Tuesday Jul 22, 2014 Search
Weather | Athens
29o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Power cuts in Greece amid anti-privatization strike

Greece faced nationwide power cuts on Thursday as a rolling strike began against government plans to break up the country's main electricity provider.

State power distribution operator DEDDIE said one-hour cuts would be imposed from midday in various parts of the mainland as 13 production plants of the Public Power Corporation went offline.

PPC unionists have announced rolling 48-hour strikes against plans to break up the company by 2015 under privatization efforts linked to the country's economic rescue.

The liberalization of Greece's energy market, which has been dominated by state-controlled PPC for decades, is a key requirement for continued loan support from the country's international creditors, the European Union and International Monetary Fund.

The new, scaled-down private company would control a 30-per cent share of PPC's extensive production resources including lignite mines and hydroelectric, natural gas and lignite-fired electricity generation plants.

The Greek state has also pledged to divest 17 per cent of PPC shares by the end of 2015 from its portfolio of over 51 per cent. Pension funds hold another 3.8 percent.[AFP]

ekathimerini.com , Thursday Jul 3, 2014 (13:44)  
Old Attica train tracks to be transformed into bicycle lane network
Attica hospital workers to hold five-hour walkout on Wednesday
PM congratulates police over Maziotis arrest
Ministry approves 1.3 million euros for animal shelters
Consumer confidence in Greece improves in Q2
Consumer confidence in Greece improved by two index points in the second quarter of 2014 compared to the same period last year, reaching 55 points, though still significantly below the globa...
Greek sovereign debt at 174.1 percent of GDP in first quarter
BRUSSELS - Eurozone public debt rose to 93.9 percent of economic output in the first quarter of this year, approaching the peak it is expected to reach later in 2014, official data showed on...
Inside Business
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Unequal after death
The dead are dead and the slain are slain, whether they are Malaysian, Dutch, Palestinian or Israeli, whether they are the innocent victims of a civilian plane that is shot down (we still do...
EDITORIAL
Chinese investment
The relationship between Greece and China has become one of major strategic importance. Beijing threw its support behind Athens during a period when the country was going through particularl...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Athens, the Marathon capital of the world for good
2. Old Attica train tracks to be transformed into bicycle lane network
3. Attica hospital workers to hold five-hour walkout on Wednesday
4. PM congratulates police over Maziotis arrest
5. Consumer confidence in Greece improves in Q2
6. Greek sovereign debt at 174.1 percent of GDP in first quarter
more news
Today
This Week
1. Unequal after death
2. Chinese investment
3. Greeks getting better at recycling, though still Europe's laggards
4. Piraeus prosecutor investigating use of funds for building renovation
5. Shares in Greek renewable energy firm drop in trade debut
6. Greek sovereign debt at 174.1 percent of GDP in first quarter
Today
This Week
1. China and Greece agree to further cooperation in transportation, infrastructure
2. Ex-Credit Suisse banker taps lesson for Greek rebound
3. The cost of excellence
4. Pay-TV booms as cash-strapped Greeks shun depressing news shows
5. Greece seen in third bailout as bonds not enough, economists say
6. Summer storms cause problems in Thessaloniki, spread across the country
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.