|Bid||0.00 x 100000|
|Ask||2.86 x 150000|
|Day's Range||2.85 - 2.89|
|52 Week Range||1.75 - 4.73|
|PE Ratio (TTM)||9.83|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Greek government submitted a bill to parliament on Wednesday opening the way for the country's dominant power utility PPC to begin selling coal-fired plants in May, a move strongly opposed by workers who have threatened strikes in protest. Athens has agreed with its foreign creditors that Public Power Corp. (PPC) (DEHr.AT), which is 51 percent state-owned, will sell plants equal to about 40 percent of its coal-fired capacity this year. Greece, which is implementing reforms in exchange for loans from the European Union, will divest the capacity to comply with a European court ruling which said that PPC had abused its dominant position in the coal market.
Greek Prime Minister Alexis Tsipras urged French businesses on Friday to invest in Greece, as it emerges from its debt crisis, and assured them that they would not regret it. Tsipras said attracting investment was a priority for his leftist-led government, which aims to reduce the jobless rate, the euro zone's highest, and make Greece financially independent in 2018, when the country's third international bailout expires. "Greece is an opportunity... a real opportunity," Tsipras told French business leaders accompanying French President Emmanual Macron on a two-day trip to Athens.
Greece aims to raise a total of 6 billion euros ($6.83 billion)from privatisations by 2018, the head of its privatisations agency (HRADF) said on Thursday, making up for a revenue shortfall last year and hoping to overperform its latest bailout target. Privatisations have been a major part of Greece's three international bailouts since 2010, but political resistance and red tape have hurt revenues. Athens has raised just 4.4 billion euros so far and has repeatedly revised targets downwards.
Promising to cut pensions and give taxpayers fewer breaks, Greece has paved the way for the disbursement of further rescue funds from international lenders and possibly opened the door to reworking its ...
Greece has agreed to sell coal-fired plants and coal mines equal to about 40 percent of its dominant power utility Public Power Corp's coal-fired capacity, to help open up its electricity market, the energy ministry said on Tuesday. Under the rescue deal signed up in 2015, the third since 2010, Greece has agreed to cut the dominance of its state-owned Public Power Corp in the retail market to below 50 percent by 2019 from about 90 percent now. Last year Greece launched power sales to smaller power producers to help cut Public Power Corp's share.