Public Power Corporation
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ATHEX: Bourse stems outflow of stock cash
The Greek bourse appears to have stemmed the outflow of funds seen at the start of the week and is preparing for its next move upward, after another session - on Wednesday - where blue chips rebounded, with the exception of banks. Reports by foreign firms, such as that by Jefferies, indicate that there is more to come from where the January and February momentum came from.
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PPC to complete takeover of Enel Romania
The signing of a binding agreement for Public Power Corporation to acquire the assets of its Italian peer Enel in Romania is said to be a matter of hours.
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ATHEX: Index loses 15 points in one day
The Greek stock market came off Wednesday's 101-month high to see its benchmark post a notable decline that was eventually smaller than its mid-session losses on Thursday. A late stop-loss reaction that culminated during the closing auctions arrested the decline of the main index, but losing stocks outnumbered the gainers by three to one.
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Fall in gas prices reducing subsidies cost
The fall of natural gas prices and the nominal electricity rates issued by providers for February, which are 60% less expensive than those of January and quite similar to pre-crisis levels, is leading to a major easing of pressure on state coffers.
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PPC and Germany’s RWE to build five solar farms
Public Power Corporation (PPC) and Germany's RWE have taken a final investment decision to build five solar farms in northern Greece, the two companies said on Thursday.
The farms will cost €180 million and have a total capacity of about 200 megawatts (MW).
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ATHEX: Benchmark on verge of 1,000 points
The benchmark of the Greek stock market took another leap on Monday to get closer to the psychologically significant 1,000-point mark, as bank stocks led the bourse index to a new eight-year high. This first testing of the waters around 1,000 points showed the milestone may prove easier to attain than the previous one - i.e.
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Industrialists send out SOS
Greek industry has sent a distress signal to the prime minister through a letter, asking for a meeting with him and for his immediate intervention to deal with the effects of soaring energy costs.
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Major reduction in February power rates
Greece's power suppliers have announced significantly reduced electricity tariffs for February, with Public Power Corporation (PPC) saying that its rate is down 57-64% compared to January.
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Power companies announce lower tariffs for February
The country's power suppliers have announced significantly reduced electricity tariffs for February, with Public Power Corporation (PPC) saying that its rate is down 57-64% compared to January.
ATHEX: Steep drop of index from 8-year highs
The main index at Athinon Avenue came off its eight-year peak on Thursday with a significant drop that bore the marks of profit-taking, but with a significant trading volume that showed interest remains considerable in the local bourse. This was only the second session of decline for the benchmark of the local stock market since the start of the year.
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