Public Power Corporation

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.

A group of Greek and US experts has sent the Energy Ministry an alternative proposal regarding the operation of Public Power Corporation's efficient lignite-powered units, such as Ptolemaida 5, beyond the termination deadline of 2028 that the National Plan for Energy and the Climate provides for.

Wind energy output soared to new records in 2019 in Greece, with more new wind energy farms going into operation than in any other year, Hellenic Wind Energy Association HWEA/ELEATEN said in a report released on Thursday.
The increase was almost four times the annual average rate of the previous decade, raising the total power of wind farms to more than 3,500 MW last year.

Hundreds of miners gathered outside Parliament in downtown Athens on Saturday to protest plans to liquidate and sell state-owned ferronickel production firm Larco. The European Commission in November said that it was taking Greece to the European Court of Justice over its failure to recover 135.8 million euros of illegal state aid to the company.

"Minister for PPC": That's what many people thought I was, until December, which was when public interest focused on the international energy plans, mainly due to tension with Turkey.

The positive views on the Greek economy and its banks by various foreign firms, including rating agency DBRS Morningstar, continue to feed traders' buying interest, which is also trickling down to mid- and small-caps. This carried the benchmark through to another day of growth on Wednesday, on higher trading volume too thanks to a number of packages that changed hands.

Electricity consumers will have to shoulder a 300-million-euro power theft bill.

The banks index at Athinon Avenue staged a 2.74 percent rebound on Thursday, leading the benchmark of the Greek bourse back up to 926 points on turnover of more than 100 million euros.

The Athens Exchange (ATHEX) general index ended at 926.06 points, adding 1.30 percent to Wednesday's 914.17 points. The large-cap FTSE 25 index expanded 1.22 percent to 2,308.07 points.

The new year started with another 58-month high for the Greek stock market benchmark on Thursday, showing that the local bourse's growth momentum remains strong even without the support of credit sector stocks.

At least five villages in the broader Thiva region in central Greece were left without power on Monday as a result of heavy snowfall that also caused problems in other parts of the region.