Public Power Corporation
OpenCalais Metadata: Ticker
The Greek association of small businesses has asked Bank of Greece Governor Yannis Stournaras and Public Power Corporation CEO George Stassis for relief measures for businesses on the northern Aegean island of Samothraki that have suffered as a result of the 12-day suspension of ferry connections earlier this month.
A large fire that began after midnight Sunday in the eastern Athens suburb of Paiania had raced up the slopes of Mt Hymettus and reached its peak before it was brought under control Monday morning. The fire damaged radio station installations in the area. Concerns have been raised by the possibility that it could have been caused by a short circuit in the cables of Public Power Corporation.
An effort to boost Public Power Corporation's (PPC) revenues without increasing the burden on consumers - as promised by Energy Minister Kostis Hatzidakis and PPC's new management under Giorgos Stassis - is looking like an increasingly challenging task, as estimates of the amount needed to balance the company's accounts are estimated at 700 million euros on an annual basis.
Banks led the way on Monday at Athinon Avenue, where trade was notably slower due to it being the start of the traditional summer holiday season, while the election frenzy that started on May 27 appears to have subsided. The benchmark edged nearer the 900-point landmark, but the majority of stocks ended up on the losing side.