Poland Increases Funding for SMEs

People ♦ Published: October 3, 2013; 18:15 ♦ (Vindobona)

According to Polish Finance Minister Rostowski, the government plans on extending a funding program for the support of small and medium sized companies in order to improve the country’s economy.

Poland Increases Funding for SMEs / Picture: © Vindobona.org

The program offers co-guarantees on loans from commercial banks for small enterprises that would usually be turned down by banking institutes. "We want to broaden the ‘de minimis’ program and increase the upper limit for loans to firms," Polish Finance Minister Jacek Rostowski said. "We are filing a motion to the European Commission, for it to take into account low NPL indicators in…