ELTA

Greece's state assets fund has called for the resignation of the president and CEO of troubled state-owned Hellenic Post (ELTA) after the postal service reportedly incurred debts of more than 557 million euros in 2017.

The money owed to Public Power Corporation (PPC) by Hellenic Post (ELTA) has now been estimated at more than 60 million euros - much more than previously thought.

Bomb disposal experts were dispatched on Friday to a branch of Hellenic Post (ELTA) in Pyschico, near central Athens, after employees there deemed an envelope addressed to Greek President Prokopis Pavlopoulos to be suspicious, but further inspection determined it was harmless. 

According to sources, the envelope was delivered to Pavlopoulos's home in Psychico at 12.30 p.m.

Postal workers in the Greek capital have called rolling 24-hour strikes from Tuesday through Friday in protest at management decisions regarding delivery services.

New Democracy vice president Adonis Georgiadis on Thursday said that a letter bomb sent in his name to German Finance Minister Wolfgang Schaeuble on Wednesday proved that the Greek postal service (ELTA) is in "shambles."

State-owned Hellenic Post SA (ELTA) is seeking a solution to its serious liquidity problem in cooperation with the ministries of Finance and Transport, claiming to be owed a total of 200 million euros in revenues from the public service it supplies both to the public and the private sector.

Confusion reigned on Thursday in Parliament over the government's plans for the new state privatization fund, as the list of assets to go under the hammer changes so frequently that few knew what was actually included.

Hellenic Post (ELTA) announced plans to expand its business activities in the energy market.

Costis Melahrinos, chairman and chief executive of Hellenic Post, told reporters that ELTA will begin selling electric power in December.

The Hellenic Post (ELTA) released two series of collectible stamps inspired by shipwrecks and volcanoes in Greece.

The series, titled “Diving Tourism”, consists of two sets. The first one, which has circulated the previous month, features images of shipwrecks and finds.

Hellenic Post (ELTA) released on Monday a series of collectible stamps, dedicated to railway transport in Greece.

The series, titled "Greece's Railways," depicts four of the most emblematic locomotives used for about a century until the 1970's.

The images have been designed by painter-engraver Myrsini Vardopoulou.