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Tag Archives: cost

Poll: Price hikes cause of concern, ND-SYRIZA difference drops to 10.5%, no technocrats gov’t

Difference between ruling conservative New Democracy and main opposition party left-wing SYRIZA has decreased to 10.5% in the preference of potential voters as the high energy cost and the price hikes are a reason of concern for 47% of the Greeks. At the same time, Greeks seem to turn down …

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Lockdown costs Greek economy as much as €3bln per month, says finMin

Greek Finance Minister Christos Staikouras said on Tuesday, said a nationwide lockdown in the country as a result of the Covid-19 pandemic translates into losses of three billion euros on a monthly basis, whereas the losses are currently calculated at 2.7 billion euros monthly. Specifically, he said that for every …

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Athens airport to offer COVID-19 test to travellers and staff

The Athens International Airport (AIA) has announced that it will offer coronavirus (Covid-19) testing, upon request, to the arriving or departing travellers and Athens airport staff as of Wednesday, August 5, 2020. The initiative will be carried out in cooperation with the Athens Medical Center and with the aim to deal effectively …

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Cost of electricity in Greece the highest among EU’s 27

Greece had the highest average cost of electricity among the 27 member-states of the European Union in the first quarter of 2020, a report by the European Commission published on Thursday has shown. The Greek electricity wholesale rate, which is also used to determine the retail rate, stood at 50 …

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Coast Guard to fine water sports lovers who ignore weather warningss

Bold water sports lovers who ignore bad weather warnings will not only be fined but will also come up for the cost of their rescue by the Greek Coast Guard. In a statement the Greek Coast Guard said on Thursday that it activates a law of 2002 about relevant issues. …

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€12,000 for a Cake? Angry Greeks force Minister to pay from own pocket

Agriculture Minister Makis Voridis had to follow the tradition and cut the New Year’s Cake for the ministry’s personnel. He ordered a Vasilopita and posted its cost on the government website for ministries expenses: proud 12,000 euros. A former deputy agriculture minister of SYRIZA denounced the expense saying that she …

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Greece to upgrade F-16 and Mirage-2000 at a cost of half a billion euros

The Ministry of National Defense has submitted a bill to the Parliament including among others the upgrade of fighter jest F-16 and the Follow-On Support/FOS of Mirage-2000. The total cost exceeds half a billion euros. The draft law envisages enhancing the operational performance and dynamics of F-16 aircraft as proposed …

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First cremation facility in Greece opens in Ritsona, East Attica

A historic moment for Greece: the first cremation facility in Greece has started its operation a couple of days ago in East Attica, 75 km away from Greek capital Athens. The facility is private. Board member of the Ritsona Incinerator and president of the Greek Cremation Society, Antonis Alakiotis, said …

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Weather damages in Crete’s infrastructure may exceed €100mn (videos)

The video shot by a drone shows the damages and the floods in Chania Prefecture caused by barometric low Okeanis that stroke the West past of Crete with powerful rainfalls. It is mostly the infrastructure on the island that suffered immense destruction due to landslides and soil erosion. The road …

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New Heraklio Airport on Crete to cost €1.5bn, create 1,500 jobs

Indian infrastructure company GMR Airports Limited, along with its Greek partner Terna Group, will develop the new international airport of Heraklion in Kastelli, Crete, after Greek Transportation & Infrastructure Minister Christsos Spirtzis signed the concession agreement. On Friday, the minister and the consortium signed a concession agreement for design, construction, …

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Lime Scooters make their debut in Athens, available to locals & tourists

Electric Lime Scooters made their debut in Athens this week offering a quick, easy, economical and environment friendly alternative to locals and visitors of the Greek capital. Speaking to the Athens-Macedonian News Agency (ANA) on Wednesday, the company’s managing director Nikolas Hatzidakis said the hired electric scooters will be an …

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Upgrade of 85 Greek F-16 to Viper starts, 1.1bn project

Τhe upgrading program for 85 F-16 fighter jets with the Block 70/72 Viper system will be formally launched on Monday, Lockheed Martin’s VP Business Development Initiatives in Europe Dennis Plessas said at a press conference in Thessaloniki. Revealing the time table of the upgrade, Plessas said that ” a great …

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Greece’s once biggest private MEGA TV to stop broadcasting in 15 days

After 28 years in operation, Greece’s once biggest private television channel MEGA TV will be removed from the signal network. This was announced by Minister for Digital Policy and Media Nikos Pappas on Wednesday, after the new TV license holders were anno0unced. Asked by reported on if Mega TV will …

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Three Greek motorways cost €1.2billion more than they should, EU Auditors report

Construction of three motorways in Greece cost 1.2 billion euros more than it should. Furthermore the projects were poorly planned and significantly delayed, a report by the European Court of Auditors on public-private partnerships (PPPs) has found. The EU Auditors examined construction projects in four EU member states, that is …

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