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MPO and ČMZRB to provide firms with loan guarantees

The Ministry of Industry and Trade of the Czech Republic (MPO) and the Czech-Moravian Guarantee and Development Bank (ČMZRB) have prepared the new programme Záruka 2015 – 2023 for the provision of guarantees for loans extended to small and mid-sized enterprises. According to the ministry, the fund will guarantee loans up to the amount of CZK 5.3bn in the first years.