EC writes off state aid for Polish companies

The European Commission has agreed to waive 100 percent of subsidies granted to companies in spring under the Polish Development Fund shield, Deputy Prime Minister, Minister of Development, Labour and Technology Jaroslaw Gowin announced on Thursday.

Gowin said that Polish authorities are now negotiating with the EC approval for further aid measures.

"At this moment, I can announce good news - the Commission has agreed to extend all existing support instruments used since spring," said Gowin.

The deputy prime minister also said that "Poland is still a leader when it comes to negotiating a completely new instrument, we want to refinance up to 70 percent of fixed costs of companies affected by the (Covid-related) restrictions."

Gowin announced that the government has decided to allocate an additional, large sum to support dozens of industries hit by restrictions. "The successive aid shield is to be worth around PLN 40 billion (EUR 9 billion)," said the minister.