A bill was approved by majority vote on OAEP

A bill was approved by majority vote on OAEP

A draft bill turning the Organization of Export Credit Insurance (OAEP) into a societe anonyme was approved by majority vote in principle, at the National Defense and Foreign Affairs Committee of the Greek Parliament on Tuesday.

The new formation will be called the Hellenic Export Credit Company SA, and the bill includes ratification of its articles of association.

Ruling New Democracy voted for it in the committee, while SYRIZA, Movement for Change (KINAL) and Greek Solution reserved judgment for the plenary discussion. The Communist Party (KKE) and MeRA25 voted against.

During a hearing earlier, related agencies expressed their full support for it, including the Pan-Hellenic Exporters Association of Exporters with president of the board Christina Sakellaridis who said this was a step long overdue, the Greek Exporters Association (SEVE), the Exporters Association of Crete, and the Hellenic Federation of Enterprises (SEV).

Following the first reading, the second will take place at committee level on Wednesday, while the draft will be tabled in the plenary and vote on Thursday.

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