Fiala and Síkela’s personal guarantee

One of the biggest complaints of businesspeople during covid was that if they wanted a zero-interest government loan for their company, they had to sign a personal guarantee. Co-ownerDavid Petřík of Together restaurant company told HN that when the entire dining sector wasgoing down the tubes, it was like sticking your head in a noose to sign a personal guaranteefor a legal entity. Co-owner Jiří Šimáně of Smartwings said that the idea was socialistic. Thatwas April 2020, when no one knew how bad covid would get. If the state gave a commitmentunder such circumstances, it wanted one in return. Today no one has any idea what will happen next year, but PM Petr Fiala and Industry Min. Jozef Síkela are giving a commitment to households that electricity rates won’t rise by more than 10%. If energy prices spiked, not even all of Fiala and Síkela’s ample assets would cover everyone’s losses, but these two could at least deliver sealed resignations to the Castle as a personal guarantee for their promise.

Source

Recent posts

See All
  • Hans Weber
  • April 16, 2024

Korean Embassy in Prague

  • Hans Weber
  • April 16, 2024

Embassy of Kazakhstan to the Czech Republic

  • Hans Weber
  • April 16, 2024

Esa-Pekka Salonen: Redefining Classical Music in the 21st Century

Prague Forum Membership

Join us

Be part of building bridges and channels to engage all the international key voices and decision makers living in the Czech Republic.

Become a member

Prague Forum Membership

Join us

    Close