December 1, 2022
Economy
The Athens Tax Office on Wednesday confirmed that electricity producers owe 367,067,027.54 euros in total for the extraordinary levy of 90%, based on the increase of their gross profit margin for the period October 2021-June 2022. This amount, as stated by Finance Minister Christos Staikouras, is payable until December 30, …
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November 3, 2022
Greece, Politics
At the Berlin Process Summit in Berlin, Prime Minister Kyriakos Mitsotakis is expected to highlight Greece’s leading role, not only as a pillar of stability and security in the region, but also as a key force for energy security and the diversification of energy sources in the Balkans and Southeast …
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November 1, 2022
Economy
Government officials are busy working out the plan for reducing energy consumption by 5%, which is to become mandatory for industries from December 1, 2022 to March 31, 2023. The first draft, presented last week by the Energy Ministry and Independent Power Transmission Operator (ADMIE) to representatives of industrial companies, …
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October 20, 2022
Economy
Greece has submitted a proposal for the construction of a direct electricity interconnection with Austria and Germany, with an initial capacity of 3.0 gigawatts, Environment and Energy Minister Kostas Skrekas revealed at the Renewable and Storage Forum on Thursday. “It is not an easy project but there is great need …
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October 20, 2022
Politics, Turkey-GR
US State Department expressed on Wednesday the opposition of the United States to the agreement announced by Turkish President Recep Tayyip Erdogan for the creation of a natural gas hub in cooperation with Russia. “We have worked closely with our allies and partners to impose severe and unprecedented costs on …
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October 9, 2022
Economy, FEATURED
Retail stores in Thessaloniki are proceeding with the cutting of operation hours in order to save energy and operational cost, even though this is a local initiative and not implemented across the country. The energy saving operation starts on Monday, October 10, 2022. The measure is not mandatory and retailers …
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October 3, 2022
FEATURED, Politics, Turkey-GR
Libya’s Tripoli government signed a preliminary deal on energy exploration on Monday, prompting Greece and Egypt to say they would oppose any activity in disputed areas of the eastern Mediterranean. Libya’s eastern-based parliament, which backs an alternative administration, also rejected the deal. Speaking at a ceremony in Tripoli, Turkish Foreign …
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September 28, 2022
Economy
Τhe European Commission should set up an 80-billion-euro fund to deal with the fallout from high natural gas prices, proposed Environment and Energy Minister Kostas Skrekas to EU officials on Tuesday. Skrekas made the proposal ahead of the Ministers of Energy Emergency Council on Friday, in a letter to Executive …
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September 14, 2022
Economy, Uncategorized
The EU plans a “deep and comprehensive reform of the electricity market” to cope with an energy crisis spurred by Russia’s war in Ukraine, European Commission chief Ursula von der Leyen said Wednesday. The measures include a cap on electricity producers’ profits that would raise 140 billion euros ($140 billion) …
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September 13, 2022
Economy
The exterior lighting of the Parliament building in central Athens will not be switched on at night as part of the national effort to save energy. By decision of Parliament Speaker Kostas Tasoulas, the lighting on the front and sides of the building will be discontinued, while only the perimeter …
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September 12, 2022
Economy, FEATURED
Two days after Prime Minister Kyriakos Mitsotakis announced at the International Fair of Thessaloniki a series of support measures for the society and some professional sectors amid the energy crisis, Finance Minister Christos Staikouras specified the measures on Monday morning. Top on the agenda of government support and the society …
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September 4, 2022
Economy, FEATURED
Development Minister Adonis Georgiadis urged Greeks to seek alternative ways for heating, warning that the upcoming winter will be worse than the one in 1942, when the country suffered famine due to occupation by the German Nazis in WWII. Heating oil is currently 6 times cheaper than natural gas. the …
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August 4, 2022
Economy
Finance Minister Christos Staikouras announced on Thursday he will present a supplementary budget to cover the cost of additional aid for households and businesses hit by high energy costs. Speaking to state boradcaster ERT, the finance minister cited “satisfactory” fiscal data. Staikouras said the performance of tourism and revenues from …
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August 1, 2022
Economy, FEATURED
Greece’s government is getting ready for the worst energy scenario and plans to cut on natural gas consumption with darker streets and historical monuments as well as with rolling power outages for the households. This was announced by both the Energy minister Kostas Skrekas and deputy Finance minister Thodoros Skylakakis …
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July 15, 2022
Economy
The government has agreed to double the production of electricity using lignite coal as part of a four-point plan to ensure an adequate supply of energy at affordable prices. The plan was agreed at an emergency meeting on the energy crisis caired by Prime Minister Kyriakos Mitsotakis on Thursday. At …
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June 9, 2022
Economy, FEATURED
With incentives like increased funding to public buildings Greece’s government presented a plan aiming to reduce energy consumption. The plan called “Operation Thermostat” sets the guidelines for the energy consumption reduction and offers incentives in cash to state entities that cut back on energy use. Environment and Energy Minister Kostas …
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June 8, 2022
Opinion
Constantly soaring electricity and fuel prices, a double-digit inflation in the last few months (expected to be at 12% in May) Greek households and businesses are desperate. But what does the conservative government to get the situation under control, except distributing bags with peanuts in form of subsidies? Not much… …
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May 17, 2022
FEATURED, Greece, Politics
Prime Minister Kyriakos Mitsotakis confirmed that Greece is eyeing the purchase of advanced US-built F-35 fighter jets and that a leading American defense contractor is seeking to invest in the country’s aerospace industry. “We will launch the process for the acquisition of a squadron of F-35 aircraft, and we do …
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May 10, 2022
Economy, FEATURED
The European Commission has prepared an emergency plan for the case of an energy blackout. According to Spanish daily El Pais the Commission intends to present the plan on May 18. The plan contains several actions to be taken by EU member states for the worst case scenario in which …
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May 4, 2022
Economy, Greece, Politics
Alerted by the citizens’ anger over the energy prices and the increasing cost of living the conservative government is promising to come up with a new national support plan for the benefit of households and businesses. The plan is expected to be implemented in June. The national plan will be …
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