EC approves Polish farmer subsidy for war-related losses

The European Commission (EC) has approved Poland's aid program for businesses in the agricultural sector affected by the Russia-Ukraine war, amounting to €176 million (PLN 780 million), as announced by the Commission. The assistance, provided in the form of interest rate subsidies for loans, will benefit companies engaged in the trade or purchase of grains, agricultural plant seeds, and soft fruit freezing or processing, including small and medium-sized enterprises. Over 1,000 beneficiaries are estimated to benefit from the program.

The aim is to offer aid to entities facing liquidity shortages due to the ongoing geopolitical crisis. The EC deemed the Polish program compatible with crisis and transitional frameworks, adhering to set conditions.

Source: inwestycje.pl