Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o 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)  
Reforms to dominate Greek talks in Paris, debt relief talks later, says source
Trial over 2013 murder of pawn merchant starts in Athens
Rain and storms with hail expected in many parts of Greece
Education minister calls for probe into predecessors reform plan
Greece needs private debt overhaul, Piraeus Bank CEO says
Greeces economy wont return to growth unless debt of companies and individuals is restructured, said Piraeus Bank (TPEIR) SA Chief Executive Officer Anthimos Thomopoulos, a sign the countr...
Cheap energy pulls down eurozone producer prices in July
BRUSSELS - A drop in highly volatile energy prices depressed eurozone producer prices in July as expected, underlining disinflationary pressures in the single currency area ahead of the Euro...
Inside Business
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
SOCCER
Unlikely pair on the Super League summit
Veria and Atromitos are sitting pretty at the top of the Super League after the second round of games thanks to their away wins that made them the only clubs to have six points, as champion ...
Inside Sports
COMMENTARY
Politicized archaeology
Let us suppose that archaeologists discover that the tomb uncovered in Amphipolis was not the resting place of Roxana or Nearchos, but of Alexander the Great. Let us assume, that is, that ar...
EDITORIAL
Moderating expectations
Politics is, to a great extent, all about managing expectations, and anyone who raises that bar too high or too fast is at serious risk of disappointing and losing the peoples favor. In a c...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greece needs private debt overhaul, Piraeus Bank CEO says
2. Cheap energy pulls down eurozone producer prices in July
3. Greece sells 1.14 bln euros of 6-month T-bills, yield eases
4. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
5. Greece defender Papadopoulos fires parting shot at Michel
6. Unlikely pair on the Super League summit
more news
Today
This Week
1. Politicized archaeology
2. Rain and storms with hail expected in many parts of Greece
3. Moderating expectations
4. New committee formed to assess progress of deregulation in closed-shop professions
5. Trial over 2013 murder of pawn merchant starts in Athens
6. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.