Overview
- State postal operator ELTA shut 204 of its 456 branches on Monday after a Friday announcement, including 40 in Attica and many in the provinces and islands.
- Finance Minister Kyriakos Pierrakakis approved the closures under the HCAP holding structure and described them as difficult but necessary.
- ELTA reported €249 million in revenue and an €8.4 million loss in 2024 with negative equity near €140.1 million, while the shuttered sites accounted for about €150,000 of last year’s deficit.
- Local officials and opposition parties, joined by some New Democracy lawmakers, pressed for oversight that led to a special parliamentary finance committee meeting on Tuesday.
- Employees and unions say staff received last-minute transfer notices and some temporary workers lost jobs, warning of weakened access to essential services in small towns and on islands.