This Monday, Poland reacted to the demands from EU Commissioner Neelie Kroes regarding the privatisation of the Polish shipbuilding industry. The Polish government has accepted to sell the shipyard’s assets and use proceeds to pay off debt. After this, state aid amounting to EUR 1.5 billion is to be repaid. The then empty companies will then go into bankruptcy. After this, operations can resume with a fresh start, but the commission also wants to see additional production apart from shipbuilding. Poland however demands a respite for two to three months as this procedure requires amendments of Polish law.
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