PPC
Economy
Athens Stock Exchange Recording Losses of 7.35% During Third Consecutive Day of Fall
New dramatic free fall recorded the Athens Stock Exchange (ASE), which sank to a new year low, amid the worsening climate in the markets due to political uncertainty, while the Greek 10-year bond recorded a worrying increase over 9%.
The...
Economy
Citigroup: What Might a SYRIZA Govt Mean for Greek Equities
U.S. based multinational banking and financial services corporation Citigroup is examining what a SYRIZA government might mean for Greek equities, taking in account the upcoming presidential election in Greece and the risk of early general elections which might bring...
Greece
Greek PPC Power Cut Results in Death of Quadriplegic Woman
A 56-year-old woman died in the area of Chania, Crete, due to a power cut. She had been quadriplegic for 20 years and was living on mechanical support.
According to Greek news, the woman had a live-in nurse who was taking care...
Energy
PPC Announces Higher Electricity Rates
Public Power Corporation (PPC) on Monday announced electricity rate increases up to 11 percent for household customers with electricity consumption of up to 800 kW over a four-month period and rate decreases of up to 3.4 percent for small and...
Energy
Papoulias Signs the Law on Small PPC
On Friday afternoon, the President of the Hellenic Republic Karolos Papoulias signed the law concerning the privatization of 30% of the Public Power Corporation (PPC).
The signing of the law cancels the intention of opposition SYRIZA party leader Alexis Tsipras to ask Papoulias' intervention...
Economy
Greek Government not Worried by Troika's Dissatisfaction
Greek Prime Minister Antonis Samaras held a meeting with coalition government Vice-President Evangelos Venizelos, after the heads of the Troika expressed their dissatisfaction on the implementation of the measures agreed upon.
Newly appointed Bank of Greece (BoG) governor Yiannis Stournaras was also...
Energy
Special Parliamentary Session on Friday Over Proposed Referenda
The Greek Parliament's Conference of Presidents decided on Thursday to hold a special session of the first Summer Recess section of the Parliament at 10 a.m. on Friday and determine whether or not a plenary Parliament session should be convened...
Energy
Referendum Proposals for 'Small DEI' Bill
In the House’s summer session, 51 of the 100 MPs voted in favor of the creation and sale of the so-called “Small DEI,” which consists of 30 percent of the Public Power Company which has the monopoly of electrical...
Economy
Greek Parliament Approves Splitting, Selling of PPC
The Greek Parliament has approved a bill splitting state utility Public Power Corporation (PPC) by carving away a subsidiary and selling it to private investors.
The Parliament's first summer session, consisting of one-third of the total of 300 MPs, approved the...
Greece
Greek Government not in Favor of Meimarakis' View for a Referendum
The Greek government is not in favor of Parliament Speaker Vangelis Meimarakis’ view to debate on a possible referendum regarding the privatization of part of the Public Power Corporation (PPC) over the weekend if 120 MPs call for it.
Meimarakis expressed his...