Saudi Crown Prince, Syrian President discuss regional developments in phone call    Jeddah Municipality removes Camel Roundabout as part of traffic congestion plan    Saudi Arabia 2nd topper globally in humanitarian aid for 2025    Over 6 million students return to schools as second semester commences    Assets of public investment funds reach SR218 billion by end of Q3 2025    Derayah Financial adopts zero-commission trading model in the Saudi market, reinforcing its leadership in digital trading and investing    Russia envoy warns Europe not to "provoke their daddy" after Trump announces Greenland tariffs    Katy Perry makes Saudi debut at Joy Awards, praises Saudi design and hospitality    Portuguese presidential election heads to runoff as far-right gains ground    Gaza technocratic body begins work as NCAG chief signs mission statement    Saudi economy posts broad-based non-oil growth as 74 sectors exceed 5% expansion Minister Alibrahim says Davos 2026 underscores Kingdom's global economic role    Yemen prosecutor orders corruption probe into Aidarous al-Zubaidi    Hail wins Guinness World Record with largest off-road production cars convoy    SFDA approves registration of 'Anktiva' for treatment of bladder and lung cancer    Foreign minister to lead high-level Saudi delegation attending Davos World Economic Forum 2026    Saudi Darts Masters 2026 to offer record $200,000 prize for nine-dart finish    Al Taawoun condemn "repeated refereeing injustice" after late penalty defeat    SFDA slaps SR1.7 million fine on 10 pharmacies for violating RSD system    Saudi consumer awareness and regulatory collaboration bolster Philip Morris' efforts toward a smoke-free future: Akiki    British boxer Anthony Joshua discharged from hospital after Nigeria car crash    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EU patience "becoming thin" over Solidarity shipyards
Published in Saudi Press Agency on 29 - 05 - 2008


The European Union on Thursday warned the Polish
government that its patience is "becoming thin" over long-drawn-out
attempts to restructure the shipyards where the Solidarity trade
union movement was born, according to dpa.
"The European Commission's patience is becoming very thin - we
have seen a number of deadlines for restructuring plans missed, so we
would need something very concrete and very soon," a spokesman for
the EU's executive told journalists in Brussels.
Regarding the shipyards in Szczecin and Gdynia, on Poland's Baltic
coast, the European Commission, "on the basis of the information that
it currently has, has no choice but to make preparations for a
negative decision requiring the repayment of state aid," he said.
"If the Polish authorities produce within a short space of time
new, concrete and solutions that could be implemented immediately ...
the commission would naturally assess such proposed solutions before
taking a decision," he said.
As for the Gdansk shipyard, the commission has given the Polish
government one month to give it more information on plans to
restructure the yard, and "if we do not receive (it) within one
month, the commission will have to assess the situation on the basis
of the information it currently has," the spokesman said.
At stake is a package of support measures thought to be worth over
5 billion zlotys (2.3 billion dollars at current prices) which the
Polish government has made to keep the shipyards afloat.
As the cradle of the Solidarity movement, the shipyards are seen
in Poland as a monument not just to the struggle with Communism but
to the beginning of the end of the Cold War.
But under the strict competition rules of the EU, which Poland
joined in 2004, state aid such as that handed out to the three ageing
shipyards has to accompanied by restructuring measures designed to
keep them on their feet without further handouts - otherwise it has
to be paid back.
In June 2005 the commission launched an investigation into the
bail-out packages - a case which is still ongoing.
Last October the commission warned the Polish government that its
plan for the Gdansk shipyard would have to be accompanied by the
closure of two of the yard's three slipways.
The recent news that a private investor has decided not to buy the
Gdynia and Szczecin yards after all - rendering a previous
restructuring plan obsolete - means that those yards, too, could face
having to pay back the government money unless they find a new buyer
and present a serious restructuring proposal, the spokesman said.


Clic here to read the story from its source.