Slovenian govt adopts second coronavirus stimulus package worth 2 bln euro

The aid package envisages the provision of state guarantees on credits extended to companies and individuals engaged in business activity, Jansa said in a statement on Tuesday.

He added that the government adopted amendments to its first financial package, which was worth 3 billion euro, aiming to eliminate certain legal ambiguities. The focus of the envisaged measures remains on preserving jobs and keeping businesses in operation, as well as improving the social state of people most at risk of the virus, and providing emergency assistance to the self-employed, among others.

Jansa also said the government is drafting a third economic stimulus package to facilitate the transition to normal life, which it plans to adopt at the end of May,

In a separate statement on Wednesday, the finance ministry said that the second package aims to facilitate bank borrowing by companies for liquidity purposes and thus contribute to the country's economic stability.

As part of the new measures, the government will guarantee up to 70% of the loans to large companies and up to 80% of individual loans to micro, small and medium-sized companies, the finance ministry said.

The maturity of these loans should not exceed five years, as they should be approved between March 12 and December 31.

($=0.9196 euro)