Polish companies received PLN 100 billion (EUR 22.46 billion), some 5 percent of the country’s GDP under the government anti-crisis shield scheme launched 100 days ago.
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.
The Sejm (lower house) passed the 'Anti-Crisis Shield 4.0' on Thursday , the fourth economic relief package aimed at counteracting the coronavirus crisis, with measures including loan payment suspension and prolonged care allowance.
To date, more than 1.1 million low-interest redeemable loans have been made available to micro-enterprises to a value of over PLN 5.8 billion (EUR 1.31 billion), Family, Labour and Social Policy Minister Marlena Maląg has told PAP.
The Polish economic relief programme in the midst of the coronavirus epidemic was not only the largest in the region, but also the most innovative, PM Mateusz Morawiecki told participants of the Impact conference in Kraków, southern Poland, on Wednesday.
Family and Labour Minister Marlena Maląg has told PAP that Poland has managed to stop a mass-scale unemployment rise, and added that 73,300 new jobless were registered in the first three weeks of May, down by 1,000 from the previous month.
Fifty-seven percent of Polish companies have received government aid so far, PM Mateusz Morawiecki said on Thursday.
Pointing to Poland’s impressive GDP figures and the government’s handling of the coronavirus, PM Morawiecki said at a press meeting on Friday: "Together we'll come out of this crisis victorious.”
The Polish Development Fund (PFR) has paid out nearly PLN 25 billion (EUR 5.49 billion) in aid to companies over the past weeks under its financial shield mechanism, PFR deputy head Bartosz Marczuk wrote on Twitter on Friday.
Prime Minister Mateusz Morawiecki said on Wednesday that the government wants to rescue as many work places as possible and that two million jobs have already been saved thanks to the benefits of the economic package in the so-called anti-crisis shield.