Creditors inquire into PPC’s financial plight

The mission chiefs of Greece’s creditors, currently in Athens, asked Energy Minister Giorgos Stathakis to update them on the situation at loss-making Public Power Corporation, particularly on its abysmal performance in 2018 and the measures that will be taken to ensure the utility’s sustainability.

Stathakis tried to downplay the inspectors’ concerns, arguing that the recorded losses of more than 900 million euros are misleading with regards to the company’s future, as they are allegedly the product of coincidence, related either to external conditions or to factors that will not be repeated in the following years.

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On bill payments, the prime minister’s announcement on Tuesday for the slashing of the value-added tax rate on electricity from 13 to 6 percent is set to ease the burden on consumers and make it easier for them to pay their bills. This should also improve the utility’s cash flow and reduce the money it pays to the state for VAT from unpaid bills. The VAT cut may also become a means of indirect support to PPC’s liquidity. In the case that the corporation decides against passing the rate cut onto its customers.

When I first started my own Digital Ad Agency, I had a strong passion for marketing. But with a mediocre skill set and near-zero understanding of the industry, I failed. And like any dejected man, I just smoked, played Mortal Kombat, and browsed randomly, trying to find out ‘Why?’, or rather ‘Why me?’. That was when I came across these words in a Moz blog. “You offer SEO, Web Design, and PPC. That is the same as 100,000s of companies worldwide, who, by the looks of things, is better than you at it. What can you be the best at? What can you become known for?”

These words hit me like a ton of bricks. I could completely relate.

If there was one thing I wanted to do in my life, it was digital marketing, and if I had to survive, I had to get really good at it. At 11 PM that night, I asked my girlfriend not to call me for the next 3 months, put away my PS3, and started my research on the best PPC resources available online…, and I just read. I read like mad and tried everything I read. , To this day, I read every single article by these blogs. I realized that the day I stopped learning was the day I perish. This is so true for every Ad agency out there. Get your entire marketing team to read these blogs today! I didn’t just survive, I flourished, and I owe my existence to these PPC blogs.

Wendy Mckinney
I am a seo blogger at, a content marketer and a search engine expert. I have been writing for blogs, newspapers, and magazines since 2015 and have worked as a freelance writer. I have a BA degree in Journalism and Mass Communication.