In the year 2000, my partners and I launched the PETERKA & PARTNERS law firm in Prague, Czech Republic. Over time we developed an ambitious idea - to create an integrated regional law firm, which at first seemed almost impossible. However, after years of dedication and hard work, we became a strong alternative to the global giants and local law firms active in the CEE region through their networks or best friends.
On 17 April 2020, the Slovak Minister of Economy, Mr. Richard Sulík, announced the launch of a programme of government-backed loans which should result in loan facilities for entrepreneurs in the amount of at least half a billion euros. The main features announced are as follows:
Similar government guaranteed loans are available from state banks:
The loans shall be, subject to satisfaction of specified conditions (e.g. maintaining employment) interest free (ex-post assessment and bonification).
For large enterprises, the Government is in discussions with banks on a system involving state guarantees provided on behalf of such enterprises.
EXEMPTION TO ENTER THE TERRITORY OF THE SLOVAK REPUBLIC
One of the preventive measures adopted in respect to the coronavirus pandemic is the closing of borders (currently envisaged until 7 May 2020) to foreigners, with certain exceptions, such as freight drivers, persons with permanent or temporary residence in Slovakia, and daily commuters.
However, it is possible to request the Public Health Authority to grant an exemption from this regime.
In respect to businesses, the application shall be filed through the Slovak Ministry of Economy using the application form published on their website. The application shall state the reasons substantiating the granting of the exemption.
If the Public Health Authority grants the exemption, the condition for entry into Slovakia is the presentation of a negative RT-PCR test for Covid-19 not older than 48 hours.
For any legal matters arising in these special circumstances, please do not hesitate to contact our Covid-19 Help desk at email@example.com.
This summary is for informational purposes only and may not be considered a legal opinion or advice on how to proceed in a particular case. The summary reflects the status as of 23 April 2020.