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Commission disburses €2.17 billion under SURE to Hungary, Poland and Portugal

The Commission disbursed €2.17 billion to three EU Member States on 29 March in the eighth instalment of financial support under the SURE instrument. As part of the operations, Hungary received €147 million, Poland €1.5 billion and Portugal €523 million.

Image illustrating the SURE instrument temporary support to mitigate unemployment risks in an emergency, ©European Union
European Union

date:  31/03/2022

See alsoCommission disburses €2.17 billion und...

These SURE loans will assist the three Member States in addressing sudden increases in public expenditure to preserve employment following the coronavirus pandemic. Specifically, they will help the Member States cover the costs directly related to the financing of national short-time work schemes, and other similar measures that they have put in place as a response to the coronavirus pandemic, including for the self-employed. The disbursements follow the issuance of a 15-year bond, worth 2.17 billion, under SURE on 22 March. With this SURE disbursement, the EU has provided €91.8 billion in back-to-back loans under the scheme. All EU Member States which have asked to benefit from the scheme have received part or all of the amount they requested. The overview of the amounts disbursed so far is available online, as are the full amounts per Member State. Overall, 19 EU Member States are due to receive a total of €94.4 billion in financial support under SURE, following approval by the Council of the European Union based on a Commission proposal. Other Member States can submit requests to receive support under SURE, which can still provide €5.6 billion in financial assistance.