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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October 26, 2021
Economy, FEATURED
European Union countries failed to agree on a bloc-wide response to surging energy prices in an emergency meeting of government ministers on Tuesday, with some countries seeking a regulatory overhaul and others firmly opposed. European gas prices have hit record highs this autumn and remain at lofty levels, prompting most …
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October 21, 2021
Economy, FEATURED
Greece is proposing to European Union to import natural gas or electricity from North Africa as alternative to the energy crisis. At door steps comments ahead of the European Council meeting on Thursday, prime minister Kyriakos Mitsotakis said that he would brief his counterparts on developments in the Eastern Mediterranean …
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October 19, 2021
FEATURED, Greece, Politics
Prime Minister Kyriakos Mitsotakis on Tuesday called the trilateral cooperation scheme established by Greece, Cyprus and Egypt “a beacon of stability in the Eastern Mediterranean,” in joint statements with Cyprus President Nicos Anastasiades and Egypt’s President Abdel Fattah Al Sisi after the 9th Trilateral Summit held in Athens. He said …
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October 8, 2021
Economy, FEATURED
The Greek government announced on Friday a package of additional funds to ease the financial burden on households and protect them from further increases in electricity and natural gas prices. The package includes measures such as doubling the amount of subsidy for electric power, additional reductions for households also in …
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September 22, 2021
Economy
Almost 3 million European Union workers can’t afford to heat their homes amid a rise in energy prices, according to a labor organization’s study released Wednesday. The European Trade Union Confederation, which represents 45 million members, said that 15% of the EU’s working poor – the equivalent of 2,713,578 people …
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August 24, 2020
Economy
Prime Minister Kyriakos Mitsotakis and his Bulgarian counterpart Boyko Borissov attended on Monday the signing ceremony for the participation of Bulgartransgaz to the liquefied gas terminal project in Alexandroupolis, northern Greece. The cooperation contract was signed by Bulgartransgaz EAD CEO Vladimir Malinov and Asimina-Eleni Kopeluzu, who is a major shareholder …
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