Press Release: State aid: Commission approves €251 million aid for Gdansk shipyard in Poland

Following an in-depth investigation opened in June 2005, the European Commission authorised under EC Treaty state aid rules various support measures worth €251 million, spread over several years and extending into the future, in favour of the Gdansk Shipyard in Poland. Privatised in 2007, the yard recently presented a restructuring plan that will to a large extent be financed from private resources raised by the yard and its owner. The Commission concluded that the plan will ensure the viability of the yard and that the distortions of competition, caused by years of subsidised operations, will be adequately reduced by production capacity closures.