BrahMos WORLD INDIA MADHYA PRADESH BHOPAL WTN SPECIAL GOSSIP CORNER RELIGION SPORTS BUSINESS FUN FACTS ENTERTAINMENT LIFESTYLE TRAVEL ART & LITERATURE SCIENCE & TECHNOLOGY HEALTH EDUCATION DIASPORA OPINION & INTERVIEW RECIPES DRINKS BIG MEMSAAB 2017 BUDGET 2017 FUNNY VIDEOS VIRAL ON WEB PICTURE STORIES Mahakal Ke Darshan
WTN HINDI ABOUT US PRIVACY POLICY SITEMAP CONTACT US
logo
Breaking News

Poland to receive EU recovery fund: PM

Friday - November 25, 2022 9:18 am , Category : WORLD
Warsaw, Nov 25 (IANS) Poland will receive support from the European Union (EU) post-pandemic recovery fund within a year and a half, Prime Minister Mateusz Morawiecki said.
"Our side is in ongoing talks and in ... a year or a year and a half, we will receive this money, which is why we have already started on certain projects which are being pre-financed by the Polish Development Fund," Xinhua news agency quoted Morawiecki as saying to the local media on Thursday.
"Everything is going according to plan," he added.
The prime minister also said that Poland and Hungary were in "completely different places when it comes to negotiating for EU funds", and were not working together on the issue.
Both countries are deeply euro-sceptic, and have been frozen out of the fund due to their respective disputes with Brussels.
In early June, the European Commission (EC) approved Poland's National Recovery Plan, which outlines how the Polish government will spend the recovery fund.
The approval opened the way for Warsaw to receive 23.9 billion euros ($24.9 billion) in grants, and 11.5 billion euros in loans from the bloc's post-pandemic Recovery and Resilience Facility.
However, the EC has refused to grant Poland access to funding until it meets several conditions regarding the country's application of the rule-of-law.

--IANS ksk/

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)

RELATED NEWS