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Coronavirus

Poland Offers A Short-Term Package of Financial Aid to SMEs Worth $465 Million

October 27, 2020

WARSAW, Poland — Poland is offering a short-term package of financial aid to medium and small business worth $1.8 billion PLN ($465 million).

Prime Minister Mateusz Morawiecki says the measures are intended to prevent layoffs. The government says it will apply to more than 170,000 companies, employing more than 400,000 workers affected by the latest coronavirus restrictions.

In November, medium and small businesses will be exempt from paying social security insurance for their employees and will receive government subsidies for wages in idled firms.

The entire country is considered a “red zone,” with restricted a number of customers in shops and markets. Restaurants and eateries are takeout only.

The daily registered coronavirus cases hit a record 16,300 in the nation of 38 million.

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