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Treasury to bailout Gdańsk shipyard with zł.150 million loan?

2008-12-04 00:00
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2008-12-04 00:00
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Wednesday report in Rzeczpospolita was confirmed, that following an over six month dispute between the state and ISD Polska, owner of the Gdańsk shipyard, the parties have reached a conditional compromise concerning the future of the shipyard.

The State Treasury agreed to provide zł.150 million in returnable public aid in the form of cash. "The deal will enable the investor to conclude works on the restructuring program," said Treasury Ministry spokesperson Maciej Wiewiór.

There are chances that the program for the shipyard might be delivered to the European Commission on Friday.

Source: Rzeczpospolita (M.M.)




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