EC grants Poland EUR 4.3 bln to protect jobs

EU

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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.

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