Greece
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DEI

Greece to Present 500-Million-Euro Rescue Plan for Struggling Public Power Utility

The new President and CEO of the Public Power Corporation (PPC), Greece's struggling public power utility, will present a 500-million-euro rescue package to the company's board on Friday. According to the Athens-Macedonian News Agency (AMNA), rate hikes will be offset by...

Greek Public Power Cooperation Records Huge Losses

The Greek Public Power Corporation (PPC), the largest publicly-owned utility in the country, announced on Tuesday losses amounting to 542 million euros for 2018. PPC’s turnover in 2018 amounted to 4.7 billion euros, compared to 4.9 billion euros in 2017....

Experts Warn Crete Will Experience Power Blackouts This Summer

Greece’s Electricity Distribution Network Operator (DEDDIE) sent a clear warning on Friday that Greece's largest island, Crete, will experience power blackouts in the summer unless special measures are taken. DEDDIE sent an open letter to the Public Power Corporation, the...

'Red' Loans Management to Unsettle Greek Parliament

The hot issues of 'red' loans management and the privatization of the Independent Power Transmission Operator (ADMIE) will be tabled in Greek Parliament on Monday amid strong reactions from opposition parties. Large business loans and second home mortgages will be...

SYRIZA to Freeze Privatizations

The Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis is currently promoting a bill that would invalidate the privatization of DEI (Public Power Corporation of Greece) and the sale of ELPE (Hellenic Petroleum). Specifically, the bill is: Canceling the law on...

Half-Million Greeks now on Social Electricity Tariffs

More than half a million Greeks have joined the social residential electricity tariffs offered by Greece’s Public Power Corporation (DEI). According to the data provided to the Greek Parliament by Deputy Minister of Environment, Energy and Climate Change Asimakis Papageorgiou,...

Report Finds Waste and Luxury in Greek Public Sector

Such tales of lavish expenses defy the imagination and would be more likely found in a movie script than in modern-day Greece, yet, in the Greek public sector, this is what passes for reality. The Greek Inspectors-Controllers Body for Public Administration...

Island of Rhodes Floods Again

The streets of the island of Rhodes are flooded because of heavy rain on Thursday afternoon. The Fire Department has received numerous calls about flooding and related traffic problems. The authorities are on full alert, according to local news website...