The relevant foreign and deputy foreign ministers on Monday presented a draft bill reforming and streamlining the country’s Export Credit Insurance Organization (OAEP).
According to the presentation, a business plan aims to increase, by five-fold, the value of guarantees for Greek exports, namely, 8.7 billion euros, or 21.6 billion euros in added value exports.
The draft bill foresees the transformation of the state-run entity into a societe anonyme with a sole shareholder – the state – and with a commensurate expansion of its purpose and activities, along the lines of the best European models.
The upgraded Export Credit Insurance Organization will be obliged to follow the basic principles of good corporate governance and comply with the Union’s regulatory framework for export credits.
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