Gdynia Shipyard amends its restructuring program

The company hopes to benefit from the public aid law, under which firms of particular importance for the labor market may be subsidized. While the details of the amendment remain unknown, it is presumed that the shipyard requested an extra zł.20 million loan to assure liquidity and applied for conversion and reduction of its tax liabilities of over zł.200 million. Yet, the amendment will most probably have to modified again, as the ARP representatives demanded financial forecasts for the next few years and found certain restructuring moves planned by the shipyard illegal. (Puls Biznesu, pp. 1, 7) M.K.