Public Power Corporation

The transition from mineral fuels such as lignite to renewable energy sources is bringing new investors to Greece.

On Monday, Germany's RWE is set to sign a memorandum of understanding with Public Power Corporation (PPC) for the joint construction of RES projects in Greece.

Greek stocks on Tuesday reclaimed some of the ground lost in Monday's 8.3 percent slump, on very encouraging trading volume, with banks jumping by over 5 percent to cover almost half of the previous day's losses. 

Prime Minister Kyriakos Mitsotakis stressed the government's determination to phase out lignite plans as part of the National Plan for Energy and Climate at a meeting with Energy Minister Kostis Hatzidakis and ministry officials .

Prime Minister Kyriakos Mitsotakis was on Monday briefed on the National Plan for Energy and Climate by the Energy Ministry's leadership.

European Investment Bank (EIB) president Werner Hoyer announced ambitious plans for major investments in Greece in 2020 during a visit to Athens for talks with Prime Minister Kyriakos Mitsotakis, Finance Minister Christos Staikouras and other government officials today.

Partnership with National Bank of Greece, Piraeus Bank

Greek lawmakers approved a restructuring plan for Larco late on Wednesday which Greece called a last attempt to save Europe's biggest nickel producer.
The European Commission said in November it was taking Greece to the European Court of Justice (ECJ) over its failure to recover 135.8 million euros of illegal state aid to Larco, which is struggling under heavy debt.

EDP Renewables, a subsidiary of Portugal's power utility EDP, is the second partner with which Greece's Public Power Corporation (PPC) will seek to cooperate in the field of renewable energy sources for the implementation of the country's ambitious plan to install RES capacity of 1 gigawatt per annum by 2024.

A number of Athens-listed companies are planning to take part in a new wave of bond issues, aiming to make the most of the favorable climate in the market and the improvement in investor confidence in Greece.

During a visit to Ptolemaida, northwestern Greece, over the weekend, Energy Minister Kostis Hatzidakis announced a number of measures to ease the blow to the region from the withdrawal of lignite-fueled power production units.

The Greek stock market followed the trend set by most eurozone bourses and continued its southbound course at the start of the week. This was despite the drop of the benchmark 10-year bond's yield close to 1 percent.