
Opinion of the European Commission\'s IDA decision in line with EU legislation - published on 25 July. The European Commission confirms that the loan, amounting to 150 million, the company CRIST was granted by the Industrial Development Agency in accordance with EU rules on state aid - said July 31. in Gdansk Wojciech Dabrowski, president of the Industrial Development Agency at a ceremony to raise the flag on the vessel NB 142nd INNOVATION
The loan, granted by the IDA under the "Support by the Industrial Development Agency initiatives to stimulate the Polish economy", has enabled the company CRIST join the tender announced in the context of compensation and acquisition documents previously held by the Gdynia Shipyard. - This investment has opened CRIST shipyard production capacities, which have not previously had. Today\'s celebration is the best example - said Wojciech Dabrowski during Tuesday\'s ceremony.
As is clear from the message, which was published a few days ago the European Commission, the proceedings initiated in January 2012, did not reveal any abnormalities. It was concluded that the company CRIST benefited from financing provided by the IDA on a commercial basis, it analyzes in detail the economic and financial situation was good, business plans and forecasts the development of realistic and generated minimize financial risk to the security of the Agency.
"The Commission considers therefore that the loan ARP Crist has not brought the company an unfair economic advantage and did not cause any distortion of competition. Thus, the loan did not constitute state aid within the meaning of. 107 of the Treaty on the Functioning of the European Union (TFEU), "- stated in its Communication, the European Commission.
The EC has also recognized that in deciding to grant a loan company CRIST Industrial Development Agency had such information that, if in its place was a private investor, have taken the same decision. - Thus, we went positive so-called \'private investor test " - said Wojciech Dabrowski.
IDA Chairman also recalled that in Szczecin started preparations to build a modern facility designed to produce marine foundations truss wind turbines. Industrial Development Agency and the company CRIST are partners in this venture. The project is implemented by the Company KSO, or joint venture shipyard, "CRIST", belonging to the Industrial Development Agency MARS Closed Investment Fund and the German company Bilfinger Berger - one of Europe\'s leaders in plant construction for wind (only in 2011, revenues of the company totaled about 8.5 billion euros). By the end of October 2015, the implementation of the project in Szczecin, KSO Ltd. intends to incur capital expenditures in excess of 50 million by declaring employment of at least 400 people. The new factory is planned annual production of about 80 thousand. tons of steel structures that comprise the foundations of offshore wind towers.
source: www.arp.com.pl