Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure PL-2021-1/1636 – Updated – measures in Poland
|Country||Poland , applies nationwide|
|Time period||Temporary, 01 January 2021 – 31 March 2021|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Jan Czarzasty (Warsaw School of Economics)|
|Measure added||30 December 2020 (updated 29 September 2023)|
After the Financial Shield 1.0 was implemented from April 2020 onwards see case PL-2020-20/806 a follow-up programme has been devised.
Just like the original regulation, the follow-up is based on the Act amending the Act on the System of Development Institutions facilitating public support programme commonly referred to as the Financial Shield, operated by the Polish Development Fund (Polski Fundusz Rozwoju). The programme is divided into specific sub-sets of measures targeting:
The former is further divided into two segments:
The programme still targets large firms (over 249 employees) with annual turnover of more than €50 million. The main development that the follow-up scheme brings will be a new version of the preferential loan, with a new COVID-19 damage period lasting until 31 March 2021. The total amount of aid under the scheme foreseen is PLN 25 billion (some €5.5 billion).
Financial Shield 2.0 will differ from the original in such key aspects as:
Applications can be submitted from 1 January 2021 until the end of March (provided the approval of the European Commission is granted), so it cannot be established yet what will the impact be.
Not known yet. The scheme needs to be approved by the European Commission first. The application process commences on 1 January 2021.
|Does not apply to workers||
||Does not apply to citizens|
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
The views are critical. Social partners see the measures as not adequate.
Eurofound (2020), Financial Shield 2.0: Large enterprises, measure PL-2021-1/1636 (measures in Poland), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/PL-2021-1_1636.html
30 January 2023
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Although the worldwide pandemic situation had already disrupted supply chains and triggered increases in energy and food prices in 2021, the situation deteriorated in 2022 with the Russian invasion of Ukraine.Article
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.