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.

Greek stocks regained some of the ground lost during Tuesday's trade in the closing auctions. The benchmark's northbound streak was halted after five sessions, while the banks index retained its growth course - but only just.

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.

Taking the first step in its bid to finally enforce a ban on smoking in public places that was introduced a decade ago, the Health Ministry on Monday sent a circular to regional and inspection authorities, instructing them to intensify checks. 

Public Power Corporation could collect about a quarter of the 2.7 billion euros in unpaid bills as part of the government's effort to prevent the utility from going bankrupt, but this has to be done with great care, a finance professor and dues payment expert tells Kathimerini English Edition.

The streamlining plan for Public Power Corporation (PPC) that was announced by the government in Parliament on Monday appears to have secured the provisional consent of Greece's creditors.

Public Power Corporation was the reason the benchmark of the market at Athinon Avenue returned to gains on Tuesday as its 15.61 percent advance offset the decline of the banks index and the majority of other stocks.

Much as Public Power Corporation's stock jumped on Monday on the announcement of the government's plan to prop up Greece's main utility company, the stock market showed a mixed picture at the end of trading, with gainers outnumbering losers, while the benchmark slipped below 865 points.

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.

The new government's strategic plan for streamlining and restructuring Public Power Corporation will start with the part-privatization of the Hellenic Electricity Distribution Network Operator (DEDDIE).