Public Power Corporation

The stocks of former state companies gave the main index of the Greek bourse a major push on Tuesday while the banks' index stayed put. The benchmark rebounded within range of the 900-point level, with daily turnover rising above 100 million euros.

Greece's Public Power Corporation (PPC) expects a rebound in core profit to 850 million-900 million euros next year, a Greek newspaper reported on Monday, citing a 2020-2024 business plan approved by the utility's board last week. 

Its earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 216 million euros last year from 828 million a year earlier. 

Workers of the country's public power corporation are to start rolling 48-hour strikes from Tuesday at midnight, their labor union GENOP announced on Monday.

The action, which is being held to protest the government's plans to shut down all of the country's lignite-powered plants starting next year.

Workers at the state-run Public Power Corporation will be staging a rally on Monday in Kozani, northern Greece, to protest the government's plans to shut down all of the country's lignite-powered plants starting next year.

The rally against the "sudden death" of PPC, according to unionists, will start at 5 p.m. at the main square of the town of Ptolemaida.

Imported concerns about the US-Chinese trade negotiations weighed on the Greek stock market on Wednesday, on the back of the release of Alpha Bank's third-quarter results on Tuesday and ahead of Thursday's results by National and Eurobank.

The main index at Athinon Avenue edged even closer to the elusive milestone of 900 points on Tuesday, with positive reports fueling the growth of bank stock prices and other blue chips.

The Athens Exchange (ATHEX) general index ended at 893.37 points, adding 0.57 percent to Monday's 888.29 points. The large-cap FTSE 25 index expanded 0.42 percent to 2,232.79 points.

The government is banking on the hidden value of grid operator DEDDIE to attract major investors to the sale of this Public Power Corporation subsidiary. This hidden value lies in its capacity to become the basis for developing a fifth-generation (5G) mobile phone network.

Governments must break eggs at the beginning of their term in office. Bold reforms must be introduced before the onset of political fatigue as political time starts to accelerate. In crafting his political brand, Greece's conservative Prime Minister Kyriakos Mitsotakis adopted several progressive ideas that perhaps don't always reflect the established beliefs of his New Democracy party.

Investor interest in the Greek state's UltraFast BroadBand (UFBB) project illustrates the swing toward infrastructure: A total of 10 investors have expressed non-binding interest in the project, including one from abroad. The latter is Oman Fiber Optic (OFO), which is based in Muscat, Oman.

Tenure in the narrow public sector has deep roots. It is linked to the history of the Modern Greek state and one may argue that it is the basis of continuity and independence of public administration during successive governments, although that was not the result.