ARP rejects Gdynia Shipyard's recovery program

The management of the Gdynia Shipyard has presented the Industrial Development Agency (ARP) with a recovery program for the company, taking advantage of a bill which envisages public help for enterprises which play a strategic role in the national economy. ARP has rejected the proposition and requested a more realistic plan. "Today is the deadline for submitting an improved version of the program. We will judge it by the end of the week, or by Monday the latest," said ARP's head, Arkadiusz Krężel. The shipyard had hoped for a zł. 100 million loan from the Agency, in order to help with restructuring its liabilities. It also requested public aid to the value of zł. 3 billion between now and 2006. (Puls Biznesu, p. 8) A.K.