![The three priorities of the semester for Hellenic Petroleum](https://www.ot.gr/wp-content/uploads/2021/05/ΕΛΠΕ-1.jpg)
During the last half of the year, the CEO of the listed company set three priorities for the ELPE group.
Speaking during the annual regular general meeting of shareholders, Andreas Siamisis listed:
1. The completion of the changes of corporate governance with a milestone of the deadline of July 16 for the incorporation of the changes provided by the legislation. The CEO defended the changes proposed by the Board. and the decisions of the shareholders saying that “after a quarter of a century that the ELPE has been in operation, the changes had to be made. They will have only positive results in the operation of the group “.
2. The launch of the strategic transformation plan “VISION 2025” of the group with horizons of five years and ten years. Investments of 3.5-4 billion euros are envisaged with the aim of reducing by 50% the emissions of gaseous pollutants by 2030 and the entry of the new energy sectors listed in new activities.
3. Development in new energy, such as energy storage, hydrogen, RES and gas power generation. According to the CEO, the reduction of the carbon footprint is a one-way street, given the increase in the prices of CO2 emission rights, which burdens ELPE and other related industrial activities with hundreds of millions of euros. Mr. Siamisis at this point also referred to the emblematic work of EL.PE which is the construction of a large photovoltaic park with a capacity of 204 MW in Kozani and its completion and operation at the end of 2020 and early 2021.
On his part, the president of the group of EL.PE Giannis Papathanassiou set as a goal the consolidation of the leading position that the company has in Southeast Europe but also the guidance of the changes that take place in the context of the “green” and energy transition: “ELPE is being transformed having VISION 2025 as a beacon with an investment program of 4 billion euros”, the president of ELPE said characteristically .
The annual general meeting of shareholders, among other things, approved the decision of the board of directors for the distribution of a dividend of 0.10 euros per share and a total amount of over 30 million euros. The start date for the payment of the dividend was set for July 12, 2021.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Critical Week for Greece-Cyprus Cable](https://www.ot.gr/wp-content/uploads/2024/07/kalodio_elladas_cyprus_israil.jpeg)
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
![Roberta Metsola Re-elected President of European Parliament](https://www.ot.gr/wp-content/uploads/2024/07/2024-07-16T110250Z_1107936467_RC2BW8AZP0U4_RTRMADP_5_EU-PARLIAMENT-2048x1366-1-600x400.jpg)
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
![ELSTAT: 1.5% Increase in Business Turnover in May 2024](https://www.ot.gr/wp-content/uploads/2024/07/epixeiriseis_2-600x414.jpg)
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
![Cosco: Container Traffic Decline at Piraeus Port Continues](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight