Wed 07 Nov, 2007
| Posted in: Brussels yesterday urged Croatia to reverse its policy of pumping cash into its struggling shipyards or risk undermining its progress towards European Union membership.
Restructuring aid to five shipyards, employing 11,000 people, increased “significantly” in 2006, the European Commission pointed out, despite the government’s stated goal of reducing subsidies.
“Considerable efforts are still required, in particular in relation to the restructuring of the steel sector and of the shipyards in difficulty,” the commission said in its annual...