COVID-19: Intervention Measures to Support the Slovenian Economy
On 21 April 2020, the Slovenian Government proposed the amendments to the Act on Intervention Measures for Suppression of COVID-19 Epidemic and Mitigation of its Consequences for Citizens and the Economy as adopted by the Slovenian Parliament on 3 April 2020.
#newliquidity - Additional Slovenian State Guarantee Scheme
The Slovenian government confirmed a draft of the new Law on ensuring additional liquidity to the economy for mitigation of the consequences of the COVID-19 epidemic. The draft is expected to be decided upon by the Parliament in an urgent procedure.
Public Call for Loan Applications
The Development Bank of the Republic of North Macedonia announced its second public call for providing interest-free loans to local companies.
Montenegrin Government Adopts Measures to Support the Economy amidst the Coronavirus Epidemic
The Government of Montenegro adopted two sets of measures in order to mitigate the adverse effects of the COVID-19 epidemic on the economy, as well as on the most vulnerable categories of citizens.
State Guarantee Scheme as a Measure to Mitigate the Consequences of COVID-19 on the Serbian Economy
On 16 April 2020, the Government of the Republic of Serbia adopted a decree establishing a scheme for the issuance of unconditional, on-demand state guarantees to banks for working capital loans to Serbian corporates.
Emergency Rules on the Issuance of “Corona Bonds” in Serbia
The Government of Serbia adopted on 10 April 2020 the emergency Decree on the Procedure for Issue of Debt Securities (“Decree“), which provides for the simplification of the current regime regarding public offerings of debt securities by Serbian companies on the territory of Serbia.
New Law on Amendments to the Emergency Act in Bulgaria
On 9 April 2020 a Law on Amendments to the Emergency Act in Bulgaria was published in the State Gazette.
Amendments to Slovenian Mandatory Moratorium on Bank Loans
On 2 April 2020, the Slovenian Parliament adopted the so-called Mega COVID-19 Law which amends the Slovenian emergency law concerning mandatory moratoriums on bank loans and introduces certain additional measures concerning enforcement and bankruptcy procedures which are important for creditors and debtors.
COVID-19 Related Payment Moratorium on Financings in Bulgaria
The COVID-19 pandemic has multiple effects on the economy. Many businesses struggle to survive and are or may become unable to service their bank debt in the same way as they did before the outbreak of the pandemic. Governments and central banks around the world are imposing various emergency measures and taking actions to support the economy, the business and households in this emergency situation.
