EC proposes €63.8bn for Poland for economic recovery after crisis
18:56
The European Commission is proposing €63.8 billion for Poland in grants and loans for economic reconstruction, the Polish Press Agency said. This means that Poland would become the third country with the largest sum of support granted by the EC among all members of the European Union. Only Italy and Spain would receive a larger amount than Poland.
The value of the entire support fund for EU countries operating under the name "Next Generation EU" is a total of €750 billion.
As much as €500 billion will be provided in grants on the basis of a joint proposal from German Chancellor Angela Merkel and French President Emmanuel Macron, and an additional €250 billion will be paid out in the form of loans.
"I am very happy about this because I called for the creation of a new Marshall Plan for Europe – a recovery plan from this collapse, which mainly hit Western Europe, but which also concerns the economic situation in Poland," Prime Minister Mateusz Morawiecki said.
According to the Prime Minister, the funds from the new aid plan mean about €55 billion more for European cohesion policy in all member states, as well as about €24 billion more for agricultural policy and €32 billion more for so-called ‘just transformation’.
Under grants, Poland would receive a total of €37 billion from the assistance fund. The rest of €63.8 billion would go to our country in the form of loans.
