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.
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.
According to the ranking by British website Utility Bidder, the capital came third out of 70 OECD countries in terms of average salary, annual office rent, the cost of electricity, the annual Internet cost and the corporate Tax Rate.
Polish President Andrzej Duda has declared that there is "a green light to offer US companies the best possible investment conditions in Poland," and stated that bilateral trade has recently grown by 50 percent.
Deputy Prime Minister and Minister of Development Jadwiga Emilewicz on Tuesday said that the current number of companies operating in Poland is up by 14,600 compared to before the outbreak of the coronavirus pandemic.
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.
Grants from EU funds including subsidies to wage payments and working capital are helping companies survive the difficult times in the wake of coronavirus, Funds and Regional Policy Minister Malgorzata Jarosinska-Jedynak said on Wednesday.
The Polish Development Fund (PFR) on Tuesday launched a project whereby large Polish companies with over 249 employees could submit requests for coronavirus-related assistance. The programme is worth PLN 25 billion (EUR 5.7 billion), PFR said in a communique.
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.
Rapid reactions and an ability to adapt to new conditions are creating an opportunity for Polish companies to win new markets, Prime Minister Mateusz Morawiecki said on Friday, adding that the economy is starting to pick up.