Independent journal on economy and transport policy
14:44 GMT+2
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Aid of EUR 175 million to the German shipyardS MV Werften
Additional federal funds required for 570 million euros
July 1, 2020
Emphasizing that the decision to grant the loan "it is a strong signal from all stakeholders involved in the MV Werften shipyards and the role Mecklenburg-Pomerania Front', the Minister Economics, Work and Health of Mecklenburg-Front Pomerania, Harry Glawe specified that the approval represents a first important step needed to ensure that it can be secured survival of MV Werften. With the release of the funds -- he specified - the liquidity of shipyards can be further guaranteed and can also be carried out pending payments with suppliers.' The Minister also highlighted the importance of the next step, which is the start free to the release of EUR 570 million in aid from the federation fund of economic stabilization that has been MV Werften, funds - explained Glawe - that would cover the company's financial needs completion of the ships under construction.
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