Public Power Corporation
OpenCalais Metadata: Ticker
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.
The country was in desperate need of a sign that would make it feel that it is turning a page, and it got this with the general elections of July 7. Just a few days into its tenure, the new government has already shown itself to be professional and well-prepared to deal with the country's challenges.