EU provides EUR 106 bln for Polish investments in 2014-2020 - ministry

Last year, Poland did not lose any EU money due to EC clearance breaches, unlike the United Kingdom, Slovakia, Italy, Greece, Spain, Hungary, France and Sweden, Funds Minister Małgorzata Jarosińska-Jedynak was quoted as saying in the report. Artur Reszko/PAP

The value of Polish investments that were co-funded by EU money in the bloc's 2014-2020 budget reached PLN 450 bln (EUR 106 bln) as of the end of 2019, the Ministry of Funds and Regional Policy reported on Thursday.

Poland has already invested 83 percent of the funds made available to it in the current EU budget and has cleared nearly 41 percent of them with the European Commission (EC), the EU's executive body, the ministry's report shows.

Last year, Poland did not lose any EU money due to EC clearance breaches, unlike the United Kingdom, Slovakia, Italy, Greece, Spain, Hungary, France and Sweden, Funds Minister Małgorzata Jarosińska-Jedynak was quoted as saying in the report.

The year 2023 will be the most difficult for Polish investors as funds that need to be cleared will pile up at that time, Jarosińska-Jedynak also said.

EU member states are still negotiating the size and the principles governing the bloc's next seven-year budget, which will likely be smaller due to the United Kingdom's departure from the EU.