Search Results for: Greek

BY PHILIP FINE

A NEW American law that shields insurance companies from large-sale terrorist attacks could spark some courtroom battles for ship-owners, as it offers little legal certainty for maritime cover, specialists have claimed.

For the next three years, the Terrorism Insurance Act of 2002 will require the US federal government to cover potential damages for up to US$90 billion (GBPounds 57 billion) annually.…

KEITH NUTHALL
INNOVATION is important in the provision of water services, whether that be to prevent the contamination of supplies by a return of this summer’s floods, or to source drinking water for arid areas where ground reserves are running dry.…

BY KEITH NUTHALL
THE EUROPEAN Commission has approved Germany’s controversial Euro 647 million state aid injection to TotalFina Elf subsidiary Mitteldeutsche Erdöl Raffinerie for constructing the Leuna 2000 refinery in Saxony-Anhalt. Brussels had re-examined the project and has now cleared all aid, including Euro 61.4 million, which had been blocked pending the decision.…

BY KEITH NUTHALL
THE EUROPEAN Investment Bank is lending Euro 100 million to the Electricity Authority of Cyprus to help it improve its electricity transmission and distribution networks. The loan will help finance 19 transmission schemes and a larger number of distribution schemes throughout the Greek part of the island.…

BY MARK ROWE
TONGA’S venture into the world of shipping registries appears to have ended in the farce that many industry experts long predicted. The registry was closed earlier this year in the face of international criticism but Tonga now believes it has lost the money it made during the registry’s controversial two-year period.…

BY KEITH NUTHALL
THE PUBLIC Power Corporation (PPC) of Greece will be able to honour a long term contract with Aluminium of Greece to supply it with cheap electricity at a loss, even after the part-privatised generating company faces full competition in the European Union (EU) energy market under EU liberalisation directives.…

Keith Nuthall
EUROPEAN Union agriculture Commissioner Franz Fischler has resisted an attempt by the Greek government to bypass the European Commission in its bid to pay state aid to cotton producers. Greece asked a meeting of the EU Council of Ministers for agriculture to consider the matter as it has the power to authorise the payments.…

BY KEITH NUTHALL
THE EUROPEAN Commission has authorised the Greek government to pay the part-privatised Public Power Corporation of Greece up to Euro 1.431 billion in compensation for so-called ‘stranded costs,’ liabilities incurred when the Greek energy market was regulated and publicly controlled.…

BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is lending Euro 55 million to the (Greek) Republic of Cyprus to fund improvements to the efficiency, safety and capacity of air traffic control services in the Nicosia Flight Information Region.

Its loan will pay for buildings and equipment at the new Area Control Centre, Nicosia, replacing long-range primary and secondary surveillance radar, at Konia, and also replacing Larnaca’s instrument landing system.…

KEITH NUTHALL
THE GREEK government is being taken to the European Court of Justice over its insistence that lorry drivers should pay registration taxes in Greece to use their vehicle temporarily in that country, even if it is registered in another EU Member State.…