Ukraine: EMP resilience to support businesses

The new state-guaranteed loan, called resilience, has been available since April 8 to support businesses economically affected by the war in Ukraine. 

The Prime Minister presented an Economic and Social Resilience Plan on March 16.

To support the cash flow of companies affected by the conflict in Ukraine, this plan includes the strengthening of the State Guaranteed Loan (PGE), introduced in March 2020, at the beginning of the health crisis. This new system has been implemented since Friday, April 8, 2022, with the publication of the ministerial order.

Thus, in addition to the EMP introduced during the health crisis, which allows companies to borrow up to 25% of their turnover, and which is available until June 30, 2022, companies heavily penalized by the economic consequences of the conflict in Ukraine will be able to benefit, as of the publication of the decree, from a "Resilience EMP", covering up to 15% of their average annual turnover over the last three years, to deal with any cash flow difficulties they may have.

All applications for the EMP Resilience can be made by eligible companies to their bank as of Friday, April 8. It will be available at least until the end of June and may, if the need is confirmed, be extended by finance law, in accordance with the temporary framework Ukraine of the European Commission, until December 31, 2022.

To know the details and the eligibility criteria of the measure, you can consult the dedicated page as well as the updated PGE frequently asked questions.