Espreso. Global

European Commission approves EUR 137 billion for Poland, farmers to receive 1.4 billion

29 February, 2024 Thursday
19:16

On February 29, the European Commission adopted two legal acts that give Poland access to EU funding of EUR 137 billion. Warsaw will receive the first tranche in the coming weeks

The European Commission issued the statement on its website.

The unlocking of access to EU funding totaling EUR 137 billion is contingent upon reforms in Poland's rule of law and the implementation of measures aimed at addressing the primary challenges to bolstering the independence of the judiciary.

Poland is to receive the first tranche of 6.3 billion in the coming weeks. According to Warsaw's request, this money is needed to implement 25 ambitious reforms and 5 key investments that will help increase the resilience and competitiveness of the country's economy, promote green energy and digital transformation, and support health and clean mobility.

Funds are also needed to support farmers.

"Worth €1.4 billion, one of the biggest measures in the Polish plan concerns investment in the agricultural sector. Support is also already flowing to thousands of farmers and fishermen, as well as SMEs in the agricultural sector, to help them expand and modernise their production and enter new markets," the European Commission said.

Another item of expenditure is to promote investment in the construction of onshore wind farms and improve air quality in Poland.

By 2027, Poland will receive EUR 59.8 billion from the Recovery and Resilience Facility (RRF), of which EUR 25.3 billion are grants and EUR 34.5 billion are loans.

Another EUR 76.5 billion will be provided to Poland from the Cohesion Policy funds.

The European Commission indicates that it will closely and constantly monitor Poland's implementation of the measures taken to strengthen the rule of law through monitoring committees, annual performance evaluation meetings, reports and audits.

The European Commission will freeze funding for Poland if it finds that the measures taken are not being implemented.

  • On February 24, European Commission President Ursula von der Leyen promised Polish Prime Minister Tusk that the EU would unblock EUR 137 billion for Poland, frozen due to the rule of law issues.

Tags:
Read also:
  • News
2024, Thursday
18 April
21:59
Review
Victorious news of 785th day of war: Ukraine has drones able to hit targets in Siberia, Germany will supply more air defense systems
21:38
97% of Russian attacks target civilian infrastructure - Ukraine in OSCE
21:18
Ukraine may get seven more Patriot systems from Germany and partners - Scholz
21:00
Ukraine develops drones capable of 3,000 kilometers range, reaching Siberia — The Economist
20:41
Denmark will be first country to buy Ukraine-produced weapons for Ukraine's army
20:20
Exclusive
China's position on Moscow's invitation to Global Peace Summit is weak, diplomat Chaly explains
20:00
Poland detains Russian agent planning assassination attempt on Zelenskyy
19:45
"Destroying 10,000 solar power plants is very difficult": German Vice Chancellor proposes ways to counter Russia's energy terrorism
19:26
Exclusive
Ukraine destroyed Russia’s air defense node — Defense Express on Crimea strike 
19:05
Exclusive
European fear of nuclear weapons only encourages Russia — national security expert Varchenko
18:43
"We can't accept it": Slovaks crowdfund shells for Ukraine as government fails to back Czech initiative
18:20
Russian diesel exports down by 25% after drone attacks on refineries - Bloomberg
18:00
Ukraine is set to produce 10 Bohdana artillery systems in April, more in May — Zelenskyy
17:38
Transnistria asks Russia to strengthen security of Dubasari HPP due to "tense situation"
17:17
OPINION
Draft law on US aid to Ukraine: Johnson gives ultimatums
16:56
Russia builds new Asia trade routes
16:37
Exclusive
Russia has many old armored vehicles beyond Urals — Lieutenant General Romanenko
16:20
Russian forces launch guided bombs in Kharkiv and Donetsk regions
16:05
Ukrainian court confiscates assets of former aircraft engine builder's head Boguslayev accused of treason
15:49
More air defense system heading to Ukraine, says Iris-T manufacturer
15:30
Microsoft discovers start of Russian influence efforts aimed at US elections
15:12
Russia to launch offensive in June to seize more territory in Donetsk, Luhansk regions - Ukraine's spy chief
14:54
Borrell calls on EU countries to transfer air defense systems from their arsenals to Ukraine
14:35
Exclusive
Two main directions, two auxiliary ones: Ukrainian Colonel Selezniov suggests where Russia will attack in summer
14:17
UK intelligence analyzes activity of Russian Black Sea Fleet after commander’s replacement
13:55
Updated
Ukraine reveals what Russian equipment was destroyed by strike on Dzhankoi airbase in Crimea
13:41
BBC confirms deaths of at least 50,000 Russian troops
13:22
Former Russian soldier shoots two residents in occupied Lysychansk
13:03
OPINION
Why is it believed that only Ukrainians dance on rakes?
12:18
Exclusive
Political expert Rozumnyi: West starts undermining legitimacy of Putin's regime
12:03
G7 countries won't unfreeze Russian assets until Ukraine is compensated for losses
11:40
543 Ukrainian children killed, 1,296 injured due to Russian aggression
11:21
Review
Russia changes tactics of assaults near Chasiv Yar, Ukrainian army successfully attacks Dzhankoi airfield. Column by Serhiy Zgurets
10:59
Updated
Johnson to put on floor Ukraine aid bill on April 20, Biden promises to sign it immediately
10:40
Exclusive
Russians may retry offensive on northern Ukraine, considering past mistakes - military
10:18
Ukrainian Armed Forces eliminate 910 Russian soldiers, 13 artillery systems, 3 tanks per day
09:59
Exclusive
Chasiv Yar isn't only politically important: Ukrainian major general on capturing town by May 9
09:43
Updated
Russian missile strike on April 17: search and rescue operation completed in Chernihiv
2024, Wednesday
17 April
21:40
Review
Victorious news of 784th day of war: military airfield hit in Crimea, Mi-8 destroyed in Samara
21:25
Frontline update: Ukrainian troops repel 19 attacks in Bakhmut sector over last day
More news