Legal provisions of COM(2020)448 - Proposal to grant temporary support under Council Regulation 2020/672 to the Czech Republic to mitigate unemployment risks in an emergency situation in light of COVID-19

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dossier COM(2020)448 - Proposal to grant temporary support under Council Regulation 2020/672 to the Czech Republic to mitigate unemployment risks ...
document COM(2020)448 EN
date September 25, 2020

Contents

Article 1

The Czech Republic fulfils the conditions set out in Article 3 of Regulation (EU) 2020/672.

Article 2

1. The Union shall make available to the Czech Republic a loan amounting to a maximum of EUR 2 000 000 000. The loan shall have a maximum average maturity of 15 years.

2. The availability period for financial assistance granted by this Decision shall be 18 months starting from the first day after this Decision has taken effect.

3. The Union financial assistance shall be made available by the Commission to the Czech Republic in a maximum of eight instalments. An instalment may be disbursed in one or several tranches. The maturities of the tranches under the first instalment may be longer than the maximum average maturity referred to in paragraph 1. In such cases, the maturities of further tranches shall be set so that the maximum average maturity referred to in paragraph 1 is respected once all instalments have been disbursed.

4. The first instalment shall be released subject to the entry into force of the loan agreement provided for in Article 8(2) of Regulation (EU) 2020/672.

5. The Czech Republic shall pay the cost of the funding of the Union referred to in Article 4 of Regulation (EU) 2020/672 for each instalment plus any fees, costs and expenses of the Union resulting from any funding related to the loan granted under paragraph 1 of this Article.

6. The Commission shall decide on the size and release of instalments, as well as on the size of the tranches.

Article 3

The Czech Republic may finance the following measures:

(a)the ‘Antivirus’ Programme as provided for in ‘Government Resolution No 353 of 31 March 2020’, as amended, the legal basis of which is Article 120 of ‘Law No 435/2004 Coll. on employment’, as amended;

(b)the ‘Antivirus’ Programme Option C, as provided for in ‘Law No 300/2020 Coll.’;

(c)the ‘Pětadvacítka’ Programme, as provided for in ‘Law No 159/2020 Coll.’;

(d)the partial waiver of social and health security contributions due by the self-employed, as provided for in ‘Law No 136/2020 Coll.’ (for social security) and ‘Law No 134/2020 Coll.’ (for health security);

(e)the ‘Care allowance’ for the self-employed, as provided for in ‘Government Resolutions No 262 of 19 March 2020, No 311 of 26 March, No 354 of 31 March, No 514 of 4 May and No 552 of 18 May’, Article 14 of ‘Law No 218/2000 Coll. on budgetary rules’, as amended (for the self-employed in primary agricultural and forestry production), Article 3 point (h) of ‘Law No 47/2002 Coll. on support to SMEs’, as amended (for all other self-employed persons).

Article 4

The Czech Republic shall inform the Commission by 30 March 2021, and every six months thereafter of the implementation of the planned public expenditure until that planned public expenditure has been fully implemented.

Article 5

This Decision is addressed to the Czech Republic.

This Decision shall take effect on the date of its notification to the addressee.

Article 6

This Decision shall be published in the Official Journal of the European Union.