The provisions of the amendment to the Act on the system of development institutions were proposed by MPs from the Civic Coalition. The purpose of the novella is enabling the Industrial Development Agency to grant loans to mining companies and other companies of significant importance to the economyprimarily Jastrzębska Spółka Węglowa (JSW) and Grupa Azoty.
The act lists the catalog of enterprises that will be able to obtain a loan from the Industrial Development Agency; they are:
— mining companies,
— companies liquidating mines,
— enterprises “of significant importance for the national economy or its sector indicated in government strategic documents.”
The condition for granting the loan will be that the ARP determines, on the basis of the restructuring program presented by the borrower, that he has the ability to repay the loan.
The purpose of the loan cannot be the same as the purpose of the public support mechanism
The loans can be used for the reorganization of companies aimed at reducing operating costs or optimizing them.
The Act will enter into force on the day following its announcement.
Grupa Azoty
At the end of the third quarter of 2025, Grupa Azoty had a total debt of PLN 4.3 billion and is currently conducting negotiations with financial institutions regarding debt restructuring.
In March, the general meeting agreed to increase the company's share capital at the request of the State Treasury.
The agreement signed on April 1 to sell GA Polyolefins to Orlen, which is implementing the Polimery Police investment, is an element of corrective actions. The transaction allows for financing the debt of this subsidiary.
Grupa Azoty is the second largest producer of nitrogen and compound fertilizers in the EU. It is the only melamine producer in Poland. It also produces products such as polyamide, OXO alcohols, plasticizers and titanium white. Grupa Azoty is a joint-stock company in which the State Treasury owns 33%. shares.
JSW
The business restructuring plan of Jastrzębska Spółka Węglowa envisages reducing costs and simplifying the group structure.
At the end of last year, JSW was covered by the provisions of the Act on the Operation of Hard Coal Mining, which allows it to finance a voluntary departure program.
As part of corrective actions, JSW signed an agreement with trade unions in February limiting labor costs.
In March, the IDA signed an agreement to acquire two subsidiaries from JSW – Przedsiębiorstwo Budowy Szybów and Jastrzębskie Zakłady Remontowe for over PLN 1 billion. The transaction is intended to support JSW's liquidity.
JSW is the largest producer of high-quality coking coal in the EU and one of the leading producers of coke used to melt steel. It mines in four mines: Borynia-Zofiówka, Budryk, Knurów-Szczygłowice and Pniówek. The company is listed on the Stock Exchange.
