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Image header Agence Europe
Europe Daily Bulletin No. 10664
Contents Publication in full By article 14 / 38
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Loan to Crist shipyard was granted on market terms

Brussels, 26/07/2012 (Agence Europe) - Following an in-depth investigation, the European Commission concluded on 25 July that a PLN 150 million loan (around €37,5 million) granted by the state-owned Polish Industrial Development Agency (IDA) to Crist Shipyard was in line with EU state aid rules. It found that the loan was granted on market terms and did not, therefore, give Crist an undue economic advantage. (OL/transl.rt)

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