Particle.news

Download on the App Store

EU Approves Poland's Recovery Plan, Pledges Over 5 Billion Euros in Aid

Funds are part of the REPowerEU program following recent pro-EU election victory, with disbursement contingent on 'super milestones' including judicial independence.

  • Poland is set to receive more than 5 billion euros in EU funds as part of the REPowerEU program, aimed at helping EU nations recover from the energy crisis and reduce dependence on Russian fossil fuels.
  • The funds come after a positive assessment of Poland's revised recovery plan, which includes green reforms and investments.
  • The disbursement follows recent elections in Poland that secured a parliamentary majority for pro-EU parties aligned with Donald Tusk, who is expected to become Poland's next prime minister.
  • Poland's total recovery plan amounts to 59.8 billion euros, including 34.5 billion in loans and 25.3 billion in grants. However, Poland must reach 'super milestones', including ensuring the independence of the judiciary, before the bulk of the money can be released.
  • The ruling party, Law and Justice, is expected to hand over power to a bloc of pro-EU parties under Tusk's leadership by mid-December.
Hero image