EC approves EUR 123 million Polish programme to support companies

The aid measure is limited in time, and excludes companies that were in poor financial condition before December 31, 2019. Grzegorz Michałowski/PAP

The European Commission has approved a PLN 545 million (EUR 123 million) Polish scheme to support companies affected by the coronavirus outbreak.

The scheme was approved under the Temporary State Aid Framework.

The support will take the form of a reduction of the annual fee due for the perpetual usufruct and an exemption of the rent, lease or usufruct fees owed by companies that use publicly owned real estate for their business activities.

The objective of the measure is to mitigate the liquidity shortages, that companies have experienced as a result of the coronavirus outbreak, by reducing certain real estate fees they have to bear in connection with their business activities.

The aid measure is limited in time, and excludes companies that were in poor financial condition before December 31, 2019. The Commission concluded that the measure is necessary, appropriate and proportionate to remedy the serious disturbance in the economy.