On 1 May 2020 the Additional Liquidity to the Economy to Mitigate the Effects of the COVID-19 Infectious Disease Epidemic Act (the “Act”) came into force. It aims to facilitate the provision of liquidity by banks through the incentive in form of a State guarantee in the amount of up to EUR 2 billion.
More about the Guarantee Scheme in the under the second Anti-corona package legislation can be found on the link provided:
