PLN 19 billion to be in 2014

Bank Gospodarstwa Krajowego (BGK), a state-owned bank, will earmark PLN 19 billion  by the end of 2014  for investment credits supporting  industrial and logistics infrastructure, Włodzimierz Karpiński, Poland’s Minister of State Treasury, told the Sejm on Tuesday. The undertaking will guarantee PLN 30 billion for 80,000 small and medium companies and the creation of thousands of new jobs and support for the existing ones, Karpiński said. Another state-owned company, Polskie Inwestycje Rozwojowe (PIR), will guarantee PLN 10 billion for investment projects, in particular for the energy, chemical and industry sectors. By the end of 2015 more than PLN 40 billion will be available for the most important sectors, the minister said.