Press Release: State aid: Commission approves changes to restructuring plan of Croatian shipyard 3.Maj

The European Commission has authorised under EU state aid rules an amendment to the restructuring plan for 3.Maj, one of the Croatian shipyards in difficulty. The Commission concluded that any distortion of competition that may arise from the modest increase in the total amount of restructuring aid would be offset by the additional compensatory measures proposed by Croatia. This clears the way for the privatisation of the yard by 1 July 2013, the date of Croatia's EU accession, as required by the Act of Accession.