The federation of unions representing practically all employees of the Public Power Corp. (PPC) on Tuesday declared a strike on Oct. 19 and a protest rally against the utility’s decision to proceed with a 750-million-euro share capital increase.
With the country’s privatization agency and public assets holding company promptly announcing that they will not participate in the share capital increase, the state’s majority stake in PPC (51 percent) will drop to around 34 percent – the reason for the sharp reaction by unions and the political opposition in the country.
The strike will coincide with a general assembly of PPC shareholders.
The federation’s (GENOP) board members also announced a public awareness campaign to brief consumers and social partners, along with local governments, over the negative impact, as they claim, from the development.
On its part, the center-right government has sternly defended the decision, pointing to a successful rescue of the one-time electricity monopoly in the country, the level of funding expected from private investors and the fact that the state will still remain PPC’s management.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards
