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  2. Topic: Work, economy and business
  3. Economic situation

Economic situation

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The aim of the KredEx measures is to help to either pre-empt or mitigate the liquidity problems of companies.

According to the decision of the Government, Kredex will get €180 million to give out extraordinary loan sureties and working capital loans in order to help companies overcome liquidity problems, including, if necessary, to make bank loan payments. KredEx will be opening the support measures as soon as possible.

More information is available on the website of KredEx.

Last updated: 12.03.2021 13:36

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The most critically affected is the tourism sector (travel companies, accommodation, catering; organising conferences, seminars, events) ja the service sector.

The situation is becoming more and more complicated in the transport sector, after which the problems will reach the industry.

The main problems for the companies are:

  • liquidity problems (loan commitments, overdrafts);
  • paying the employees;
  • how to avoid laying off employees (distributing the work load, furloughs);
  • inflexible approaches in projects that receive subsidies due to the European Union rules;
  • reduced demand;
  • not enough clarity about how the state is helping the companies to cope in the emergency situation.

Last updated: 12.03.2021 13:34

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More information about the coronavirus and restrictions related to it is available calling 1247 (from abroad +372 600 1247).