Sunday May 24, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Amendments to PPC sell-off bill set price and secure jobs

Environment and Energy Minister Yiannis Maniatis in Parliament on Thursday.

Environment and Energy Minister Yiannis Maniatis on Thursday submitted a series of amendments to a controversial bill for the part-privatization of the Public Power Corporation – setting a minimum price and guaranteeing workers’ jobs for five years – ahead of a vote on the draft legislation that is expected to take place in Parliament next Wednesday.

The minimum price of the PPC subsidiary, which would account for about 30 percent of the utility’s production, will be 1.5 billion euros, Maniatis told Parliament, noting that the calculation was based on PPC’s assets.

One of the amendments guarantees that PPC staff will keep their jobs for at least five years. Another provision commits the new company to fully compensating residents of settlements that must be relocated due to its activities.

Another amendment notes that the spinoff company – dubbed the “small PPC” – will assume the responsibilities the utility has held to date as regards employees’ social security rights.

What remains unclear is whether any action will be taken to plug a deficit worth several hundred million euros in the PPC workers’ pension fund.

The bill is being discussed at the committee level and is to go to the House on Tuesday for debate ahead of a vote on Wednesday.

ekathimerini.com , Thursday Jul 3, 2014 (21:12)  
Protesters torch trolley bus, clash with police in Athens
Tsipras faces down radicals within SYRIZA over terms of deal
Police on standby after Roma dispute leaves one dead
Dog attacks seven people in Thessaloniki, including 13-year-old boy
Hotel contracts with a ‘Greek default clause’
After the drachma clauses seen in tourism contracts, foreign tour operators are now forcing hoteliers in Greece to sign contracts with a Greek default clause. Foreign organizers of internati...
Listed firms have whisked away most of their cash reserves
Listed companies have felt compelled to whisk their cash reserves abroad as the liquidity shortage increases uncertainty among local entrepreneurs. Kathimerini has discovered that 85 percent...
Inside Business
SOCCER
Reds add Cup to league trophy with 3-1 win over Xanthi
Olympiakos completed a league-and-cup double on Saturday by beating Xanthi 3-1 in the Greek Cup final at the Olympic Stadium of Athens, that was more balanced than the final score suggests. ...
BASKETBALL
Olympiakos strolls past Korivos Amaliadas
Olympiakos completed the Basket League’s semifinal line-up on Saturday after sweeping Korivos Amaliadas with a 2-0 score in the best-of-three quarterfinals. After winning 91-52 in Game 1 at ...
Inside Sports
ANALYSIS
Neither Grexit nor a dual currency will solve Greece’s problems
A Grexit or the introduction of a dual currency is not a solution to Greece’s problems. On the contrary, it would be a worst-case scenario for Greece in the short term. Only in the medium to...
COMMENTARY
First aid for the capital
The fact that the center of Athens exudes the stench of human waste is an undeniable truth, just like the fact that in late spring, one nostril smells blossoming bitter lemon trees while the...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Reds add Cup to league trophy with 3-1 win over Xanthi
2. Olympiakos strolls past Korivos Amaliadas
3. Protesters torch trolley bus, clash with police in Athens
4. Tsipras faces down radicals within SYRIZA over terms of deal
5. Police on standby after Roma dispute leaves one dead
6. Dog attacks seven people in Thessaloniki, including 13-year-old boy
more news
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Neither Grexit nor a dual currency will solve Greece’s problems
3. Listed firms have whisked away most of their cash reserves
4. First aid for the capital
5. Tsipras faces down radicals within SYRIZA over terms of deal
6. New civil service assessment scheme focuses on rewards instead of punishment
Today
This Week
1. The Greek-German breakthrough that didn’t come
2. Conspiracy madness
3. Greece came close to not paying IMF
4. National self-awareness put to the test
5. Albanian demarche raises concerns about possible territorial claims over Greece
6. Greek endgame nears for Tsipras as bank collateral hits buffers
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.