Croatia Considers Cuts to Shipyard Aid

Wednesday, October 10, 2007
According to a Bloomberg report, Croatia's to EU negotiator indicated the country’s next government will have to cut subsidies to the shipbuilding industry to move on with efforts to join the European Union. With 11,000 jobs at stake at five main shipyards, Croatia has put off the subsidy cuts until after elections on Nov. 25. EU rules bar government bailouts of unprofitable businesses, subjecting Croatia to the same clampdown that still provokes resentment in the eastern European countries that joined in 2004. Poland last month protested an EU order to reclaim aid payments to the Gdansk shipyard, home of the Solidarity movement. Some of the $500m in cash and guarantees that Croatia offered the shipyards in 2006 breaks EU rules, the negotiator said. No aid went in 2006 to the steel industry, also under EU pressure to modernize. Croatia, with 4.5 million people, would become the second ex- Yugoslav state to enter the EU, after Slovenia. Croatia started talks in 2005 and aims to be ready to join by 2009, with the entry date dependent on how quickly the EU's 27 national parliaments ratify the membership treaty. While Croatia has made headway, the overhaul of noncompetitive industries such as shipbuilding and steel requires further efforts, Christian Danielsson, a top European Commission enlargement negotiator, indicated. Croatia also needs to strengthen its public administration and justice system, and work harder to adopt EU policies on environmental protection, agriculture and government contracting, Danielsson said. Croatia has started EU talks in 12 of 35 policy areas and completed two. [Source: Bloomberg]

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Canadian Navy Frigate Refit Program Completed

Seaspan joined Harjit S. Sajjan, Canada’s Minister of National Defense, at an official ceremony today to celebrate the completion of the Halifax-Class Modernization/Frigate

This Day In Naval History: April 29

1814 - American sloop USS Peacock and HMS Epervier engage in battle. Peacock takes two 32-pound shots in her fore-yard with the first exchange, but her return broadside

How France Sank Japan's Sub Dream

Ousting of Japan ally PM Abbott opened door to rivals; Tokyo slow to respond to new competitive process. In 2014, a blossoming friendship between Australian

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0735 sec (14 req/sec)