VOANews.com

Voice of America Trusted Source of News & Information since 1942

22 July 2009 

Today from VOA:

Live Streams:  Latest Newscast |  Africa Live |  Global Live
News in 45 Languages
EU Approves State Aid for Historic Polish Shipyard

22 July 2009

A 2007 file photo of Polish soldiers in red and white forming Solidarity trade union logo at Gdansk shipyard, where Solidarity was born in 1989
A 2007 file photo of Polish soldiers in red and white forming Solidarity trade union logo at Gdansk shipyard, where Solidarity was born in 1989
European Union regulators have approved more than $250 million in Polish government subsidies to the historic Gdansk shipyard, ensuring the future of the birthplace of the anti-communist Solidarity trade union.

An EU statement Wednesday said it reached agreement on the approval after the Polish government offered a plan to slash capacity at the facility.

The shipyard had been threatened with closure during a lengthy EU probe into whether government capital injections, tax write-offs, loans, and other concessions were damaging to competition within the 27-member union.

The docks on the Baltic coast rose to international prominence in the early 1980s, when they became the birthplace of Solidarity - the first officially recognized independent trade union in a communist country. The movement later helped end communist rule in Poland.

Some information for this report was provided by AP and Reuters. 


E-mail This Article E-mail This Article
Print This Article Print Version
  Top Story

  More Stories