EU Commission Approves Poland's Pandemic Recovery Funds

WARSAW (Reuters) – The EU Commission has approved Poland's application for further installments of European Union pandemic recovery funds worth 9.4 billion euros ($9.96 billion), as stated by the Commission on Tuesday.

Poland anticipates that the funds will be transferred by the end of the year after the Commission acknowledged that Warsaw has met the targets set for the second and third tranches.

> "It will be the largest single EU fund transfer ever received by our country," stated the ministry for funds and regional development.

Poland has already secured the release of billions of euros directed at assisting EU members in recovering from the COVID-19 pandemic, contingent upon commitments to rule-of-law reforms by Prime Minister Donald Tusk, who took office last year.

The funds, previously on hold due to concerns regarding judicial independence, are set to support Poland's economy, which the European Commission forecasts will expand by 2.8% this year, outpacing its central European counterparts.

Minister of Funds and Regional Policy, Katarzyna Pelczynska-Nalecz, announced on X that Poland intends to submit the fourth and fifth applications for payment by the end of 2024.