Up to 5 mln jobs in Poland can be saved: bank
19:52
The financial shield can save up to 5 million jobs in Poland, estimates DNB Bank Polska. However, in the case of companies forced to suspend their operations completely due to the epidemic, government assistance may not be sufficient.
The Polish Development Fund (PFR) predicts that around 670,000 companies that will experience a decrease in revenues, will benefit from financial assistance.
In the opinion of the expert, by launching financial support for enterprises, the Polish government has made a good step towards maintaining the stability of the Polish economy.
"We hope that the promises will be fulfilled and the involvement of the PFR will ensure that the subsidies will reach the neediest entrepreneurs quickly and without unnecessary formalities. This is not the time to extend procedures," Marcin Prusak, member of the management board of DNB Bank Polska, said.
Immediate help is needed because data from various sectors of the economy indicate that Poland is entering a recession.
