Szczecin and Gdynia face bankruptcy over aid cash

This story is available in full to Ferrynews subscribers only. Become a subscriber to see more.

Brussels again threatened to order state aid received by two Polish shipyards to be repaid yesterday, a threat which if made good could force them into bankruptcy.

The European Commission said it was preparing a “negative opinion” on aid to state-controlled shipyards Gdynia and Szczecin.

“As regards Szczecin and Gdynia, the commission has no choice but to make preparations for a negative opinion,” said commission spokesman Jonathan Todd, though he left the door open to a last-minute...


This story is available in full to Ferrynews subscribers only. Become a subscriber to see more.