President ratifies ‘anti-crisis shield’

President Andrzej Duda has signed the laws creating the so-called anti-crisis shield to combat the coronavirus disease spread, Błażej Spychalski, from the president’s office, said.

The package of laws includes the amendment to the act on special solutions related to the prevention and eradication of Covid-19 disease, the act on granting public aid to rescue or restructure entrepreneurs, the amendment to the act on the system of development institutions (PFR).

A package of laws forming the so-called anti-crisis shield assumes the release of small entrepreneurs from paying social security contributions for three months, the introduction of the so-called stalling and a number of credit instruments for small and large companies. According to the government, the total value of this package is at least 10 percent of Poland’s GDP.

(ISBnews)