Poland gets EUR 5bn in recovery funds from EU

Poland has received the first tranche of the European Union post-pandemic recovery funds, worth EUR 5 billion, for green energy, the government in Warsaw has said.

The headquarters of the European Union's executive Commission in Brussels.

Jai79, CC0, via Wikimedia Commons

The minister for EU funds and regional policy, Katarzyna Pełczyńska-Nałęcz, announced the payment from Brussels on the X social media platform on Thursday.

The minister wrote that "Poland has just received EUR 5 billion from the REPowerEU programme," as part of the EU recovery funds earmarked for the country.

Pełczyńska-Nałęcz added the money would be allocated for "low-cost green energy for Polish citizens."  

Z radością informuję, że do 🇵🇱właśnie wpłynęło 5 mld euro z programu RePowerEU będącego częścią KPO. To pieniądze na tanią zieloną energię dla polskich obywateli. #czasinwestycji

— Katarzyna Pełczyńska (@Kpelczynska) December 28, 2023

On December 15, Poland's Prime Minister Donald Tusk stated that EU recovery funds earmarked for Poland, withheld due to a dispute between Warsaw and Brussels over the rule of law under Poland's previous conservative government, "have been unblocked at last."

Tusk, who was taking part in a summit of EU leaders in the Belgian capital, added that the EU would release "PLN 22 billion (EUR 5 billion) by the end of this year" and that a "request has been made for a further PLN 30 billion (EUR 7 billion)."

He also announced that further transfers would be made, Polish state news agency PAP reported.

Nasze pieniądze wreszcie ruszyły! Na dzień dobry 22 miliardy PLN, jeszcze w tym roku! Wniosek o kolejne 30 już złożony. CDN

— Donald Tusk (@donaldtusk) December 15, 2023

Poland is entitled to EUR 59.8 billion from the EU's post-pandemic recovery fund, including EUR 34.5 billion in loans and EUR 25.3 billion in grants, according to officials. 

(pm)

Source: IAR, PAP, RMF FM