The European Commission authorises State aid granted by Poland for restructuring shipyard (Gdansk Shipyard)

"Restructuring of Gdansk Shipyard — outlook good for return to viability after four-year investigation"* On 22 July 2009, the Commission authorised State aid granted or planned by Poland for restructuring Gdansk Shipyard. The Commission found that both the € 94 million of aid already received by the yard since 2004 and the further € 35 million planned were compatible with the Community Guidelines on State aid for rescuing and restructuring firms in difficulty [1] (‘the Guidelines’). In addition, the yard has benefited and will continue to benefit from production guarantees totalling € 122 million, which were also assessed and approved as restructuring aid. The decision marked the end of a long-pending in-depth investigation launched by the Commission in June 2005 [2] following notification

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

Quotation

Agata Mazurkiewicz-Gorgol, Andrea Bomhoff, The European Commission authorises State aid granted by Poland for restructuring shipyard (Gdansk Shipyard), 22 July 2009, e-Competitions Bulletin Commitment Decisions, Art. N° 35016

Visites 1242

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues