EC grants Poland EUR 4.3 bln to protect jobs

EU

Mitch Shark/Shutterstock.com

Ursula von der Leyen, the head of the European Commission, tweeted on Tuesday that Poland had received a EUR 4.3 billion loan to help protect jobs, according to a report by Polish news agency PAP.

The total amount of funds earmarked for Poland is EUR 11.2 billion, von der Leyen said, and will come from the SURE financial aid instrument.

SURE was set up to provide up to EUR 100 billion in financial support to all member states. This support, in the form of loans at favorable terms, is designed to help countries cope with sudden spikes in public spending owing to the pandemic and maintain employment.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.