NEWS

25/05/2020

14:11

Entrepreneurs Appeal to von der Leyen: Urgent Response Needed for PFR's Financial Shield for Large Firms. Thousands of Companies, Millions of Employees, and Their Families at Stake

Michał Olech

- Polish enterprises assumed that funding from the Polish Development Fund (PFR) would be disbursed by the end of April this year at the latest. Unfortunately, the end of May is approaching, and the program has still not received approval from the European Commission, which is incomprehensible to Polish businesses and their employees. This threatens many of them with bankruptcy, leading to job losses for thousands of workers. In such a difficult and unprecedented situation, the European Commission's decisions on approving rescue packages in member states should be measured in days, not weeks, and certainly not months - wrote Polish entrepreneurs in an appeal addressed to EC President Ursula von der Leyen.

- Given the enormous economic and social costs caused by every day of delay in program approval, as representatives of the largest Polish employer and entrepreneur organizations, we appeal to you, Madam President, for an immediate response and for the earliest possible approval of the government's Financial Shield program from the Polish Development Fund for Large Firms. We are talking about the uncertainty faced by thousands of companies, millions of employees, and their families. With this in mind, Europe and Poland currently need swift and decisive action to protect their development potential, enterprises, and jobs - emphasized in the letter.

The letter was signed by representatives of the National Chamber of Commerce, Federation of Polish Entrepreneurs, Association of Business Service Leaders - ABSL, Confederation Lewiatan, Polish Business Council, Employers of Poland, Employers' Union of Business Centre Club, Polish Bank Association, and Polish Crafts Association.


Michał Olech