Press Release: State aid: Commission approves EUR 2.03 million investment aid for German shipyard Rolandwerft

The European Commission has approved under EC Treaty state aid rules regional investment aid totalling €2.03 million for the German shipyard Rolandwerft. After an in-depth investigation initiated in February 2006 concerning a first set of investments worth € 1.56 million (see IP/06/203), the Commission has concluded that the investment is limited to a modernisation of the yard which will improve its productivity. It will not result in a disproportionate capacity increase. Simultaneously, the Commission has approved further investment aid to Rolandwerft worth € 0.47 million notified in August 2006.