resources for developing their business in the post-covid era.

Our guarantee program COVID III has been extended until the end of June 2021 due to the amendment of the Act on a state guarantee for the COVID program. Amendment was signed by the President on 1 November 2020. Moreover, this program will guarantee not only working capital loans, but also investment loans.