Public Power Corporation
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ATHEX: Index absorbs pressure and reins in losses
On a day of pressure for Greek stocks and bonds, the benchmark of the local bourse came away from Thursday's session relatively unscathed, managing to remain above the 900-point mark, while the gainers and the losers ended up level.
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PPC is now having second thoughts over DEDDIE sale
Public Power Corporation appears quite reserved about the privatization of the Hellenic Electricity Distribution Network Operator (DEDDIE), at least according to the position expressed during the consultation process.
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ATHEX: Non-bank blue chips lead rise
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.
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PPC expects rebound in 2020 core profit, report says
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.
Power board workers to stage rolling strikes
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.
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PPC workers to protest closing of lignite-powered plants
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.
ATHEX: Index drops 3 points on global worries
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.
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ATHEX: Greek stock index reduces distance from 900-pt mark
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.
DEDDIE could benefit from 5G network needs
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.
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A bold administration with solid arguments
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.
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