The European Commission authorised on Tuesday 5 May a Czech guarantee scheme worth around €5.2 billion for large exporting companies whose activities are affected by the Covid-19 pandemic.
The scheme was approved under the Temporary Framework for State Aid adopted by the Commission on 19 March, as amended on 3 April 2020.
According to the Czech support measure, large companies with at least 20% of their annual sales derived from exports will be eligible for this support in the form of...