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.
NEWS
  • 22:55   ND should show 'more seriousness' on foreign policy issues, says PM 's office
  • 22:44   ND: SYRIZA has transformed from anti-NATO to pro-NATO
  • 22:37   Greece aims to reduce licensing time for foreign investments to 6-8 months-minister
  • 22:12   Farmers announce new rally for Saturday
  • 21:52   HFSF says portfolio value down in Jan-Sept‏
  • 21:49   EC head Tusk to visit Athens on Tues. for talks on Britain
  • 21:36   Commissioner Avramopoulos to meet NATO's Stoltenberg on Monday
  • 20:52   Farmers warn of more labour action against social security reforms
  • 20:22   Frontex will work closely with NATO against traffickers, agency's head Leggeri says
  • 20:16   FM Kotzias to attend trilateral with Cypriot, Lebanese counterparts in Brussels
  • 19:49   Farmers reach Syntagma Square; more than 10,000 at rally, police estimate
  • 19:14   Labour Minister: Government is ready to talk with farmers
  • 19:11   ADEX closing report‏
  • 19:09   With two million visitors each year, Santorini one of the world's top tourism destinations
  • 19:04   Greek Council of Refugees accuses FYROM of seizing legal documents of refugees
  • 18:32   Greek bond market closing report‏
  • 18:30   Greek stocks rebound on Friday, end 9.84 pct down in the week‏
  • 18:10   Massive farmers' protest rally begins march towards Parliament
  • 18:00   Evros farmers close Kipi customs to all vehicles as reprisal for Athens arrests
  • 18:00   Commissioner Avramopoulos to ANA-MPA: No provision for expulsion from Schengen
  • 17:36   Sklavenitis-Marinopoulos sign partnership agreement‏
  • 17:27   IMF's Thomsen asking for 'different programme to that agreed,' gov't sources claim
  • 17:14   Dombrovskis says IMF is 'clearly' part of the Greek program review
  • 16:07   New Democracy party conference to be held on April 22, Mitsotakis decides
  • 16:04   Main opposition ND leader has meeting with defence minister on refugee/migrant crisis
  • 15:46   We need a politically and socially sustainable Europe, Italian parliament president Boldrini tells ANA-MPA (RECASTS)
  • 15:22   President Pavlopoulos meets Italian parliament president Boldrini
  • 15:20   Three hotspots on Aegean islands will be ready on time, say sources
  • 15:05   Farmers set up tents on Syntagma square
  • 14:23   EU Commission's recommendations on the security of EU external borders
  • 14:17   Nireus shares trading again in main market of Athens Stock Exchange
  • 14:15   Private building activity down 4.5 pct in Nov
  • 14:04   PM Tsipras and ND leader Mitsotakis to meet with Jean Claude Juncker on Wednesday
  • 13:59   Weather Forecast: Clouds, rain on Saturday
  • 13:52   We need a politically and socially sustainable Europe, Italian parliament president Boldrini tells ANA-MPA (UPDATE)
  • 13:18   Greek import price index down 6.8 pct in Dec
  • 13:17   Piraeus Bank launches "Farmers' Card"
  • 13:16   Greek economy contracted by 0.7 pct in 2015
  • 13:15   Refugees problem concerns all EU states, say PM Tsipras and Italian parliament president Boldrini
  • 12:53   Agriculture Min Apostolou condemns earlier clashes outside the ministry
  • 12:37   Clashes between farmers and police outside the Agriculture Ministry
  • 12:22   Body of missing helicopter crew member found on Kineros islet
  • 12:14   We need a politically and socially sustainable Europe, says Italian parliament president Boldrini to ANA-MPA
  • 12:14   PM Tsipras and ND leader Mitsotakis speak to ANA-MPA on the refugee issue
  • 11:32   Athens Stock Exchange opening: Rise
  • 10:27   Massive farmers' protest at Syntagma square
  • 09:43   Athens Newspapers Headlines
  • 09:24   579 refugees to arrive at Piraeus port on Friday
  • 02:17   Law on new media passes in Parliament with 154 votes
  • 23:45   ND leader Mitsotakis: ‘Pluralism is in danger’
  • 23:02   Farmers expect mass participation in Athens rally on Friday
  • 22:46   Eurogroup notes good cooperation with Greece, urges gov't to pass remaining reforms
  • 22:22   SYRIZA MPs submit request on roll call vote on TV licensing bill
  • 22:10   Tsipras: TV licensing law debate shows who wants to clear up Greece’s media landscape (UPDATE)
  • 21:46   Tsipras: TV licensing law debate shows who wants to clear Greece’s media landscape (ADDS)
  • 21:32   Tsipras: TV licensing law debate shows who wants to clear Greece’s media landscape
  • 21:11   SYRIZA MEP Papadimoulis to Zaman: Implementation of EU-Turkish deal on refugees is mutually beneficial
  • 20:49   EasyJet to add Zakynthos-Stansted flight to its destinations this summer
  • 20:27   EU Commission welcomes NATO decision to send naval force to Aegean
  • 20:10   Trastor says revenue stable, losses up in 2015‏
  • 20:08   Gov’t VP discusses refugee crisis with Swiss ambassador
  • 20:07   Greek bond market closing report‏
  • 20:06   ADEX closing report‏
  • 20:01   Gov't sources rebuff criticism of expert report on television licences
  • 19:49   Athens' real estate prospects seen tumbling in 2016, PwC survey says
  • 19:39   PM Tsipras to meet Italy's Parliament Speaker Boldrini on Friday
  • 19:13   Journalists, employees of TV channels announce 7-hour work stoppage
  • 18:36   Greek stocks extend decline for eighth successive session‏
  • 18:35   Greek armed forces confirm identities of bodies of two naval airmen
  • 18:29   People potentially eligible for asylum turned back at FYROM border for having 'wrong' nationality, Human Rights Watch charges
  • 18:08   Greek-Turkish officials discuss cooperation in managing refugee flows, readmission
  • 17:57   NATO to assist on refugee crisis, orders warships to Aegean (ADDS)
  • 17:47   Archdiocese of Athens's humanitarian organization to 'adopt' Samos hotspot
  • 17:39   PM Tsipras and Piraeus mayor discuss plans for migrant reception facilities near the port
  • 17:29   Greek FinMin has meetings with Moscovici, head of IMF European Dept Poul Thomsen
  • 16:55   Greek unemployment rate eased to 24.6 pct in Nov
  • 16:27   Djisselbloem 'optimistc' about outcome of talks on Greek programme
  • 15:58   PM expresses 'deepest anguish' over fallen Navy helicopter crew
  • 15:22   Mouzalas notes risk that borders will close, slams EU for delaying agreed funds for refugee crisis
  • 15:10   Defence Minister Kammenos on NATO's involvement in refugee crisis
  • 14:37   Defence Min Kammenos on the Navy helicopter accident
  • 14:21   NATO to assist on refugee crisis
  • 14:18   TV licences tender is part of the memorandum, says European Commission spokesman
  • 13:59   FinMin Tsakalotos meets Commissioner Moscovici ahead of Eurogroup
  • 13:58   We try to understand and help, says Czech FM Zaorálek
  • 13:29   Weather Forecast: Clouds, rain on Friday
  • 13:17   Energy Minister Skourletis meets with Ambassador of Kuweit to Greece
  • 13:17   ND spokesman: Refugees issue a European and international matter
  • 12:52   E-payments to add 0.5 pct to Greek GDP in 2016-2022, report
  • 12:51   OAED launches 60-mln-euro programme for 15,000 unemployed people
  • 12:50   Premium insurance production down 3.58 pct in 2015
  • 12:44   ND spokesman sternly attacks government on TV licences
  • 12:44   Hotspots to be ready by end of month, Shipping Min Dritsas tells ANA-MPA
  • 12:20   The bodies of two helicopter crew members located on Kineros
  • 12:14   Macedonia farmers remain at their blocks
  • 11:45   Farmers to open Tempi Valley on Thursday evening
  • 11:10   Athens Stock Exchange opening: Slump
  • 10:55   Search operation to locate missing crew of Navy's helicopter continue
  • 10:18   Athens Newspapers Headlines
  • 10:00   Bill on TV licences submitted to Parliament
prn_newswire
business wire
eana