Ministry to inject zl. 100 mln into troubled shipping industry

The Ministry of Transport has announced a new policy to aid shipowners. During 2002 and 2003, they will be exempted from VAT payments when buying ships from Polish shipyards. The Ministry also plans to spend up to zl.100 million to help shipowners increase navigation safety, replace old ships and buttress employment. The principal aim of the project is to create a new legal framework to ensure all shipowners steady development. (Puls Biznesu, p.3) A.K.