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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April 27, 2022
Economy
Greek Prime Minister Kyriakos Mitsotakis has called an emergency meeting with ministers in charge on Wednesday after Russian energy giant Gazprom halted natural gas supplies to Poland and Bulgaria. Goal of the meeting is to discuss the sufficiency of natural gas in the country and the impact of the Russian …
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April 22, 2022
Society, Very Mix
The online platform where people can apply to receive the subsidy for fuel, which will range between 40-55 euros, is to open on the Tuesday after Easter, on April 26. Applications will initially be staggered based on the tax identification number (AFM), opening on April 26 for tax IDs ending …
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April 19, 2022
Greece, Politics
“Ensuring that there is adequate energy for the country, as well as lower energy prices, are top priorities for the government,” Prime Minister Kyriakos Mitsotakis said on Tuesday during his visit to the Liquified Natural Gas (LNG) Terminal facilities on the island of Revithoussa. “We are striving to achieve as …
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April 1, 2022
Economy, FEATURED
The majority of workers in Greece has cut on basic food products and heating, while 3 in 10 declare insecurity to maintain their job, a survey conducted by Alco on behalf of the General confederation of Greek Labor (GSEE) and the Labor Institute has found. Solution to the current economic …
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March 23, 2022
Economy
Prime Minister Kyriakos Mitsotakis said on Wednesday that majority of the excess profit of energy companies will be taxed and so that they will contribute to address the losses sustained by the citizens during the energy crisis. Speaking at the Parliament the Prime Minister said that energy companies will be …
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March 11, 2022
FEATURED, Greece, Politics
“The market is now a victim of speculation. After my proposal was announced, the price dropped by 50%,” Prime Minister Kyriakos Mitsotakis said on Friday referring to his proposal for a cap on the wholesale price of natural gas. ” We also asked the Commission to make proposals for distortions …
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March 8, 2022
Economy, FEATURED
Fuel prices climbed over 2 euros per liter on Tuesday as desperate Greeks incl those belonging to the middle-class hold their breath before opening the electricity or natural gas bills. Despite some price de-escalation in the electricity wholesale market the price remain exorbitantly high for the average consumer. Significant de-escalation …
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February 17, 2022
Economy, FEATURED
Reducing the rates of Value Added Tax or Special Consumption Tax on fuels will not necessarily lead to lower prices for consumers, Development and Investments Minister Adonis Georgiadis said on Thursday. Speaking to public radio ERT 1 public radio station Georgiadis said “if you lower VAT, it does not mean …
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February 15, 2022
FEATURED, Greece, Politics
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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February 11, 2022
Economy, FEATURED
“Turn off the lights and the water boiler, then it costs to the pocket.” Greece’ Energy Minister Kostas Skrekas needed almost half a year of soaring electricity prices to come up with this genius proposal to the Greeks who are puzzled about their power bills and have no idea how …
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February 9, 2022
FEATURED, Social, Society
Greece’s Environment and Energy Minister Kostas Skrekas announced on Wednesday the subsidies for electricity and natural gas that will apply in February for households and enterprises. The subsidy for electricity will be 39 euros per MWh for households, that is 3 euros less than in January. The subsidy for enterprises …
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January 7, 2022
Economy, FEATURED
Greece will extend financial relief to help households and businesses deal with surging energy prices into January at a cost of about 400 million euros, Prime Minister Kyriakos Mitsotakis said on Friday. “For another month the government will support households, farmers and businesses in the face of the global energy …
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