Public Power Corporation

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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. 

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: 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.

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.