The European Commission has approved the modifications of three cohesion policy operational programs in Poland, redirecting €618 million (US$712.65 million) in Cohesion policy funding to address the effects of the coronavirus crisis in the Polish economy and health system.
Commissioner for Cohesion and Reforms, Elisa Ferreira commented, “There is no time to waste in fighting the coronavirus pandemic. Thanks to the new flexibility in the rules to use Cohesion policy, as well as the swift action of the Commission and the Polish regional and national authorities, much needed resources have been made available to help mitigate the negative consequences of this crisis.”
The modification of the Operational Programme (OP) Smart Growth 2014-2020 will make available €314.5 million (US$362.67 million) of EU Cohesion policy funds in form of subsidies and loans for over 7,200 enterprises suffering from financial loss as a consequence of the coronavirus outbreak. The same OP will provide €71 million (US$81.87 million) to finance testing of an innovative solution in the field of diagnostics, therapy, and prevention; piloting projects intended to readjust business models of companies, as well as to support the research projects.
Full Content: Europa
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Turkey Fines Meta $10.4 Million for Abusing Market Dominance
May 6, 2024 by
CPI
Canadian Watchdog Launches Inquiry into Lululemon’s Greenwashing Practices
May 6, 2024 by
CPI
Massachusetts Supreme Court Deliberates Ballot Redefining Gig Worker Status
May 6, 2024 by
CPI
European Commission Approves Nippon Steel’s $14.9 Billion Buyout of U.S. Steel
May 6, 2024 by
CPI
Banco Sabadell Rejects Rival BBVA Merger Proposal
May 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI