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 – Updated – measures in Poland
|Country||Poland , applies nationwide|
|Time period||Temporary, 01 September 2022 – 31 December 2023|
|Context||War in Ukraine|
|Type||Other initiatives or policies|
Supporting businesses to stay afloat
– Access to finance
|Author||Jan Czarzasty (Warsaw School of Economics)|
|Measure added||05 September 2022 (updated 17 July 2023)|
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.
The Crisis Guarantees Fund (FGK) was initially created in April with the budget of PLN 5.5 billion (€1.2 trillion).
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. €5.48 trillion). The new total of the fund amounts to PLN 30 billion (€6.7 trillion). The budget will remain at this size until the end of 2022.
BGK will guarantee up to 80% of the loan, the maximum amount of the help per case is PLN 200 million (€44.7 million) and the maximum amount of the loan is PLN 250 million (€55.9 million). The maximum length of the guarantee is six years.
Medium and large companies are the primary targets of this measure and are eligible to apply for guarantees.
No data to report at the moment.
|Does not apply to workers||
||Does not apply to citizens|
EU (Council, EC, EP)
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
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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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.