Public Power Corporation

On September 27, 2021, on Monday, the main and auxiliary pensions of the employees will be paid (i.e. the pensioners who come from the former Social Insurance Institute -Unified Insurance Fund for Employees (ΙΚΑ — ΕΤΑΜ), the Banks and the Hellenic Telecommunications Organization (OTE)) whose Social Security Number expires at 0, 2, 4, 6, 8.

The recent heavy, and long by Greek standards over the last decades, snowfalls left behind rubble and a host of citizens without electricity, heat, and water.

The fourth consecutive day of gains at the Athens bourse gave the the benchmark its biggest advance as it climbed close to the 800-point mark, in line with most other markets that were open on Monday. Turnover topped 50 million euros despite the fact that major markets such as those of the US, Hong Kong and China were closed due to holidays.

The partial blackout in Attica and the Peloponnese on February 7 points to the urgent need to speed up investments in the power transmission and distribution networks that operate using equipment dating from the 1960s and 70s.

Despite the significant decline of the banks index, other stocks at Athinon Avenue welcomed back buyers on Wednesday, with trading volume remaining just above the 50-million-euro mark after the MSCI index restructuring produced no surprises for listed companies. A bank rebound could fuel a further rise over the rest of the week.

Greece's stock market matched the picture on most other eurozone bourses on Monday with gains secured on relatively thin trade. The Greek market will try to benefit from the desire of certain investors to take some calculated risks as Europe tries to emerge from the health crisis and Italy is close to forming a new government.

By mid-February Greek electricity giant PPC and German peer RWE are expected to sign an agreement for the joint development of renewable energy source projects in the Greek market.

Athinon Avenue gave up 7.36% over the month of January after another day of losses on Friday for the benchmark and the majority of stocks. The prospect of tighter restrictions and concerns over when the economy will start to recover continued to put pressure on prices.

The Greek stock market took last Friday's positive report by Fitch Ratings in its stride. Still, the new strain of the coronavirus has put fresh pressure on stock prices across the continent and most local blue chips took fresh losses on Monday.

One of the biggest problems Greek industry faces is that of competitiveness, which is partly undermined by the high power rates paid by local industrial groups.

One month after the start of negotiations between Greece's main supplier Public Power Corporation (PPC) and energy-intensive companies on industrial rates, the distance between them remains huge.