EC proposes €11.2 billion to Poland to support jobs

The European Commission presented on Monday the EU Council a proposal to transfer €11.2 billion to Poland in low-interest loans to support jobs threatened by the crisis caused by the coronavirus pandemic. In total, €81.4 billion is to be allocated to 15 EU countries under this initiative.

"We must do everything we can to protect jobs and livelihoods. Today we took a significant step in this direction," EC President Ursula von der Leyen.said.

After approval of the applications for Poland and other EU countries by the EU Council, financial support will be provided to the capitals in the form of loans granted on favorable terms.

They are designed to help EU countries deal with the sudden increase in public spending to maintain employment. In particular, it is about covering the costs directly related to the financing of mechanisms for reducing the working time and other similar measures, e.g. support for self-employed persons to protect the labor market.

(PAP) https://stooq.pl/n/?f=1371039&c=0&p=4