MacroPolis

Against backdrop of growing energy challenges, PPC capital raise stirs reaction

Although Prime Minister Kyriakos Mitsotakis and his aides have been meeting with investors in New York, the headlines in Friday’s newspapers were dominated by the news that the state-controlled Public Power Corporation (PPC) is launching a capital raise that will lead to the country’s main electricity supplier becoming majority-owned by the private sector.

Short-term fix for electricity bills leaves open questions for green transition strategy

By: Georgia Nakou

Greek households are being warned about the possibility of steep hikes in their electricity bills this winter, as the government scrambles to cushion the effects of inflation across a range of basic goods.

PPC returns to profitability in 2020, posting net income of 35.2 mln

Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), posted a 2020 net profit of 35.1 million euros, following a loss of 1.69 billion euros a year earlier.

PPC net results reflect loss of 1.69 billion in 2019

Greece’s largest power company, the majority state-owned Public Power Corporation’s (PPC) full year results for 2019 revealed that revenue rose by 4 percent during the year.

PPC posts net loss of 353.2 mln in 9M as energy mix charges hit

Greece’s majority state-owned Public Power Corporation’s (PPC) nine-month (9M) results showed that turnover rose by 3.4 percent year-on-year (YoY).

PM aims to maintain pace of economic reforms as public worries about migration

The tax bill submitted to Parliament this week, the pension bill due in the coming days and the draft legislation for the overhaul of the Public Power Corporation (PPC) topped the agenda of Thursday’s cabinet meeting, where Prime Minister Kyriakos Mitsotakis urged his ministers to keep up the pace set since New Democracy came to power in July.

Second day of review yields progress, work needed on fiscal front

The Greek authorities and the heads of the institutions completed the second day of talks in Athens that left fiscal issues for 2020 still open, although it was not anticipated that the matter would have been settled on this trip, ahead of the draft budget that is due to be tabled to Parliament on October 7.

Hatzidakis details plans for PPC, puts forward new CEO

Ahead of the summer parliamentary recess, the government is moving forward with its plans to rescue Greece’s struggling public utility, the Public Power Company (PPC).

Hatzidakis announces strategy for partial privatisation of PPC

The government has announced its plans for rescuing the state power corporation, the Public Power Corporation (PPC) and save it from collapse.

Mitsotakis promises 'new normality,' lines up tax cuts straight away

Prime Minister Kyriakos Mitsotakis has set out his government’s priorities for the next four years, including the broad aim of establishing a new, post-crisis reality in Greece, but also with extensive reference to specific measures, with tax cuts leading the way.