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Sectors subject to restrictions receive almost EUR 874 mln in aid

Tytus Żmijewski/PAP

Within the Polish Devlopment Fund's (PFR) 'Financial Shield' to mitigate fallout from the COVID-19 crisis, sectors affected by restrictions have received almost PLN 4 billion (EUR 874 million) in support, PFR President Pawel Borys tweeted on Wednesday.

Poland's business relief scheme will boost deficit to 12 pct of GDP

The PFR shield, a multi-billion government programme aimed to prop up Polish businesses hit by the coronavirus crisis, will have to be included in the general government deficit in 2020, raising it to 12 pct of the country's GDP, a deputy minister said.

Gloomy unemployment and wage scenarios not true - official

President of the Polish Development Fund (PFR) Pawel Borys wrote on Twitter on Wednesday that "gloomy predictions regarding unemployment and wages have not come true."

Poland's economy likely to grow by 4-5 pct q/q in Q3 - official

President of the Polish Development Fund (PFR) Pawel Borys on Friday expressed his conviction that Poland's economy was likely to increase by 4-5 percent quarter on quarter in the third quarter of 2020.

Polish firms receive EUR 13.8 billion under anti-crisis package

A total of 345,542 companies employing 3.12 million people have so far received PLN 60.05 billion (EUR 13.75 billion) under the Polish Development Fund's (PFR) financial shield amid the coronavirus pandemic, PFR head Paweł Borys said on Monday.

Most Polish firms want to maintain employment levels - survey

As many as 83 percent of Polish companies plan for employment to remain unchanged despite the coronavirus epidemic, according to the latest research by the state-owned Polish Development Fund (PFR) and the government advisory body, the Polish Economic Institute (PIE).

V-shape recovery ahead, say economists

The year-on-year 0.5-percent increase in Poland's sold industrial production in June is beating all forecasts.

Polish firms receive EUR 12.9 billion under anti-crisis package

Over 325,300 companies employing 3.02 million people have so far received PLN 58.14 billion (EUR 12.9 billion) under the Polish Development Fund's (PFR) financial shield amid the coronavirus pandemic, PFR said on Monday.

Polish firms receive over EUR 18 billion under anti-crisis package

The government has so far granted over PLN 81.8 billion (ca. EUR 18.4 bn) in aid to Polish firms within the framework of the financial shield scheme overseen by the Polish Development Fund (PFR), Labour and Social Policy Minister, Marlena Malag has told PAP.

Polish Development Fund sells EUR 4.1 bln in five-year bonds

The Polish investment vehicle Polish Development Fund (PFR) on Friday sold PLN 18.5 billion (EUR 4.1 billion) in five-year bonds at an annual interest rate of 1.625 percent, PFR head Pawel Borys wrote on Twitter.

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At least 12 dead after Polish bus crashes in Croatia

After skidding into a ditch 30 miles from the Croatian capital Zagreb, at least 12 of the 33 pilgrims onboard were killed.

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Four tonnes of Nazi gold found in buried 18th century palace canister, say WWII treasure hunters

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