The European Commission (EC) is about to release the EUR 36bn Recovery and Resilience Plan (RRP) funds to Poland that were suspended over disagreements regarding the independence of the country’s judiciary.
The EU will release the grants and loans on condition that Poland dismantles its disciplinary judicial chamber and reinstates the judges it has expelled.
“We are finalising our work with Poland on milestones and targets,” an EC source told politico.eu, which predicted the release of funds within a fortnight.
The EU has committed to EUR 723.8bn across the bloc to finance pandemic recovery, consisting of EUR 338bn in grants and EUR 385.8bn in loans.
Analysis by European economic think tank Bruegel shows Poland has allocated EUR 13.49bn of its EU pandemic-recovery funding to renewables and clean technology, or 37.5% of the budget, as per Warsaw’s RRP. By way of comparison, Latvia has allocated only EUR 80mn, or 4.4%, of its RRP to green tech.
The development may also unblock a plan for a 15% global minimum tax, which Poland earlier vetoed.
Polish government representatives outlined the key priorities for its six-month stint holding the presidency of…
Romania and Bulgaria are set to become full members of the Schengen Area on 1…
Slovenia has announced an increase in border controls with Croatia and Hungary, citing national security and escalating concerns over…
Digital news consumption in Central and Eastern Europe (CEE) is transforming, driven by evolving audience…
Central and Eastern European (CEE) countries are still navigating post-pandemic economic challenges amid newer geopolitical…
Austria's economy has contracted for the sixth quarter in a row, and there has been…