Slovenia

Introduction

The Government of the Republic of Slovenia adopted the Law on the intervention measures to mitigate the consequences of the communicable disease SARS-CoV-2 (COVID-19) for citizens and the economy, which amends and repeals certain measures already in force. The specific goals of the law are to preserve jobs and keep businesses in operation, to improve the social position of people, particularly those most at risk due to the SARS-CoV-2 (COVID-19) virus, to provide emergency assistance to the self-employed, to improve the liquidity of businesses, to provide support to scientific research projects in the fight against the COVID-19 and the provision of aid to agriculture. 

EU State aid law context

National State aid schemes (programs) introduced by EU Member States and individual aid granted by national instances must comply with the applicable EU State aid law. Member States may e.g. notify new programs based on the EU Commission’s Temporary Framework, introduce new programmes or grant aid in individual cases based on the provisions of the Treaty (Art. 107 para 2 TFEU) on aid to recover the damage caused by exceptional occurrences or grant aid to firms in difficulty under the Guidelines for Rescue and Restructuring aid. Please refer to the EU chapter for more details.

National Public Support

Coronavirus umbrella law

Who is eligible for the aid?

The coronavirus umbrella law brings financial assistance for companies and workers affected by the epidemic as well as for the self-employed (except if they have not fulfilled their tax or social contribution obligations). 

What does the aid consist of?

Key measures are: 

  • assisting companies by covering of 80% pay compensation for temporary redundant workers and for two months of the social contribution costs, as well as for payment of disability and pension insurance contributions for those who remain employed; 
  • companies will be relieved of corporate income tax for the duration of law and will be able to defer loan payments by 12 months.        

Where to apply for the aid?

For employment matters the employee must register on the website: https://www.zadelodajalce.si/

For tax matters on the website: https://edavki.durs.si/

Is a notification to the EU Commission necessary?          

No.

Further remarks

No.


Credit subsidies

Who is eligible for the aid?

Micro, small and midsize companies, as well as cooperatives and self-employed persons.

What does the aid consist of?

SID Bank will change or amend some of the already existing financial products as follows 

  • Sustainable Tourism Loan Fund - will help SMEs and large companies in the tourism and hospitality sector to manage their liquidity shortcomings. In addition to support investments in accommodation facilities, sports and entertainment infrastructure, lifts, marinas and tourist resorts, it will be expanded to working capital. 
  • Loan fund for financing business and capital consolidation - will enable financing of tangible and intangible assets and/or working capital. 
  • Indirect financing (through a bank and savings bank) - changes will be made towards the elimination of some of the existing restrictions regarding the sources of the SID Bank, which will enable higher, up to 100% financing of project costs or the business activities. The credit can also be used for refinancing. 
  • Financing program - will provide SMEs and large companies with short-term loans from the Bank's own funds for the purpose of liquidity financing. 
  • Insurance instruments for exporting companies - SID Bank will amend the offer regarding credit insurance for preparation for export and provide coverage (insurance and reinsurance) regarding commercial and non-commercial risks related to the effects of coronavirus. 

Where to apply for the aid?

SID Bank (SID – Slovenska izvozna in razvojna banka, d.d., Ljubljana) 

Is a notification to the EU Commission necessary?        

As long as the recepients are compliant with the de minimis rule, no notification from the beneficiaries will be needed.

Further remarks

No.


Credit subsidies

Who is eligible for the aid?

Micro, small and mid-size companies, as well as cooperatives and self-employed persons. 

What does the aid consist of?

Some measures are related to adjustments to existing financial incentives and instruments, and new liquidity credits will be introduced. 

  • Liquidity Loan - A liquidity loan will be available for micro, small and medium-sized enterprises and cooperatives and self-employed. It will be possible to borrow from EUR 40.000 to 125.000 to eliminate liquidity problems in various areas of business. Priority sectors include hospitality, tourism, automotive supply chains, transportation and manufacturing. 
  • Loan Guarantees - A call for tenders for bank loan guarantees and an interest rate subsidy was published on March 20. It is possible to obtain a security guarantee of up to EUR 1.25 million for a bank loan for investments or up to EUR 100.000 for a loan for financing of working capital for micro and small enterprises and up to EUR 200.000 for medium-sized enterprises due to the effects of the coronavirus. 
  • Micro-loans for problem areas - To mitigate the effects of the new virus on business, it is also possible to gain micro-loans for companies established in high-unemployment and border areas. A loan of up to EUR 25.000 with a maturity of up to five years can be gained.

Where to apply for the aid?

SPS (Slovenian Enterprise Fund) 

Is a notification to the EU Commission necessary?

As long as the recepients are compliant with the de minimis rule, no notification from the beneficiaries will be needed.

Further remarks

No.


Other subsidies 

Who is eligible for the aid?

All companies active in the tourism sector (they must have their main business activity in the hospitality industry, which includes hotels, holiday homes, caravans, student homes). This is also intended for travel agencies and travel operators.

What does the aid consist of?

A total of EUR 430.000 has been tendered under the call for proposals for tourism companies; each applicant may receive a subsidy of EUR 10.000 to 50.000 or up to 60% of the eligible costs. The subsidy should be realized this year, while the promotional activities can also be carried out in the 2021 tourist season. 

Where to apply for the aid?

STO (Slovenian Tourism Organization)

Is a notification to the EU Commission necessary?

No.

Further remarks

No.

Authors

Picture of Ales Lunder
Aleš Lunder
Robert Kordić