Information about certain measures taken by governments in the Kinstellar jurisdictions in relation to the COVID-19 situation This table reflects the situation on 24 March 2020 South Eastern Europe

Bulgaria

1. Travel Restrictions

1.1 Incoming Closed borders for foreigners from Not allowed to return from Spain State of emergency in place – entry No entry from 20 countries third countries and the following EU and Italy. prohibited to all foreign citizens with No flight to 68 countries Member States and members of the the exception of diplomats Mandatory self-isolation at home Land borders closed with , Schengen area: Italy, Spain, France, accredited in Serbia and foreigners for 14 days for asymptomatic Greece, Iran, Georgia, Azerbaijan United Kingdom and Northern with residence permits. passengers arriving from 20 and Iraq. Ireland, Germany, Switzerland and countries. All the persons to whom the entry is the Netherlands. Mandatory Passenger sea crossings between Mandatory quarantine of 14 when allowed are subjected to the 14-day quarantine for Bulgarian citizens Greece and Turkey are also closed. entering from Hubei province, mandatory quarantine, unless they arriving from the mentioned Member China, Italy, Daegu City and are arriving from Italy, Switzerland, States, as well as Iran, Bangladesh, Cheongdo County, South Correa, Iran, Romania, Spain, Germany, India, Maldives, South Korea, Nepal, Iran. France, Austria, Slovenia and Sri Lanka, China. Greece, when the quarantine is 28 days.

1.2 Outgoing All training and business trips are No travel allowed to Spain and Travel for medical staff to main - prohibited. Italy. COVID affected areas. Traveling outside Bulgaria is not prohibited, but the government advises citizens to withhold traveling to the above-mentioned countries, unless necessary. Citizens who decide to travel outside Bulgaria must conclude health insurance.

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Bulgaria Romania Serbia Turkey

2. Other Restrictions

2.1 Free Movement Restricted to going to work, visiting Limitation and prohibition the Curfew for all citizens except limited Citizens at the age of 65 and older grocery shops, pharmacies, banks movement of vehicles or persons categories (e.g. police, authorised (except government officials and and insurance offices. in / to certain areas or between night shift staff) from 8 pm until 5 healthcare personnel) and who Travelling to and from district cities is certain hours, as well as the exit am. Senior citizens (i.e. 65ys+ and have low immune system and made via checkpoints and is allowed from those areas. 70ys+ in villages up to 5,000 chronic lung disease, asthma, only in respect of commuting to work, Gradual prohibition of road, rail, inhabitants) are prohibited to leave COPD, cardiovascular disease, going home or due to medical maritime, river or air traffic on their homes at all times, although it kidney, hypertension and liver reasons (all to be evidenced by different routes and the subway. appears that they will be allowed in disease and those who use respective documents). due course to go to selected medicine that disrupt the immune supermarkets for few hours very system are not allowed outside and The city of Bansko and separate early on Sundays. if they violate so, an administrative neighborhoods in a few cities are in fine shall be applied. The rest of the full mandatory quarantine with citizens are encouraged to stay prohibition for entering and leaving. inside.

2.2 Closures (public As of 13 March 2020, all public Closure of schools/universities, No public gatherings in open All public places such as schools, places, shops etc.) places such as schools, universities, hotels/restaurants/ coffeeshops, spaces are allowed. Also, all indoor unA mandatoryiversities, education quarantine services, for 14 days kindergartens, shopping centres, museums, clubs, casinos. gatherings prohibited unless they restaurants,is applied to sports,the citizens entertainment who came from abroad. restaurants, night clubs, etc. are Suspension of cultural, scientific, are of special importance for the places, theatres, cinemas etc. and closed. artistic, religious, sports, work of state bodies or services. retail facilities closed with the Exception is made for food stores, entertainment or gambling, spa exception of groceries, pharmacies pharmacies, bank and insurance treatment and personal care and selected vital supplies and offices. Prohibition of eating food at activities, held in confined spaces. services. dining areas and stores of gas Many banks changed their opening stations has been introduced. and closing hours of their branches Prohibition of all public events, as 12:00-17:00. gatherings and activities has been All meetings or events (scientific, introduced. Prohibition of visits to cultural, artistic etc.) which will be organized in open or closed areas

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Bulgaria Romania Serbia Turkey public parks, gardens and at national and international level playgrounds. are postponed until the end of April.

3. Measures affecting certain industry sectors

3.1 Any general No restrictions except for certain No restrictions except for certain Certain types of goods cannot be import/ export types of medical products (see 3.4 types of medical products (see exported, e.g. sunflower oil and restrictions below). 3.4 below). medicines,

3.2 Commercial All premises falling in the scope of No measures yet in place. The Directorate General of Land landlords/ tenant the adopted restriction for visits (see and Cadastre will not take any 2.2 above). requests other than sale, mortgage and title deed transactions without citizen requests until 04.05.2020.

3.3 Banks During the state of emergency, no Loan and leasing repayment The 90-day delay period that default interest and penalties will be moratorium in place for 90 days causes the loans to be classified as due on late payments. Other non- and/or not less than the duration of non-performing loans shall be monetary consequences of delayed the state of emergency. extended up to 180 days for First payments such as acceleration or and Second Group loans until appropriation are also suspended. 31.12.2020. The Bulgarian National Bank has For the loans that continue to be adopted measures for supporting the classified in the Second Group liquidity of the bank system, including despite the 90-days delay, banks mandatory capitalisation of the profit can continue to set aside their own for 2019 (i.e. no distribution of risk models in calculating the dividends) and reduction of foreign expected credit loss within the exposures or the commercial banks. scope of Financial Reporting Standards of Turkey and there will be no additional provisioning obligations.

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Bulgaria Romania Serbia Turkey Loans that are classified as receivables due to restructuring and whose principal / interest payments are delayed more than 30 days within one year of monitoring period or are restricted once more during this monitoring period shall not have to be classified in the third group. The 90-day delay specified in the article stipulating a special provision of 20% of the receivables is 180 days for leasing and factoring companies; for financial leasing companies, it shall be increased to 240 days.

3.4 Pharma and During the state of emergency, the Prohibition of export of medical No export of medicines. Surgical masks such as N95, FFP2 medical devices parallel export of medicinal products, devices and sanitary materials and FFP3 have been using by the export of quinine-based medicines is that ensure the prevention and health personnel who works in risky prohibited. Prohibition on the export treatment of COVID-19 areas are only be provided in the of available protective gear and associated diseases/ drugs for pharmacies in return for a disinfectants. distribution outside the territory of prescription. Romania.

3.5 Other Only as described above - leisure All enforcement and bankruptcy industry due to mandatory shutdown. proceedings (excluding those Aviation sector due to restriction of related to child support payment) international travel. Public sector due are suspended until the end of to suspension of work of April.

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Bulgaria Romania Serbia Turkey administration, courts, public enforcement agents etc.

4. Subsidies and financial support available from governmental side

4.1 General for The approved Law on measures and The Romanian state is payment Some draft measures considered ▪ Postponement in loans for min. 3 businesses and actions during the state of the indemnity for technical by the Government. months for companies with employers emergency introduces provision of unemployment, within the limit of disrupted that cash flow subsidy for payment of 75% of the gross salary, but not ▪ Stock financing support for remunerations in the amount of 60 more than 75% of the average Exporters. per cent of the employees’ gross salary. ▪ Tax statements re. deductions at remuneration that will apply to certain Increase the limits for source (e.g. Withholding) will be employers meeting criteria to be guaranteeing loans for SMEs, postponed for 3 months. determined by the government. The through the National Credit Temporary income support (via law also provides for simplified Guarantee Fund for SMEs, with Short-time Working Allowance procedure for granting support from RON 5 billion in a first phase. European funds. given to employer) will be provided The Ministry of Public Finance will to workers in workplaces that halted BGN 500 million have been provided subsidize 100% of the interest on their activities. to the Bulgarian Development Bank guaranteed loans to SMEs ▪ Three public banks postpone the which will be used in support of starting from the moment the loan loan debts and provide extra SMEs in difficulty due to COVID-19 is granted until 31 March 2021 loans for the employers in order either through equity investment (with and afterwards only if certain to provide for paying the salaries buy-back option) or through conditions are met. guarantees to commercial banks that of the employees. SMEs obtaining the Emergency will provide cheaper financing. Situation Certificate are entitled to defer the payment of the utility services and the payment of the rent for the premises that represent their main or secondary registered offices. This facility is also applicable to other categories

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Bulgaria Romania Serbia Turkey directly affected by the COVID-19 pandemic (e.g. lawyers). SMEs holding the Emergency Situation Certificate are entitled to invoke the force majeure in relation with their other ongoing agreements, if such companies prove (based on supporting documents or by any mean, including electronic means) their attempt to renegotiate such agreements so that to be adapted in accordance with the exceptional conditions caused by the state of emergency.

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Bulgaria Romania Serbia Turkey

4.2 To specific Special measures adopted by the Some sectors may be given special ▪ April, May and June 2020 VAT, sectors Bulgarian National Bank for the support (e.g. hospitality). withholdings and social security normal functioning of the bank premium payments postponed for system (see 3.3 above). Public 6 months in Retail, Shopping discussions on adopting financial Mall, Iron and Steel, Automotive, measures for the health care sector. Logistics, Transportation, Cinema Simplified procurement procedures and Theatre, Accommodation, have been adopted for this purpose. Catering, Textile and Garment and Event-Organization sectors. ▪ The VAT rate will be decreased from 18 percent to 1 percent in domestic air transportation for 3 months. ▪ Accommodation Tax (City Tax) for hotels will not be until November.

4.3 To employees Public discussions are being held. Days off for parents caring for ▪ Remote work or flexible work and individuals children due to school closures - opportunities may be provided to one of the parents is entitled to the employees in public sector days off from work in the event provided that a minimum number that schools are closed. These of employees are working employees will benefit of an ▪ Social credit packages with low allowance of 75% of their salary interest rates for a working day, without ▪ Min. down payment for exceeding 75% of the gross mortgages will be lowered to 10% average salary. from 20%. The allowance for each day of ▪ Continue of min wage support leave is paid by the employer and re-reimbursed by the State-

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Bulgaria Romania Serbia Turkey controlled Guarantee Fund for Unpaid Salaries.

5. Measures taken by central banks

5.1 Steps taken with No default interest or penalty shall be No charging of interest while loan - regard to interest due for late payments during the repayment moratorium is in place. rate (most recent and state of emergency. expected)

5.2 Steps taken or No steps taken so far: the Bulgarian Turkish lira currency swap auctions, expected with regard National Bank declared that it will with a maturity of 1 year, which to local currency apply measures (not specified) for depends on quantity auction ensuring the normal functioning of method will be conducted and the the currency board and to adopt banks will be provided with Turkish additional if necessary. lira liquidity against US dollars, euros and gold. 5.3 Use of foreign The action plan does not provide The companies may apply to currency reserves such measures at the current intermediary banks and exchange moment. their current bills for a bill with an up-to- 90-day-longer maturity, without making any repayment. FX reserve requirement ratios may be decreased by 500 basis points in all liability types and maturity brackets for the banks of which the real credit growth conditions are met.

5.4 Other important No other steps. The banks will be provided with as steps much liquidity as they need within standing facilities.

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Bulgaria Romania Serbia Turkey

6. Other

6.1 Trustworthy Bulgarian National Bank https://www.tccb.gov.tr/en/ English language (http://www.bnb.bg/?toLang=_EN) https://www.saglik.gov.tr/Genel/Man sources Ministry of Foreign Affairs setHaberList.aspx (https://www.mfa.bg/en/) https://www.tcmb.gov.tr/wps/wcm/c onnect/en/tcmb+en

6.2 Other All employers are obliged to facilitate All employers are obliged to Government offices are obliged to work from home for all employees for facilitate work from home for all facilitate work from home where whose work places such work can be employees for whose work places possible while maintaining the organised. Employers have several such work can be organized. All continuity of the services. For other options: (i) to discontinue the schools, universities and government officials who are not work operation of the undertaking or kindergartens are closed down suitable for working from home will a part thereof; (ii) to introduce (long-distance learning in place). be considered on paid leave. reduced working hours; (iii) to send Long distance learning is in place employees on up to one half of their for education. annual paid leave. All procedural deadlines in the court, arbitration and enforcement proceedings, as well as limitation periods and deadlines for implementation of instructions given by administrative authorities, have been suspended. Certain tax deadlines have been extended. Notary proceedings are limited to urgent cases.

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