EC approves Polish aid program for enterprises worth PLN 35.1 bln

The European Commission approved 11 state aid programs thanks to which Poland wants to support the economy in connection coronavirus pandemic. The total budget of these programs is PLN 35.1 billion (approx. €7.8 billion), the Commission informed.

The programs were approved under the provisional State Aid Framework, adopted by the Commission in March, and amended in April 2020.

"Thanks to these 11 programs with a total budget of €7.8 billion, Poland will provide entrepreneurs and self-employed people with support that will allow them to meet urgent liquidity needs. This will reduce their financial burden due to the current crisis. Enterprises will be able to minimize economic losses incurred during the coronavirus crisis and keep jobs," Margrethe Vestager, Executive Vice President, responsible for competition policy, said.

According to estimates, about 2.5 million enterprises, including 2 million self-employed, are to use them.

(ISBnews)