President signs into law bill supporting enterprise in face of coronavirus

Poland's President Andrzej Duda on Tuesday evening signed into law an anti-crisis shield bill designed to aid enterprise in the face of the ongoing coronavirus epidemic. It reduces financial burdens of enterprises, helps them maintain financial liquidity and protects employment.

Presidential spokesman Blażej Spychalski, who announced on Twitter that the president signed the bill into law, said that the head of state had kept his promise and signed the document right after the end of parliamentary work.

"Supporting the Polish economy, agriculture and employees is most important in this difficult time," Spychalski wrote.

The law includes extended credit guarantees for SMEs, the self-employed and employees on unsecured job contracts, as well as facilitations in social security payments. It also frees micro-enterprises and the self-employed from paying social insurance contributions (ZUS) for three months.

In addition to a ZUS break for micro-firms employing up to nine people and those self-employed under certain circumstances, the bill foresees payment of downtime benefits to the tune of PLN 2,000 (EUR 439.8) a month for people on temporary contracts, agency workers and the self-employed, as well as the co-financing of workers' pay up to 40 percent of the average monthly salary for companies in which are having difficulties.

The government's 'anti-crisis shield' comprises five pillars, including the protection of jobs, healthcare funding, financial system stability, support for businesses and public investment.