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Athens News Agency: News in English, 09-01-22

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] NBG shareholders approve 350-mln-euro share capital hike
  • [02] EL.PE subsidiary OKTA to cover temporary FYROM energy shortage
  • [03] Gov't briefed on OA privatisation

  • [01] NBG shareholders approve 350-mln-euro share capital hike

    A National Bank extraordinary general shareholders' meeting on Thursday approved a board plan for a share capital increase worth 350 million euros through the issuance of new preferred stocks of a nominal value of 5.0 euros each, part of a government-sponsored plan to boost and maintain liquidity in the Greek economy.

    Addressing the shareholders' meeting, Takis Arapoglou, the bank's chairman and chief executive, noted that National Bank continued to present positive results and profits despite the international financial crisis, and at a time when major international bank groups were suffering major losses.

    Arapoglou, in comments on Wednesday, said National Bank continued to support the Greek economy, while leaving open the prospects for new lending to households and small-and-medium-sized enterprises, while it remained amongst the top 25 banks in Europe.

    [02] EL.PE subsidiary OKTA to cover temporary FYROM energy shortage

    SKOPJE (ANA-MPA / N. Frangopoulos) -- The OKTA refinery group in the neighbouring Former Yugoslav Republic of Macedonia (FYROM) on Thursday announced an urgent agreement with the country's government to supply diesel oil (mazout) to a local power plant and Skopje municipality's residential heating company.

    Specifically, OKTA will supply 30,000 tons of oil to the Negotino power plant and 23,000 tons to the municipal Toplifikacija over a period of three months. The rate per ton will be determined via a 1999 contract signed by the FYROM government and OKTA.

    The recent Russia-Ukraine squabble created an energy shortage in the neighbouring country, particularly in terms of power production and heating in Skopje, according to reports.

    The OKTA refinery, the only such facility in the landlocked country, was purchased in 1999 by Athens-based Hellenic Petroleum S.A (EL.PE). Although the company retains the right to export smaller quantities of oil to neighbouring countries, OKTA management stressed that meeting domestic demand is its top priority.

    [03] Gov't briefed on OA privatisation

    Members of an inter-ministerial privatisations commission on Thursday were briefed by the Greek state's consultants over developments in the closely watched privatisation process for national carrier Olympic Airlines.

    Speaking to reporters after the meeting, Development Minister Costis Hatzidakis said the privatisation procedure was progressing smoothly and according to an agreed timetable. The meeting also unanimously agreed to extend authorization to Hatzidakis for handling the process in tandem with new Transport and Communications Minister Evripides Stylianidis.

    Stylianides took over from Hatzidakis at the transport ministry earlier this month after a Cabinet reshuffle.

    Hatzidakis said the privatisation procedure was progressing smoothly and that no alternative plans were necessary, while Stylianidis said the inter-ministerial commission was awaiting investors' binding offers.


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