Poland revamps its de minimis guarantee system

The Polish government will replace the de minimis guarantee system with the new National Guarantee Fund and expects it to grant PLN 9 billion in guarantees per annum, which would translate into PLN 16 billion loans from the lenders. "Instead of a program renewed annually by the government, we want to set up a system that provides permanent, stable access to preferential guarantees for the strategic planning of the use of guarantee instruments, and that the volume of guarantees granted should remain close to the previous years (about PLN 9 billion),” the government said about the initiative.