Polish investors sign nearly 48,000 EU co-financed agreements

Polish investors have signed 47,616 EU co-financed agreements on the implementation of projects worth a total of PLN 386 billion (EUR 90 billion), Deputy Investment and Development Minister Małgorzata Jarosińska-Jedynak said on Monday.

Co-financing for the signed contracts is expected to reach PLN 235 billion (EUR 35 billion), which equals to 71 percent of the allocation of EU funds, she added.

According to data from March 10, as part of the 2014-2020 EU financial perspective, the government has received over 103,763 applications for a total sum of PLN 628 billion (EUR 146 billion), where the EU's contribution could reach almost PLN 388 billion (EUR 90 billion), the deputy investment and development minister announced at Monday's meeting of the Sejm's Economic Committee.

As Jarosińska-Jedynak pointed out, EU funds provide effective support for domestic entrepreneurs and therefore for faster economic growth. She added that entrepreneurs have "easier access to attractive financing both through direct subsidies and various types of financial instruments, such as loans."