The Position of the Council of Ministers of the Republic of Poland on the Privatization of Shipyards between 2005 and 2008

Shipyards plants were a significant element of Polish government marine policies between 2005 and 2008. The decision made by the Council of Ministers, aimed at taking countermeasures against the credit balance of the following companies of the ship building sector: Stocznia Gdynia S.A., Stocznia Szczecińska Nowa Sp. z o.o. (SSN) and Stocznia Gdańsk Grupa Stoczni Gdynia S.A. (Stocznia Gdańsk GSG S.A.). The only way to achieve economic stability was first through a complete overhaul of their functioning and then through a privatization process. After Poland joined the EU on 1st May, 2004, the process of restructuring these companies was being conducted using public financial aid, to which the European Commission had to give its permission. While becoming the EU member state, Poland was obliged to inform the European Commission of its intention to financially help the shipyards. The Commission‘s decision in this matter depended on how it assessed the plan of restructuring these companies.