Liquidation of Hellenic Vehicles Industry (ELVO) set out in Interior ministry bill

Το εργοστάσιο της Ελληνικής Βιομηχανίας Οχημάτων (ΕΛΒΟ), Τετάρτη 11 Ιουλίου 2007
Last update: 20:52



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 Greece shall vote in the European Parliament elections.


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.


Μore on subscriber's page
© ANA-MPA SA. Intellectual rights and copyright are the sole property of the ANA-MPA and are allocated to the Agency's subscribers for specific uses only.
  • 20:06   Gov't VP asks European Parliament committee's help to restore social security rights
  • 19:37   Trading in future contracts on Eurobank and Alpha Bank will begin on Wednesday‏
  • 19:34   Competition authority fines Athenian Brewery 31.4 million euros‏
  • 19:30   New electronic wealth statement extended to include valuables, act as pilot for 'wealth register'
  • 19:28   New Democracy sues IT company for botched leadership elections
  • 18:58   ADEX closing report‏
  • 18:57   Debate on 2016 draft budget starts in plenum; will be voted on Dec. 5
  • 18:56   Greek bond market closing report‏
  • 18:50   Turkish fighter jets violate Greek airspace
  • 18:46   METRO to buy Veropoulos Group‏
  • 18:42   Greek stocks end moderately higher‏
  • 18:39   U.S. embassy asks Greek island to lower rent on Athens property 'due to crisis'
  • 18:25   Greek island abolishes plastic bags to defend environment
  • 17:33   Migrants stuck at Eidomeni will be taken back to Athens, Mouzalas says
  • 17:20   Environment & energy minister to Moscow on Tuesday
  • 17:11   FM Kotzias urges 'calm and composure' in relations with Russia, continued peace effort in Syria
  • 16:52   Far less refugees arrive to Lesvos on Tuesday, despite good weather
  • 16:09   The government will be judged at the end of its four years, PM tells SYRIZA lawmakers (ADDS)
  • 15:30   The government will be judged at the end of its four years, PM tells SYRIZA lawmakers
  • 14:09   Greek economy to return to growth sooner than expected, EconMin says
  • 13:26   Government majority is not threatened, spokeswoman Gerovassili says
  • 13:20   Weather Forecast: Mostly fair on Wednesday
  • 13:15   What will be decided for Greece in labour will be applied in other European countries too, says Labour Minister Katrougalos
  • 13:04   President Pavlopoulos meets Luxembourg's Labour Min Schmit
  • 12:57   Greek market watchdog suspends trading in Altec shares
  • 12:11   The banks' recapitalisation is probably the biggest robbery in the Greek history, Popular Unity leader Lafazanis says
  • 12:06   Greek PMI up to 48.1 points in Nov
  • 12:03   Greek economic sentiment index unchanged in Nov
  • 11:14   Greece called to assume the refugee crisis burden amid EU austerity measures, Stiglitz says
  • 11:13   Athens Stock Exchange opening: Rise
  • 10:14   There is no problem with the government majority, Interior Min Kouroumblis says
  • 10:06   At least 3,000 refugees arrive at Piraeus port on Tuesday
  • 09:58   The government meets the needs of the Greeks that voted for it, State Min Flambouraris says
  • 09:27   Athens Newspapers Headlines
  • 22:37   Gov't VP to meet delegation of European Parliament's employment committee Tuesday
  • 22:26   Tsipras tells FYROM president refugees should not be trapped at the borders
  • 22:11   Greek island mayor proposes plan to secure its energy self-sufficiency
  • 21:51   R&D spending slightly up in 2014
  • 21:45   Eurobank's new shares will begin trading on Wednesday
  • 21:29   Work stoppages to disrupt public transport in Athens on Dec. 3
  • 20:55   PM Tsipras calls for 'global shift to a climate-friendly, sustainable society' at COP21 (ADDS)
  • 20:51   EU's Costello: Greek bank deposits no longer at risk of 'haircut
  • 20:28   PM Tsipras meets French PM Manuel Valls
  • 20:12   PM Tsipras calls for 'global shift to a climate-friendly, sustainable society' at COP21
  • 20:11   Attica Bank begins share capital increase plan
  • 19:04   ADEX closing report‏
  • 19:02   Corruption minister holds meeting on German list of 10,000-plus Greeks with cash abroad
  • 18:49   Minister says he has not received the resignation of financial crimes squad's head
  • 18:38   Greece must phase out carbon but doesn't need 'pharaonic' wind parks, Alt. environment minister says
  • 18:38   Protesters invade Italian consulate in Athens, react for possible extradition of Greek students
  • 18:12   Energy minister briefs EU counterparts on developments in TAP construction
  • 18:07   Greek stocks end 2.3 pct lower‏
  • 18:04   Greek FinMin urges debt issue resolution by March at American-Hellenic Chamber conference
  • 16:56   U.S. ambassador optimistic about Greece's future progress at Athens conference
  • 16:01   Italian authorities empty 'Norman Atlantic' interior nearly one year after fatal fire
  • 15:08   PM Tsipras has brief meeting with Turkish president Erdogan
  • 14:39   PM Tsipras to speak to SYRIZA parliamentary group on Tuesday
  • 14:35   Thessaloniki Port submits application for waterway licence
  • 14:20   Man arrested for drug dealing
  • 14:13   PM Tsipras has meetings with top officials on the sidelines of COP21
  • 14:00   Hackers tried to intrude into Greek banks' web banking system (UPDATE)
  • 13:43   Weather Forecast: Mostly fair on Tuesday
  • 13:41   Greek retail sales volume down 3.2 pct in Sept
  • 13:15   Korres Group says sales up 12 pct in Jan-Sept
  • 13:14   Greek retail sales volume index down 2.2 pct in Aug
  • 12:58   Traffic accidents causing fatalities or injuries down in Aug.
  • 12:42   Hackers tried to intrude into Greek banks' web banking system
  • 12:18   Davotoglu replies to Tsipras' statement on twitter
  • 12:06   The government has not asked for consent without debate, spokeswoman Gerovassili says
  • 11:24   Athens Stock Exchange opening: Consolidation
  • 10:34   At least 3,000 refugees arrive at Piraeus port on Monday
  • 10:07   PM Tsipras outlines Greece's strategy on EU-Turkey relations
  • 09:28   Athens Newspapers Headlines
  • 20:18   Hollande says EU-Turkey Summit focused on refugee crisis, terrorism
  • 19:53   It's important to promote cooperation between EU, Turkey on refugees, say gov't sources
  • 19:41   Hollande: A deal with Turkey on refugee crisis is in everyone's interest
  • 19:36   European Commission approves state aid to Piraeus Bank
  • 19:30   Outcome of political party leaders meeting was anticipated, say gov't sources
  • 19:22   Weather forecast: Mostly fair on Monday
  • 19:12   Tsipras speaks with Portugal's PM Costa and Hollande
  • 19:09   Turkish PM: 'This is a historic day in our accession to the EU'
  • 19:01   Commissioner Avramopoulos to visit Stockholm and Paris on Monday, Tuesday
  • 18:32   Greek Red Cross appeals for unobstructed access of refugees to its clinics
  • 17:47   Thousands march through Athens to demand effective policies for climate change
  • 16:57   Three out of five ‘hotspots’ to be ready by end of the year, says Migration minister
  • 16:36   FM Kotzias presents spirit and range of Greek diplomacy at University of Tehran
  • 16:17   EU’s Tusk: ‘Without control of external borders, Schengen will become history’
  • 15:48   PM Tsipras says confident EU-Turkey summit will yield results on refugee flows
  • 15:28   IMO Assembly re-elects Greece in 40-member Council
  • 15:10   Calm prevails at Greek-FYROM border as country continues raising a fence
  • 14:59   Athens Newspaper Headlines
  • 14:16   Five parties would make it into parliament if elections were held today-poll
  • 13:45   Tsipras: Government will push ahead with reforms despite the objections
  • 22:22   Athens is against closing national borders, says Civil Protection minister
  • 22:13   Journalists to strike on Dec. 2, ahead of general 24-hour strike called by main unions
  • 21:49   Greece's role is 'central' in EU's dialog withTurkey on guarding borders
  • 21:34   Byzantine and Christian Musem to host exhibition by Israeli photographer Dafna Tal
  • 20:55   Tsipras congratulates new Portuguese PM Costa
  • 20:34   Prosecutor charges 59 for illegal state guarantees of problem loans
  • 20:31   Refugee crisis demands a comprehensive European response, says minister
business wire