Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Poland to receive first EU recovery fund payment on April 15

Published 05/04/2024, 17:16
Updated 05/04/2024, 17:21
© Reuters. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023.REUTERS/Johanna Geron/File Photo

WARSAW (Reuters) - The European Commission has accepted Poland's first application for European Union recovery funds on Friday and the country should receive the money on April 15, the Polish Funds and Regional Policy minister said.

Polish Prime Minister Donald Tusk secured the release of funds worth up to 137 billion euros ($148.47 billion) from the EU, ending years of feuding with Brussels over democratic standards under the previous nationalist government.

"A moment ago, the European Commission accepted our first application for payment from the National Recovery Plan," Katarzyna Pelczynska-Nalecz wrote on social media platform X.

"Now we are just waiting for the transfer. 6.3 billion euros should be in Poland on April 15," the minister said.

($1 = 0.9228 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.