BUSINESS

PPC hires consortium to put pressure on debtors

TAGS: Energy

Public Power Corporation is hiring a consortium of eight companies to tackle mounting unpaid bills, while also raising the penalty for clients who delay payment to 7.25 percent.

A task force of around 30 people from Fina City Corporation will start working on detailed plans for debt collection as unpaid bills currently add up to 2.4 billion euros.

The company will also slap a 6 percent penalty on bills that go unpaid by state entities, implementing a law that was introduced in 2013 but has not been enforced.

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