Information about certain measures taken by governments in the Kinstellar jurisdictions in relation to the COVID-19 situation

This table reflects the situation on 20 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 and Italy. prohibited to all foreign citizens with Member States: Italy, Spain, France, the exception of diplomats Mandatory quarantine of 14 days United Kingdom and Northern Mandatory self-isolation at home accredited in Serbia and foreigners when entering from these 20 Ireland, Germany, Switzerland and for 14 days for asymptomatic with residence permits. countries. the Netherlands. passengers arriving from 20 countries. All the persons to whom the entry is Mandatory quarantine for Bulgarian allowed are subjected to the 14-day citizen arriving from the mentioned Mandatory quarantine of 14 when mandatory quarantine, unless they Member States, as well as Iran, entering from Hubei province, are arriving from Italy, Switzerland, Bangladesh, India, Maldives, South China, Italy, Daegu City and Iran, Romania, Spain, Germany, Korea, Nepal, Sri Lanka, China. Cheongdo County, South Correa, France, Austria, Slovenia and Iran. Greece, when the quarantine is 28 days.

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Bulgaria Romania Serbia Turkey

1.2 Outgoing All training and business trips are No travel allowed to Spain and Travel for medical staff to main N/A prohibited. Italy. COVID affected areas.

Traveling outside Bulgaria is not prohibited but the government advises citizen to withhold traveling to the above-mentioned countries, unless necessary. Citizen who decide to travel outside Bulgaria must conclude health insurance.

2. Other Restrictions

2.1 Free Movement Restricted to going to work, visiting Limitation and prohibition the Curfew for all citizens except limited Citizens are encouraged to stay

grocery shops, pharmacies, bank movement of vehicles or persons categories (e.g. police, authorised inside. and insurance offices. Citizen are in / to certain areas or between night shift staff) from 8 pm until 5 encouraged to not travel across the certain hours, as well as the exit am. Senior citizens (i.e. 65ys+ and country. The city of Bansko is in full from those areas. 70ys+ in villages up to 5,000 mandatory quarantine with inhabitants) are prohibited to leave prohibition for entering and leaving it. Gradual prohibition of road, rail, their homes at all times, although it maritime, river or air traffic on appears that they will be allowed in different routes and the subway. due course to go to selected supermarkets for few hours very early on Sundays.

2.2 Closures (public As of 13 March 2020, all public Closure of schools/universities, No public gatherings in open All public entertainment and places, shops etc.) places such as schools, universities, hotels/restaurants/ coffeeshops, spaces are allowed. Also, all indoor recreational facilities (restaurants, kindergartens, shopping centres, museums, clubs, casinos. gatherings are prohibited unless cafes, bars, theatres, playgrounds restaurants, night clubs, etc. are they are of special importance for etc.) are closed. closed. Suspension of cultural, scientific, the work of state bodies or artistic, religious, sports, services.

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Bulgaria Romania Serbia Turkey Exception is made for food stores, entertainment or gambling, spa pharmacies, bank and insurance treatment and personal care offices. activities, held in confined spaces.

Prohibition of all public events, gatherings and activities has been introduced.

3.Measures affecting certain industry sectors

3.1 Any general No restrictions except for certain Certain types of goods cannot be import/ export types of medical products. exported, e.g. sunflower oil and restrictions medicine.

3.2 Commercial All premises falling in the scope of No measures yet in place. landlords/ tenant the adopted restriction for visits (see 2.2 above).

3.3 Banks During the state of emergency, no Loan and leasing repayment default interest and penalties will be moratorium in place for 90 days due on late payments. Other non- and/or not less than the duration of monetary consequences of delayed the state of emergency. payments such as acceleration or appropriation are also suspended. The Bulgarian National Bank has adopted measures for supporting the liquidity of the bank system.

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Bulgaria Romania Serbia Turkey

3.4 Pharma and During the state of emergency, the Prohibition of export of medical No export of medicines. medical devices parallel export of medicinal products, devices and sanitary materials export of quinine-based medicines that ensure the prevention and shall be prohibited. treatment of COVID-19 associated diseases/ drugs for distribution outside the territory of Romania.

3.5 Other Only as described above - leisure industry due to mandatory shutdown. Public sector due to suspension of work of administration, courts, public enforcement agents etc.

4. Subsidies and financial support available from governmental side

4.1 General for Public discussion on providing Payment from the state budget of Some draft measures considered ▪ Postponement in loans for min. 3 businesses and subsidies and financial support are the technical unemployment, by the Government. months for companies with employers held. Draft measures for limiting the within the limit of 75% of the gross disrupted that cash flow tax procedure burden, provision of salary, but not more than 75% of ▪ Stock financing support for subsidy for payment of the average gross salary. Exporters. remunerations and simplified Increase the limits for ▪ Tax statements re. deductions at procedure for granting support from guaranteeing loans for SMEs, source (e.g. Withholding) will be European funds have been through the National Credit postponed for 3 months. presented. Guarantee Fund for SMEs, with ▪ Temporary income support (via RON 5 billion in a first phase Short-time Working Allowance given to employer) will be

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Bulgaria Romania Serbia Turkey provided to workers in workplaces that halted their activities.

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 system. Public discussions on for 6 months in Retail, adopting financial measures for the Shopping Mall, Iron and Steel, health care sector. Simplified Automotive, Logistics, procurement procedure may be Transportation, Cinema and adopted for this purpose. Theatre, Accommodation, 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 Employees of companies with ▪ Social credit packages with low and individuals suspended activity upon official act of interest

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Bulgaria Romania Serbia Turkey

a competent authority who have not ▪ Min. down payment for benefited of their paid annual leave mortgages will be lowered to are entitled to receive a 10% from 20%. compensation in the amount of 50 ▪ Continue the min wage support. per cent of their gross remuneration. Other measures are being discussed.

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.

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Bulgaria Romania Serbia Turkey 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. 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

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Bulgaria Romania Serbia Turkey

6.2 Other All employers are obliged to facilitate All employers are obliged to work from home for all employees for facilitate work from home for all whose work places such work can be employees for whose work places organized. such work can be organized. All schools, universities and kindergartens are closed down (long-distance learning in place).

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