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First medical cannabis plant inaugurated in Greece

Greece’s first-ever pharmaceutical cannabis production plant was inaugurated at Examilia, in Corinth, on Thursday. The investment by Tikun Europe, subsidiary of Israel-based Tikun Olam, exceeded 40 million euros in a privately owned area of 6 hectares (60 stremmas), which includes an area of 21,000 sq.m. with state-of-the-art hybrid greenhouses, as …

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Greece’s power rates among Europe’s highest

Greece remained among the most expensive wholesale electricity markets in Europe in 2022, a year when the average price of electricity increased by 141% compared to 2021. In the same year, the cost of natural gas imports more than doubled compared to 2021, while it almost quintupled compared to 2018. …

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Wiretapping scandal: Tsipras tables censure motion against government

Main opposition SYRIZA-Progressive Alliance leader Alexis Tsipras tabled a motion of censure against the conservative government of Kyriakos Mitsotakis on Wednesday afternoon. Tsipras tabled the motion “in defense of democracy, transparency and justice” one day after he received an official response regarding the confirmed wiretapping of six people – politicians …

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Weather warning sent to residents of Zakynthos, Achaia

Residents on the island of Zakynthos in the Ionian Sea and the Achaia prefecture in western Peloponnese were alerted of upcoming dangerous weather phenomena with an emergency warning sms via <112>. The message urged them to minimize travel and take protective measures due to strong rain and gale-force winds. The …

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High expectations natural gas off Crete could cover EU needs

Positive messages from ExxonMobil for an important natural gas field in Crete. Energy Minister says “there are expectations that it will cover the gap of Russian gas for 10 years in the European Union.” Environment and Energy Minister Kostas Skrekas spoke of “high expectations” from hydrocarbon exploration in the maritime …

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EMY Warning: New bad weather front to hit Greece

Greece’s National Meteorological Service EMY updated its previous emergency bulletin warning of further weather deterioration in the upcoming days. EMY warns of “successive waves of bad weather” that will affect the country from Tuesday to Saturday, January 24-27, 2023. Main features of the bad weather are forecast to be heavy …

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Hellenic Aerospace Industry seeks strategic investor

Greece’s Development and Investment Ministry on Monday launched procedures to find a strategic investor to participate in Hellenic Aerospace Industry SA with an equity stake of up to 49%. The ministry launched an invitation to the largest aerospace industries in the NATO alliance to express interest in the procedures by …

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Significant reduction in power bills coming in February

Significant reductions in electricity bills for household consumers in February were announced by the Public Power Corporation (PPC) and other power providers on Saturday. In the announcement, it was noted that the final consumer price depends on the amount of the electricity consumption subsidy announced every month by the Ministry …

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