Business Briefs

-- Greece’s energy sector watchdog on Wednesday announced a 900,000-euro fine against Public Power Corp. (PPC) for breaching its obligations as a distribution network manager, with the former charging that PPC raised hurdles in competition in the domestic electricity market.

-- ATEbank on Wednesday announced a short-list of seven candidates in a tender to sell its majority equity stake in SEKAP SA.

-- Foreign investors barely raised their participation in the capitalisation of the Athens Stock Exchange in August to 50.2 pct, from 50.0 pct in July, while Greek investors slightly cut their exposure in the market to 48.5 pct from 48.6 pct over the same period, respectively, official figures showed on Wednesday.

-- Supermarket groups are boosting their assets worldwide even when they are reporting lower earnings, a trend which also prevailed in Greece in 2010, a report by Icap Group for ANA-MPA showed on Wednesday.

-- Greece’s mobile telephony industry continued its downward trend in 2010, hit by an economic crisis, complex legislation regarding licensing and heavy tax burdens, a report by Icap in cooperation with the Athens Economics University, stated on Wednesday.

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