Sweden

No amount/estimate: (i) 24 March 2020, Reduction of lending rate for overnight loans by 55 basis points (from 0.75% to 0.2%) while leaving the repo rate unchanged at 0%; (ii) 1 July 2020: (a) Cut the interest rate on the standing loan facility from the repo rate plus 0.2 percentage points to the repo rate plus 0.1 percentage points; (b) Cut the interest rate and offered longer maturities on the weekly extraordinary loans to banks-the interest rate is cut from the repo rate plus 0.2 percentage points to the repo rate, (c) Cut the interest supplement that applies if the requirement for onward lending to Swedish companies is not met, from 0.20 percentage points to 0.10 percentage points.

(i) No amount/estimate: On 24 March 2020, the Financial Supervisory Authority (FSA) stressed that it expects credit institutions to stop this year's dividend payments and use the earnings to further strengthen their capital; (ii) Temporary recognition of all credit institutions under the supervision of the FSA as counterparties, enabling them to access the new lending facility; (iii) Easing of countercyclical capital buffer by 2.5 percentage points; (iv) Extension of the phase-in period for the banks to comply with the new minimum requirements for own funds and eligible liabilities (MREL) until 2024 (from 2022); (v) 30 June 2020, The FSA has urged supervised banks and credit institutions to refrain from paying dividends or buying back shares; (vi) 1 July 2020, loans are offered at maturities of three months and six months; (vii) Extended the maturity on loans to banks for onward lending to companies from two to up to four years; (viii) 13 January 2021, The Riksbank has strengthened the risk buffer through a financial risk provision of SEK5 billion for 2020 due to the increased financial risks brought on by the government's response to the COVID-19 pandemic.

(i) 25 March 2020, SEK315 billion, companies can defer 3 months payment of employer social security contributions, preliminary tax on salaries and VAT for up to 12 months, with interest; 4 February 2021, Extension of tax deferral for crisis-stricken companies. The new law contains several changes including 6-month deferral of tax payments. Fully utilized, this means an additional SEK300 billion in liquidity reinforcement; (ii) 25 March 2020, To support SMEs, it will also be allowed to defer the value-added tax reported annually. Hence, companies can defer the payment of last year's VAT that is due shortly. If this is used to the maximum, it can amount to SEK7 billion; (iii) SMEs can claim back the preliminary tax paid in 2019 and either pay it later or set it off against future losses (the maximum liquidity reinforcement could amount to SEK13 billion).

25 March 2020, (i) SEK20 billion for cancelling taxable profits of SMEs (sole proprietors and partners in Swedish partnerships) for 2019; (ii) SEK33 billion for temporary reduction of employers' social security contributions to the old age pension contribution.

(i) 16 March 2020, SEK20 billion subsidy for short-term lay-offs; (ii) 7 May 2020, Higher ceiling for unemployment insurance benefits (SEK1.1 billion); (iii) 2 September 2020, EUR8.5 million in total compensation is allocated for parents who pay the costs for childcare entirely themselves because of COVID-19; (iv) 18 December 2020, SEK1 billion in the 2021 budget to be distributed as scholarships and support to artists and other actors in the cultural field; (vi) 12 January 2021, Increased opportunity for short-term layoffs as a result of a new pandemic law. From January to March 2021, companies will be able to reduce working hours up to 80% (from maximum 60%). The state will cover 75% of the cost of reducing working hours. It is tentatively estimated that the total cost of short-term work will amount to SEK10.7 billion in 2021. 19 February 2021, SEK1.2 billion for the extension of the support until April 2021. 10 May 2021, SEK1.66 billion for the extension of the short-term support for 3 more months from July to September 2021; (vii) 9 March 2021, The government intends to extend the compensation to risk groups and certain relatives until the vaccinations for people in risk group are completed. The measures that are extended include: (a) some sickness benefit for preventive purposes for certain risk groups; (b) some carrier allowance for certain relatives of risk groups; (c) preventive temporary parental benefit for parents of some recently seriously ill children. 15 April 2021, SEK1.7 billion in the Spring budget is allocated for this support; (ix) 24 March 2021, SEK560 million in the Spring budget for the housing allowance of eligible families with children; 15 April 2021, (x) SEK100 million in the Spring budget for the extension of tax and charge exemption for free parking benefit.

(i) 25 March 2020, SEK5 billion for temporary discount for rental costs in vulnerable sectors (consumer goods, hotels, restaurants and certain other activities), government covering 50%; (ii) No amount/estimate: 7 July 2020, The Government has adopted an ordinance that enables the provision of compensation for the temporary suspension of fishing activities – tie-up support – to commercial fishers who have been particularly affected by the COVID-19 pandemic; (iii) 7 July 2020, As a way to mitigate the economic consequences of the virus outbreak, the government allocates SEK5 billion in support of reduced fixed rents for vulnerable industries in sectors such as retail, hotels, restaurants and certain other activities; (iv) 16 July 2020, SEK70 million for capacity-building initiatives in the hospitality industry; (v) No amount/estimate: 17 July 2020, Compensation will be given for ships that have been taken out of service due to the spread of the coronavirus; (vi) 6 August 2020, Corona crisis support of SEK500 million to the news media; (vii) No amount/estimate: 16 October 2020, An extended adjustment support for May and June and July, respectively, has now been approved by the EC. The aid will be granted to companies that have had a certain loss of turnover between two reference periods; (viii) No amount/estimate: 12 January 2021, Companies that lose a large part of their turnover during the periods November-December 2020 and January-February 2021 will be able to have up to 90% of their fixed costs reimbursed through the adjustment support; (ix) No amount/estimate: 18 January 2021, Companies that have lost all their sales during a period due to closure will be able to get 100% of their fixed costs reimbursed, up to a ceiling of SEK75 million per company and month. The support is aimed at companies that have been prevented from conducting their business as a result of closure decisions issued with the support of the Pandemic Act and lost at least 30% of sales; (v) 5 January 2021, SEK50 million for compensation for providers of PPEs of personal assistants. 4 March 2021, SEK75 million grant for the extension of the compensation period; (x) 12 February 2021, The EC approved the SEK14 billion scheme to support uncovered fixed costs of companies affected by the coronavirus outbreak. The purpose of the scheme is to mitigate the economic difficulties and the sudden liquidity shortages that the beneficiaries are facing due to the restrictive measures imposed by the Swedish government to limit the spread of the coronavirus; (xii) No amount/estimate: 9 March 2021, The EC has approved Sweden’s state aid to introduce increased adjustment support for June and July, which is aimed at Swedish companies that lost turnover during June and July due to the ban on gathering more than 50 people at public gatherings and public events, Sweden's entry ban for countries outside the EEA / Switzerland or the Foreign Ministry's travel recommendations; (xiii) 10 March 2010, The government notified the European Commission (EC) of the reintroduction of the rent rebate for the period January-March 2021. EC approved the state aid on 31 March 2021. 8 April 2021, The government is now proposing to extend the subsidy until 30 June 2021. The support is designed so that landlords who reduce the fixed rent for tenants during the period 1 January to 31 March 2021 are compensated with 50 percent of the reduced fixed rent. 15 April 2021, SEK3 billion is allocated in the Spring budget for the extension of this support; (xiv) No amount/estimate: 18 March 2021, The government introduced new turnover-based support for trading partnerships in which at least one partner is a natural person; (xv) 24 March 2021, SEK6.2 billion for the extension of the regular adjustment support until June 2021 for companies that have lost more than 30% of their sales compared to the corresponding month in 2019. Support will be given for a share of companies’ uncovered fixed costs; (xvi) 25 March 2021, Turnover-based support to sole traders and trading companies with at least one natural person as a partner will be extended until June 2021. Support is provided at 75% of the actual turnover loss. 15 April 2021, SEK2 billion is being allocated for this support in the Spring budget; (xvii) 1 April 2021, SEK2.3 billion for the extension of the adjustment support for particularly affected companies until April 2021. The aid reimburses a share of the company's fixed costs depending on the percentage loss of sales caused by the designated restrictions; (xviii) 1 April 2021, The government is proposing SEK2.5 billion for the extension until June 2021 of the compensation to employers for the part of the sick pay cost that exceeds the normal; 15 April 2021, (xix) SEK600 million in the Spring budget for the extension of turnover-based support for trading partnerships; (xx) SEK200 millin in the Spring budget for the reduced employers' social security contributions for young people in the summer months.

(i) 20 March 2020, SEK500 million (EUR45 million) for cultural activities that lose revenue as a result of the restriction on public events and the same amount for sports. 12 June 2020, Investment of SEK 150 million for regional and local culture will support the cultural infrastructure. 9 September 2020, SEK1.5 billion in extra support for culture in 2020; (ii) 19 May 2020, Allocated SEK720 million to extend maintenance work on railways, and increased road maintenance by SEK300 million. In light of the coronavirus, the reduced traffic allowed the government to pursue infrastructure spending. In addition to improvements in rail and road networks, the investment also contributes positively to employment; (iii) 27 May 2020, The Swedish Agency for Economic and Regional Growth mandate is being strengthened (SEK11 million) to facilitate the matching of unemployed people to the green industries; (iv) 2 July 2020, SEK100 million is allocated so that municipalities can offer jobs for young people this fall; (v) 7 July 2020, SEK3.3 million in 2020 for educational programs in shortage occupations, and SEK1.7 million for lifelong learning at the Swedish University of Agricultural Sciences; (vi) 4 September 2020, SEK30 million is set aside to support the municipalities' work to strengthen medical care; (vii) No amount/estimate: 28 September 2020, The government has also decided to expand the opportunities for jobseekers to study for up to a year while retaining financial compensation when it is justified to be able to get a job; (viii) As of 23 December 2020, EUR151.6 million (SEK1.35 billion) has been allocated to Sweden for the European Agricultural Fund for Rural Development (EAFRD) under NexGenerationEU. Areas supported by the fund include assistance in the setting up of young farmers, agri-environmental and climate measures, assistance for areas facing natural constraints, support for organic farming, protection of biodiversity, investment in the agri-food and forestry sectors, etc.; (ix) 13 January 2021, SEK30 million to strengthen the conditions for distance education; (x) 26 February 2021, SEK60 million to further strengthen organizations working for society's most vulnerable during the corona crisis; (xi) 4 April 2021, SEK200 million targeted subsidy to municipalities for infection-proof and free holiday activities for children and young people; (xii) 15 April 2021, Allocations in the Spring budget: (a) SEK3.2 billion for increased number of persons in short-term work; (b) SEK400 million for the reinforcement of the Rural Development Program; (c) SEK2 billion for the extension of support for the culture sector and sports movement; (d) SEK3.5 billion for event support; (xiii) 19 May 2021, Additional SEK600 million to sport to mitigate the economic impact of the COVID-19 pandemic, facilitate the resumption of activities once the situation allows and contribute to gender-equal and equitable sports activities.

(ii) 19 May 2021, Additional SEK750 million for the extension of emergency support distributed to public cultural activities, artists and other actors in the area of culture.(i) As of 23 December 2020, EUR288 million (USD260.352 million) has been allocated to Sweden under REACT_EU (Recovery Assistance for Cohesion and the Territories of Europe) of NextGenerationEU. REACT-EU funds are intended to support: job maintenance, including through short-time work schemes and support for the self-employed; job creation and youth employment measures; health care systems; and the provision of working capital and investment support for small and medium-sized enterprises. The additional support will also serve to invest in the European Green Deal and digital transition, as an enhancement to the significant investment in those areas that is already taking place through EU cohesion policy;

(i) 10 December 2020, The Nordic Investment Bank signed a seven-year loan agreement of SEK500 million (EUR49.24 million) with Swedish airport operator Swedavia AB to cope with the challenges caused by the COVID-19 pandemic; (ii) As of 23 December 2020, EUR151.6 million (USD167.7 million or SEK1.65 billion) has been allocated to Sweden for the European Agricultural Fund for Rural Development (EAFRD) under NexGenerationEU; (iii) As of 23 December 2020, EUR288 million (USD318.58 million or SEK3.13 billion) has been allocated to France under REACT_EU (Recovery Assistance for Cohesion and the Territories of Europe) of NextGenerationEU.