Hellenic Post to pay PPC 6.6 million euros by week’s end, sources say

Hellenic Post (ELTA) will repay a significant portion of its debts to the state-run power utility PPC by the end of this week. According to sources, the amount of 6.6 million euros is to be transferred to PPC’s coffers by ELTA’s management.

The announcement was made in the wake of questions tabled in Parliament on Wednesday about alleged delays in payments to the power utility of money ELTA had collected on its behalf from customers paying their electricity bills at the post office. According to Serres MP Fotini Arabatzi, several customers risked losing a 15 pct prompt-payment discount or having their debt settlement with PPC voided, despite having paid their bills on time. The MP also reported ELTA delays in payments to large telecoms company.

Sources said the sum to be paid by ELTA to PPC originates from sums owed by the Greek state to ELTA for distributing the press within Greece from November 1, 2013 until August 9, 2015. The money was raised by the General Secretariat for Information and Communication, which belongs to the digital policy, telecommunications and media ministry.