The Polish government has announced plans to grant its coal industry 9.5 billion zlotys (two billion euros) worth of aid between 2004 and 2010
Published:
5 June 2004 y., Saturday
The Polish government has announced plans to grant its coal industry 9.5 billion zlotys (two billion euros) worth of aid between 2004 and 2010 and said it would press on with a restructuring plan.
Deputy Economy Minister Jacek Piechota said the aid was compatible with the rules of the European Union. Poland was the biggest new country to join the EU on May 1.
He said that more than half of the aid - or 5.8 billion zlotys (1.2 billion euros) - would be granted in 2004 alone in the forms of debt cancellation and state loans.
However, he told a news conference an upturn in the sector's fortunes after years of being heavily in debt would not lead Poland to abandon a restructuring plan Poland agreed in April as part of its preparations to join the European Union.
The coal sector, which was a staple industry during communist times, has been forced into a heavy restructuring process to stem overproduction, and the government plans to shed thousands of mining jobs.
The price of a tonne of coal, increased on average by 25% over the first four months of the year compared with the same period in 2003.
Šaltinis:
bday.co.za
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
According to Spain's Minister of Industry, Tourism and Trade, Miguel Sebastián, currently chairing an Informal Energy Council today in Seville, the key to achieving a common EU energy market is to establish interconnections.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), announced today that the Fund will provide US$100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement on Jamaica today.
more »
The Government of the Republic of Korea and the International Monetary Fund (IMF) announced today that they will jointly host a high-level international conference on Asia in Seoul, South Korea, during July 12-13, 2010.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will travel to Tokyo and Hong Kong SAR, January 18−20, 2010.
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
The Meeting is convened on the initiative and by the resolution of the Management Board of the Bank.
more »
Today, Thursday, on the second and last day of their informal meeting in La Granja (Segovia), the ministers responsible for European Affairs will study the challenge of how to boost reflation through sustainable growth that generates new employment.
more »
How well-equipped are European companies to meet the challenges of global competition and the recent recession? The 2009 European Company Survey provides some clues.
more »
The European Commission decided today not to raise any objections to Finland's plan to support infrastructure investments in Vaasa regional airport.
more »