Warsaw (Puls Biznesu) – New investors should appear in Gdynia and Szczecin shipyards till June. The companies have more time but they need investors right now.
The European Commission said yesterday that public subsidy which Polish shipyards had received amounting to EUR 3.5bn was illegal. At the same time, Brussels approved of the plan to sell the assets and debts of Gdynia and Szczecin shipyards. They must pay back the subsidies. They cannot afford this and they will be closed down. The decision of the EC is no surprise as several weeks ago, Neelie Kroes, EU competition commissionaire, came up with this solution. The plan is not provided by Polish law which will need to be amended.