Polish gov’t vows more aid to virus-stricken economy

Photo by Pawel Michalowski/Shutterstock.com
Poland’s government plans to present more proposals to help Polish companies survive the coronavirus crisis by the end of this week, Deputy Prime Minister Jadwiga Emilewicz said on Tuesday.
Photo by Pawel Michalowski/Shutterstock.com
According to Polska Agencja Prasowa SA (the Polish Press Agency or PAP) and Informacyjna Agencja Radiowa (IAR), of Polskie Radio, the planned new measures include a multimillion loan subsidy program aiming to support businesspeople who are at risk of losing or have already lost their financial liquidity, Emilewicz said.
She added that the program, expected to be coordinated by state-owned Bank Gospodarstwa Krajowego (BGK), would be worth PLN 270 million (EUR 60 million) this year alone.
Emilewicz, who also serves as Poland’s development minister, was speaking at a joint news conference in Warsaw with Prime Minister Mateusz Morawiecki and Labor Minister Marlena Maląg, the news agencies said.
ADVERTISEMENT
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.