| Author (Person) | Easton, Alex, Tait, Nikki |
|---|---|
| Series Title | Financial Times |
| Series Details | 16.7.08 |
| Publication Date | 16/07/2008 |
| Content Type | News |
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The European Commission has concluded July 2008 that the current restructuring plans submitted by the Polish authorities for the Gdynia and Szczecin shipyards do not comply with the guidelines on rescue and restructuring aid and that on this basis the aid paid to the shipyards would be incompatible with EC Treaty state aid rules and give rise to serious distortions of competition. However, the Commission cannot exclude that recent expressions of interest from private investors could lead to an acceptable solution within a short space of time. In view of the formal undertakings given by the Polish Government to submit, by 12th September 2008, alternative, viable restructuring plans that would comply with the applicable state aid rules, the Commission has postponed its decision. In the Commission's view, unless the new plans comply fully with EC Treaty state aid rules, and in particular remedy the shortcomings which the Commission has identified in the current plans, it will have no option but to adopt a negative decision and require repayment of the aid. |
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| Subject Categories | Internal Markets |
| Countries / Regions | Poland |
