• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

EU approves Poland’s application for $10 billion in pandemic recovery funds

by November 12, 2024
written by November 12, 2024

WARSAW (Reuters) – The EU Commission has approved Poland’s application for further installments of European Union pandemic recovery funds worth 9.4 billion euros ($9.96 billion), the Commission said in a statement on Tuesday.

Poland said it expects the funds to be transferred by the end of the year after the Commission said Warsaw had achieved the targets set out for the second and third tranches.

“It will be the largest single EU fund transfer ever received by our country,” the ministry for funds and regional development said in a statement.

Poland has already secured the release of billions of euros aimed at helping EU members recover from the COVID-19 pandemic in return for commitments of rule-of-law reforms by Prime Minister Donald Tusk, who assumed office last year.

The funds, previously suspended over concerns about the independence of the judiciary, will support Poland’s economy, which the European Commission predicts will expand by 2.8% this year, outperforming its central European peers.

Minister of Funds and Regional Policy, Katarzyna Pelczynska-Nalecz, said on X that Poland plans to send the fourth and fifth applications for payment at the end of 2024.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
US consumers see lower inflation and debt delinquency risk, NY Fed survey shows
next post
Spain stocks lower at close of trade; IBEX 35 down 1.85%

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Gap, Ross Stores, Texas Pacific rise premarket;Intuit and Reddit fall
    • Paramount chair Shari Redstone will leave board after Skydance merger, Bloomberg News reports

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy