The European Commission has found that Poland's €95 million measure in favour of LG Chem Group (‘LG Chem') is in line with EU State aid rules. The investment aid will support the expansion of LG Chem's battery cell production facility for electric ve
Poland's €95 million measure in favour of LG Chem Group is in line with EU State aid rules, the European Commission competition chief on March 18.
The investment aid will support the expansion of LG Chem's battery cell production facility for electric vehicles in the Polish Dolnoslaskie region, t
In a year heavily marked by the COVID-19 pandemic, the EIB Group confirmed its strong support to the Polish economy, providing
€5.2 billion of overall financing to the country’s public and private sectors. Volumes delivered in 2020 were largely in line with the trend of the previous years, a sign that the country responded swiftly to the pandemic and continued to invest in the future despite the forced downturn.
Loans granted by the European Investment Bank (EIB) amounted to
€4.6 billion, while the European Investment Fund (EIF) provided
€660 million in guarantees and equity investments to small and medium-sized businesses and mid-caps. In absolute terms, Poland was the fifth biggest recipient of EIB Group financing among the 27 EU Member States after Italy, France, Spain and Germany.