ECONOMY

In Brief

Problems in the distribution of new type of gasoline In a letter to the ministers of economy and development, gasoline station owners expressed concern about problems concerning the new type of gasoline which is to replace supergasoline next year. They are especially concerned that the new product has no single name by which to be identified by consumers and say that there will be confusion as testing classifies it as lead-free. They also draw attention to the lack of environmental studies on the impact of the new fuel and lack of knowledge on their part concerning safety in storage and distribution. Novabank to buy Sitebank shares. Turkey’s Savings and Deposits Insurance Fund said yesterday it had agreed to sell shares in Sitebank, a small bank with 13 branches held in state receivership, to Greece-based Novabank. The fund said in a statement that Novabank would complete its work to purchase Sitebank’s shares by January 11. The fund provided no other details, including how much Novabank would pay for the shares of Sitebank. (Reuters) Alpha gifts. Alpha Bank will contribute a significant amount to charitable organizations for children and drug addicts in place of sending greeting cards and gifts this Christmas, according to a press release.