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Athens News Agency: News in English, 11-08-09

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

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

CONTENTS

  • [01] PM confers with Commission chief, Eurogroup president
  • [02] ELPE completes 100% absorption of Petrola
  • [03] Tourist arrivals on Rhodes hit record number

  • [01] PM confers with Commission chief, Eurogroup president

    ANA-MPA/Greek Prime Minister George Papandreou had telephone discussions on Monday with European Commission President Jose Manuel Barroso and Eurogroup president Jean-Claude Juncker that focused on the current debt crisis in Europe and economic developments in the USA.

    In his discussion with Juncker, Papandreou insisted on the need of issuing a Eurobond.ana-mpa

    Papandreou had a similar telephone discussion on Sunday afternoon with European Council President Herman Van Rompuy.

    [02] ELPE completes 100% absorption of Petrola

    -P/The Athens-listed Hellenic Petroleum S.A. (ELPE) on Monday announced completion of its merger with Hellenic Petroleum Company-Petrola S.A. through absorption of 100 percent of its wholy-owned subsidiary Petrola.

    The merger had been approved by the regional development, competitiveness and shipping ministry, recorded in the Athens Prefectural records on July 4, 2011, and was effected in accordance with the provisions of Article 68, paragraphs 2 and 68-78 of Law 2190/1920 in cnjunction with the provisions of articles 1-5 of Law 2166/1993.ana-mpa

    ELPE controls three of the country's four refineries -- in Aspropyrgos, Elefsina and Thessaloniki -- and more than 60 percent of the market.

    Under the existing legislative provisions, the absorption of 100 percent of subsidiary companies did not require the convening of the general assemblies of shareholders of the merging companies as no change was effected to the share capital of ELPE, and therefore no issue of new shares was required.

    [03] Tourist arrivals on Rhodes hit record number

    -PA/Tourist arrivals on the island of Rhodes and the entire Dodecanese complex rose in July 2011 to corresponding levels with the same month last year.

    Specifically, tourist arrivals at Rhodes airport increased 20.77 percent in comparison with July 2010.

    In first place are the British tourists and in second place tourists from Germany, both of which posted an 11.22 percent increase, followed by Italian visitors in third place with a record increase of 38.94 percent.ana-mpa

    Arrivals from the Scandinavian market also posted a noteworthy increase, with a total of 70,000 tourists from Finland, Sweden, Norway and Denmark.

    The highest increase in arrivals, however, was from Russia, with 53.72 in comparison with July 2010, with arrivals from Poland also rising by 43.10 percent.ana-mpa

    Tourist arrivals in the port of Rhodes were also positive in July with 112,696 arrivals against 101,484 in July 2010.


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