Wednesday, February 2, 2011

Will Croatian shipyards live?

The European Commission (EC) is expected to decide in the next 15 days whether to allow Croatian shipyards to take on new orders, the daily Vjesnik writes.

Solving the question of Croatia's ailing shipyards is a key condition for completing the European Union requirements on market competition. The European Union (EU) does not permit the state to support the shipyards as it had done in the past as this could lead to a more advantageous position on the market for some state subsidized firms. The Union has banned the companies from taking new orders.

Croatia offered up the shipyards for privatization last May and bidders have sent their reconstruction plans to Brussels for review. The EC is evaluating the proposals.

Just yesterday (Mon) it emerged that Samobor-based screws factory DIV could become the new owner of the Split's Brodosplit shipyard, the daily Vecernji List writes.

Some 4,000 of Brodosplit’s workers may soon be able to breathe a sigh of relief after months of uncertainty over their employer’s fate since the company was offered up for privatization last May.

Source: Croatian Times

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