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Croatia/Poland: Aid for shipyards on the way

By  |  March 20, 2013

The European Commission has officially approved to deliver aid to shipyards in Nauta, Poland and Brodotrogir, Croatia for restructuring after privatization in Croatia. The proposal for the Croatian shipyard’s privatization was approved by the Croatian Competition Authority and the Commission in June 2011; a new management takeover required an extended privatization process, expected to be complete by this July. In Poland, the nation’s industrial development agency acquired bonds of the shipyard worth an estimated $52 million; the Commission ruled that the acquisition was consistent with competition legislation of the EU after a probe of the deal.

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