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Athens News Agency: News in English, 10-08-27

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Local administration a political challenge
  • [02] PPC profits slide

  • [01] Local administration a political challenge

    ANA-MPA/Main opposition New Democracy party leader Antonis Samaras emphasised the political challenge posed by the local administration elections, addressing the first session of the party's Executive Secretariat on Thursday.

    Samaras linked the elections on local administration to the strategy against the memorandum and its consequences for the economy and society. Under the present conditions, that are "crisis conditions" the political element dominates that of local administration.

    Her described his strategy, saying that "ND will begin to build a big majority coalition of forces that rejects the deadlocks of the memorandum and supports the alternative prospect."

    Samaras also predicted that "new extraordinary measures are almost unavoidable" and reiterated that ND had proposed in time a different mixture of economic policy that places emphasis on handling recession phenomena.

    [02] PPC profits slide

    State-run Public Power Corp. (PPC), a heavily traded share on the Athens Stock Exchange, on Thursday announced after-tax profits of 345.5 million euros for the first half of 2010, down from 475.2 million euros in the corresponding period of 2009, a decrease of 26.8 percent.

    Higher fuel prices and continued imports of electricity were blamed by PPC's board for the slide in profitability.

    Pre-tax profits stood at 463.6 million euros, down from 636.3 million in the first half of 2009, while turnover fell to 2.894 billion euros from 2.990 billion, a slight decrease of 3.2 percent.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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