Billions of euros for Poland. The European Commission agreed to disburse the funds

Billions of euros for Poland. The European Commission agreed to disburse the funds
Billions of euros for Poland. The European Commission agreed to disburse the funds
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The European Commission has given the “green light” to pay Poland five billion euros as advance payments from the modified National Reconstruction Plan. These are not funds that have been blocked due to judicial reforms in Poland, but money from the RePowerEU program. – The funds may reach Poland before Christmas – said Andrzej Wyrwiński, Polsat News correspondent in Brussels.

Five billion euros (approximately PLN 22 billion) are funds allocated under the RePowerEU program, which is intended to help become independent from fossil fuels from Russia.

SEE: European Central Bank considering raising interest rates? All options are on the table!

The consent to pay five billion euros in advances does not mean “unlocking” funds from the National Reconstruction Plan. This money is still dependent on the state of the rule of law in Poland.

“The main part of the KPO money is still blocked”

– After the war in Ukraine broke out, the KPO was expanded. More money appeared on the table and was intended to help European economies become independent from Russian oil and gas. This is another EUR 25 billion that Poland is fighting for. To get this money, you do not have to meet milestones or reform the judiciary. All you need to do is fill out the payment applications correctly, and that’s what Mateusz Morawiecki’s government did – explained Andrzej Wyrwiński, Polsat News correspondent in Brussels.

– Unfortunately, the main part of the money, over EUR 35 billion from the KPO, is still blocked. It does not seem that changing the government is enough to get them, he added.

SEE: M. Morawiecki wants a meeting with S. Hołownia. “I’ll be happy to show up”

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The correspondent reported that EUR 5 billion in advance payments may reach Poland before Christmas.

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The article is in Polish

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Tags: Billions euros Poland European Commission agreed disburse funds

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