Press Release: State aid: Commission finds the loan by Poland for Crist Shipyard is not aid

After an in-depth investigation, the European Commission concluded that a PLN 150 million loan (around € 37,5 million) granted by the State-owned Polish Industrial Development Agency (IDA) to Crist Shipyard was in line with EU state aid rules. The Commission found that the loan was granted on market terms and therefore did not give Crist an undue economic advantage. As a result, the loan does not constitute state aid in the meaning of EU state aid rules.