Gdynia shipyard to sink without investor

A task which could prove quite difficult considering that current estimates show that zl.500 million would have to be spent on investments and financial restructuring to get the shipbuilder back on its feet. Not only this, the state would also have to invest the same amount to pay off debt. "We have set a meeting for the parties to present their calculations of current financial needs, and the sum that will have to be engaged in financing the shipyard," said Konstanty Litwinow, the president of ISD Polska. "Our opinion is that the current estimates are insufficient." ISD Polska is the domestic arm of Ukrainian Donbas, which has exclusive negotiations rights concerning the privatization of the Gdynia Shipyard. According to Puls Biznesu, during the meeting planned for Tuesday, Donbas will demand an additional sum of zl.1 billion from the State Treasury. (Puls Biznesu, pp. 1,7) A.K.