The Polish government has met an EU deadline for plans on restructuring three shipyards, the treasury minister said. The shipyards at Gdansk, Gdynia and Szczecin received state subsidies after Poland joined the European Union in 2004. They could be ordered to repay the aid, which would force them into bankruptcy, if EU officials reject the plans, the Warsaw Business Journal reported. Poland had asked for an extension of Friday's deadline, which was rejected.
We have investors and restructuring plans and I'm confident the Commission will accept them, Treasury Minister Aleksander Grad said.
The shipyards were among the biggest enterprises under Poland's Communist government. The Solidarity Movement, led by a welder and future Polish president, Lech Walesa, was born at the Gdansk shipyard.
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