Liquidation of Hellenic Vehicles Industry (ELVO) set out in Interior ministry bill
ANA-MPA -- Provisions regarding the Hellenic Vehicles Industry's (ELVO) liquidation process have been submitted in an amendment to the Interior ministry's bill setting out how EU citizens living in
The amendment states that ELVO, part of the Greek defence industry, will be subsidised by the Greek state during the entire liquidation period to enable production - mostly concerning completion of the Greek Armed Forces' orders - to continue. The subsidy expenditure, according to the State General Accounting office's report, is assessed at 14 million euros and is expected to be offset fully by ELVO's auction value.
The subsidy will cover the following obligations: to contractors of the company; the state; social insurance agencies; energy providers; the special liquidator; and to cover the rest of the liquidation's expenditures and expenditures that are necessary for the completion of orders. The subsidy will be provided directly by the liquidator for the coverage of the debts and expenditures; it will not be included in the amount to be distributed to the creditors.
In terms of the Interior ministry bill, the real population of municipal districts in municipalities of over 100,000 inhabitants each will be based on the ratification of the 2011 census figures. Population that cannot be assigned to districts will be distributed among them proportionately.
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CONSTRUCTION SECTOREllaktor SA - the holding company comprising a Greek construction, concessions, waste management, energy and real estate group with a 1.2 bln euros turnover for 2013 - was found by Deloitte to rank 46th among the 50 largest European construction grou
PRIMARY SURPLUSGreek authorities on Monday reported a primary budget surplus of 712 million euros in the first six months of the year
POVERTY RATEGreece ranks fourth among the 28 EU member-states for the highest percentage of citizens that are living on or below the poverty line, according to figures released by the independent Greek statistical authority ELSTAT