Poland to receive EU recovery fund: PM - Warsaw News

Warsaw, Nov 25 (IANS) Poland will receive support from the European Union (EU) post-pandemic recovery fund within a year and a half, Prime Minister Mateusz Morawiecki said.

by IANS | Updated Nov 25, 2022

Poland to receive EU recovery fund: PM - Warsaw News

"Our side is in ongoing talks and in ... a year or a year and a half, we will receive this money, which is why we have already started on certain projects which are being pre-financed by the Polish Development Fund," Xinhua news agency quoted Morawiecki as saying to the local media on Thursday.

"Everything is going according to plan," he added.

The prime minister also said that Poland and Hungary were in "completely different places when it comes to negotiating for EU funds", and were not working together on the issue.

Both countries are deeply euro-sceptic, and have been frozen out of the fund due to their respective disputes with Brussels.

In early June, the European Commission (EC) approved Poland's National Recovery Plan, which outlines how the Polish government will spend the recovery fund.

The approval opened the way for Warsaw to receive 23.9 billion euros ($24.9 billion) in grants, and 11.5 billion euros in loans from the bloc's post-pandemic Recovery and Resilience Facility.

However, the EC has refused to grant Poland access to funding until it meets several conditions regarding the country's application of the rule-of-law.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

Related Articles

  • Iranian FM holds phone talk with EU foreign policy chief
  • Iran begins construction of new nuclear power plant
  • Indian-American fired by Musk as Twitter legal head at centre of censorship controversy
  • New Pak Army chief warns India of 'any misadventure' during LoC visit
  • Suspect involved in attack on Pakistan embassy in Kabul arrested
  • Pakistan repays $1b bond, dismisses perception of default
  • Imran wants new military leadership to disassociate from Gen Bajwa's 'fascist actions'
  • Seven vessels with agricultural products leave Ukraine's ports
  • IMF can't dictate Pakistan government: Finance Minister
  • World food prices fall slightly in Nov: FAO