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State aid: Commission approves €7.8 billion Polish schemes to support companies affected by the #Coronavirus outbreak

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The European Commission has approved 11 Polish state aid schemes, with a total budget of PLN 35.1 billion (approximately €7.8bn), to support the Polish economy in the context of the coronavirus outbreak.

The schemes were approved under the state aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. Under the schemes, the public support will take the form of (i) direct grants, (ii) repayable advances, (iii) tax and payments advantages, (iv) deferrals of tax payments and (vi) wage subsidies. The schemes aim at providing businesses which are particularly affected by the coronavirus outbreak with sufficient liquidity to cover their immediate working capital and investment needs, thus enabling them to continue their activities, start investments and maintain employment. The Commission found that the Polish schemes are in line with the conditions set out in the Temporary Framework.

The Commission therefore concluded that the Polish measures are necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State, in line with Article 107(3)(b) TFEU and the conditions set out in the Temporary Framework.

On this basis, the Commission approved the measures under EU state aid rules. Executive Vice President Margrethe Vestager (pictured), in charge of competition policy, said: “These 11 schemes with an overall budget of €7.8bn will enable Poland to support companies and self-employed workers in addressing their immediate liquidity needs, thus alleviating their financial burden in the current crisis. This will help businesses minimize the economic losses linked to the coronavirus crisis and maintain jobs. Some may hibernate, others continue their activities. We work closely with member states to ensure that national support measures can be put in place in a coordinated and effective way, in line with EU rules.”

The full press release is available online. 

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