The European Commission has approved a Polish state aid program worth EUR 132.3 million (PLN 610 million) aimed at supporting cereal and oilseed producers.
The program was approved under the Temporary Framework for State Aid in case of crisis, supporting measures in sectors crucial for accelerating the ecological transition and reducing dependence on fossil fuels.
The support will consist of limited amounts of support in the form of direct grants. The program is open to producers of cereals and oilseeds who meet the criteria laid down in the emergency measures taken by Poland to support these sectors in accordance with the provisions of EU regulations, but because the number of applications submitted is exceeded , they cannot receive help.
More than PLN 600 million from the state. Brussels gives the green light
The Commission has found that the Polish program complies with the conditions set out in the temporary crisis framework, namely the Russian war with Ukraine. The aid may not exceed PLN 250,000. euros per beneficiary and will be awarded by December 31, 2023.
The EC ruled that the program is “necessary, appropriate and proportionate” to address serious disruptions in the economy of a Member State.
The European Commission lifts Ukraine’s grain embargo, Poland introduces its own
September 15 this year The European Commission has decided not to extend the embargo on Ukrainian grain and agricultural products. In response, Poland, Hungary and Slovakia introduced unilateral restrictions. Authorities in Kiev responded by filing a complaint with the World Trade Organization (WTO) against the three countries, which they subsequently suspended.
Last June, the EU liberalized all imports from Ukraine and suspended trade defense measures against Ukrainian companies. The scheme, which was initially valid for one year, was extended for another year.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
