Current:Home > ContactPoland set to get more than 5 billion euros in EU money after commission approves recovery plan -Streamline Finance
Poland set to get more than 5 billion euros in EU money after commission approves recovery plan
View
Date:2025-04-14 19:30:09
BRUSSELS (AP) — Poland is set to receive more than 5 billion euros ($5.5 billion) in EU funds after the European Commission gave a positive assessment Tuesday of the country’s revised recovery plan that includes green reforms and investments.
The 5.1 billion euros pre-financing is part of the bloc’s REPowerEU program aimed at helping the 27 EU nations recover from the energy crisis that followed Russia’s invasion of Ukraine last year, and reduce their dependance to Russian fossil fuels.
The announcement came a month after an election in Poland secured a parliamentary majority to pro-EU parties aligned with Donald Tusk.
A former EU Council president, Tusk is expected to become Poland’s next prime minister. He traveled to Brussels last month to meet with top officials and repair Warsaw’s ties with the bloc, aiming to unlock billions of euros in funds that have been frozen due to democratic backsliding under the outgoing nationalist government. The EU previously blocked to €34.5 billion ($37.8 billion) in post-pandemic aid over rule of law concerns.
Following the EU’s executive arm’s proposal, the council representing the EU countries has four weeks to greenlight the disbursement of money. EU finance ministers are expected to approve the plan at their next meeting on Dec. 8.
The total value of the Poland’s recovery plan, which includes the REPowerEU chapter, amounts 59.8 billion euros ($65.5 billion), including 34.5 billion ($37.8 billion) in loans and 25.3 billion in grants ($27.7 billion).
The European Commission says that Poland must reach “super milestones” before the bulk of the money can be released. A key milestone involves ensuring the independence of the judiciary.
“This means that no disbursement following a payment request under the (program) is possible until Poland has satisfactorily fulfilled these three ‘super milestones,’” the commission said.
The ruling party, Law and Justice, which has governed Poland for the past eight years, implemented a number of new laws that gave the executive and legislative branches greater control over the judicial branch. The steps have caused years of tensions between Warsaw and Brussels, and led to the funds to be frozen.
Law and Justice, however, is expected to have to hand over power soon to a bloc of pro-EU parties under the leadership of Tusk.
Law and Justice was the biggest vote getter among the parties that ran in national election on Oct. 15, however it lost its majority in parliament and the ability to govern.
The pro-EU parties, which already control a majority in parliament, are expected to have a government in place by mid-December. They have promised to take steps to ensure judicial independence.
However, much also depends on President Andrzej Duda, who is allied with Law and Justice. He holds veto power and his term lasts for another year and a half.
veryGood! (89)
Related
- From bitter rivals to Olympic teammates, how Lebron and Steph Curry became friends
- Rob Schneider Responds to Daughter Elle King Calling Out His Parenting
- Taylor Swift fans in London say they feel safe because 'there is security everywhere'
- Ryan Reynolds on his 'complicated' relationship with his dad, how it's changed him
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- Alabama Supreme Court authorizes third nitrogen gas execution
- Iran police shot a woman while trying to seize her car over hijab law violation, activists say
- As students return, US colleges brace for a resurgence in activism against the war in Gaza
- Oklahoma parole board recommends governor spare the life of man on death row
- Zelenskyy says Ukrainian troops have taken full control of the Russian town of Sudzha
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Have you noticed? Starbucks changed its iced coffee blend for the first time in 18 years
- Collin Gosselin claims he was discharged from Marines due to institutionalization by mom Kate
- The Notebook Actress Gena Rowlands Dead at 94
- Rylee Arnold Shares a Long
- The State Fair of Texas is banning firearms, drawing threats of legal action from Republican AG
- Wally Amos, 88, of cookie fame, died at home in Hawaii. He lost Famous Amos but found other success
- Sofía Vergara Responds After Joe Manganiello Says Her Reason for Divorce Is “Not True”
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Detroit judge orders sleepy teenage girl on field trip to be handcuffed, threatens jail
How a small group of nuns in rural Kansas vex big companies with their investment activism
She was last seen July 31. Her husband reported her missing Aug. 5. Where is Mamta Kafle?
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Usher Cancels Atlanta Concert Hours Before Show to Rest and Heal
Chet Hanks Details Losing 27 Pounds in 3 Days at Rock Bottom Before Sobriety Journey
Social media celebrates Chick-Fil-A's Banana Pudding Milkshake: 'Can I go get in line now?'