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-2022-36/2792 – measures in Poland
Country | Poland , applies nationwide |
Time period | Temporary, 01 September 2022 – 31 December 2022 |
Context | War in Ukraine |
Type | Other initiatives or policies |
Category |
Supporting businesses to stay afloat
– Access to finance |
Author | Jan Czarzasty (Warsaw School of Economics) and Eurofound |
Measure added | 05 September 2022 (updated 19 September 2022) |
The Crisis Guarantees Fund (FGK) was initially created in April with the budget of PLN 5.5 billion (€1.2 billion).
Bank Gospodarstwa Krajowego (BGK) provides funds to provide a guarantee for bank loans for enterprises and factoring contracts. The funds can be used to improve liquidity and invest. The loan or a factoring contracts in any currency are eligible.
Legal reference: Ustawa z dnia 12 marca 2022 r. o pomocy obywatelom Ukrainy w związku z konfliktem zbrojnym na terytorium tego państwa, art 21b.
Bank Gospodarstwa Krajowego (BGK) increased the budget of bank guarantees to companies by PLN 24.5 billion (approx. €5.2 billion), now amounting to PLN 30 billion (€6.4 billion) until the end of 2022. Medium and large companies are eligible to apply for guarantees.
BGK will guarantee up to 80% of the loan, the maximum amount of the help per case is PLN 200 million (€42.6 million) and the max amount of the loan is PLN 250 million (€53.2 million). The maximum length of the guarantee is 6 years.
No data to report at the moment.
Workers | Businesses | Citizens |
---|---|---|
Does not apply to workers |
Larger corporations
|
Does not apply to citizens |
Actors | Funding |
---|---|
EU (Council, EC, EP)
|
National funds
Other |
Social partners' role in designing the measure and form of involvement:
Trade unions | Employers' organisations | |
---|---|---|
Role | Unknown | Unknown |
Form | Not applicable | Not applicable |
Social partners' role in the implementation, monitoring and assessment phase:
Unknown.
Unknown.
Citation
Eurofound (2022), Bank guarantees for companies from the Polish national development bank, measure PL-2022-36/2792 (measures in Poland), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/PL-2022-36_2792.html
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