Government readies new tools to combat economic crisis - dep PM

Tomasz Gzell/PAP

The government's new tools to support the Polish economy affected by the Covid-19 epidemic will include "micro-shields" for the most endangered industries, deputy PM and Development Minister Jadwiga Emilewicz told Dziennik Gazeta Prawna daily on Monday.

Emilewicz said that such support measures for Polish companies in crisis as downtime benefits and facilitations in social security payments under the government's so-called anti-crisis shield as well as financial aid under the Financial Shield are slowly expiring.

"Companies will be supported not directly by the transfer of funds, but by activities that will stimulate their business, she said.

She added that the development ministry has prepared "micro-shields" for select sectors that continue to suffer from the effects of the pandemic. Among businesses that could be covered by this dedicated support she mentioned the coach transport industry, tour operators and guides as well as fair, congress and exhibition organisers.

The biggest challenge on the macro scale, according to Emilewicz, are large public investments that need support to be launched fast.

In her opinion, it is also important that the pace of foreign investment does not drop. "We are currently working on a solution for strategic investors (...). An entrepreneur who meets certain conditions will be able to receive non-material support, such as facilitations in procedural matters, for investment projects of strategic importance for the Polish economy," she said.