Gdynia Shipyard restructuring decision delayed

The Gdynia Shipyard Group could fail to introduce a restructuring program yet again. Two of the schemes have already ended in the dustbin because the company was unable to implement them. Now it appears a third version may also meet a similar fate because the EU Commission is refusing to accept the document and it is not clear when Brussels will finally make a decision on the matter. "Without this acceptance we cannot receive the Treasury's warrant for the credits needed to build ships. Without them, in turn, we cannot organize the financing of production," said Gdynia Shipyard president Jerzy Lewandowski. It has also emerged that the restructuring plan's directive for increasing of the company's equity has not been fulfilled. (Puls Biznesu, p. 9) A.F.