Public Power Corporation SA, Greece’s biggest electricity producer, posted a first-half net income of 18.3 million euros.
This compared with a 128.8-million-euro profit in the same period a year earlier, the company said in an Athens bourse filing on Thursday. This constitutes an 86 percent decline year-on-year. The energy giant has 466 million euros of long-term debt to repay in the second half of the year.
It had available credit lines of 433 million euros as of June 30 and cash deposits stood at 226.8 million euros, according to a presentation posted on the Athens-based company’s website. [Bloomberg]
A bomb went of on the street where the Greek embassy in Tripoli, Libya, is located but the building was not damaged and there were no injuries, the Foreign Ministry said on Saturday.
"This l...
Any Chinese person investing more than 250,000 euros in real estate in Greece will be given a five-year residence permit without having to fulfill any other criteria, Prime Minister Antonis ...
The start of the Super League playoffs for Greece’s second spot in next season’s Champions League has complicated things, as the teams that started as underdogs beat the favorites at home on...
AEK Athens said on Tuesday it was preparing to declare bankruptcy and seek relegation to the third division.
AEK was relegated from the Super League for the first time in its 89-year history...
The gradual arrival of summer usually brings a sense of well-being and this year it seems to confirm the belief that Greeks are beginning to change their stance toward their new state of bei...
The events that unfolded in Parliament on Friday, when a Golden Dawn deputy was ejected for hurling insults at his peers, should be a cause for serious concern regarding the direction that t...
