2024-07-16 16:02 update: 2024-07-16, 16:04
Katarzyna Pelczynska-Nalecz. Photo PAP/Tomasz Gzell
The Council of the European Union has approved modifications to the EU-funded Polish National Recovery Plan (KPO), paving the way for future disbursements, the minister of development funds and regional policy reported on Tuesday.
The acceptance by EU member states ended the formal procedure over the KPO amendment. Changes to the KPO were approved by the European Commission in early July, after being submitted to Brussels on April 30th.
The government, among other changes, had requested that the previously proposed registration fees on combustion engine cars be replaced with subsidies for electric vehicles.
"The EU Council has just adopted the revision of the KPO. Now is the time for intensive investment!" Katarzyna Pelczynska-Nalecz wrote on the X platform.
"We will submit two payment applications in September. And at the end of the year - another, an even larger than the previous, payment for Poland."
The value of the Polish KPO will not change, and the country will receive a total of EUR 59.8 billion from EU coffers, including EUR 34.5 billion in preferential loans and EUR 25.3 billion in grants. The number of KPO goals will not change either, and Poland will have to implement 55 reforms and 56 investments.
When deciding to apply for the changes to KPO, the Polish government argued that they were necessary due to delays and backlog left behind by the former Law and Justice government.
The ministry has already announced the next revision of the KPO, which is likely to take place in the first half of 2025. (PAP)
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