EU deducts EUR 30 mln from Poland's funds to cover unpaid fines
The European Commission has deducted tens of millions of euros from Poland's EU funds in order to cover fines Warsaw has refused to pay for failing to comply with a European Court of Justice (ECJ) ruling to suspend operations at a coal mine.
Polish media outlets first reported Wednesday that the money had been withheld, with their findings later confirmed by the Finance Ministry, wrote news portal Notes From Poland.
It is the first time the EU has ever taken such action against a member state. Just over EUR 30 million has been deducted so far, a figure that is likely to rise significantly as Poland currently still owes almost EUR 200 million in unpaid fines.
That number is growing EUR 1 million every day due to Poland's failure to close its disciplinary chamber for judges, as ordered in a separate ECJ ruling.
The Finance Ministry told online radio RMF that the missing funds will be replaced from Poland's state budget, and assured that no beneficiaries of the programs will be affected.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
