December 2, 2022
Economy
The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. After a last-minute flurry of negotiations, …
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November 24, 2022
Economy, FEATURED
“A cap at 275 euros is not in essence a cap,” Greece’s Environment and Energy Minister Kostas Skrekas said on Thursday. Arriving at the Council of Ministers meeting in Brussels, he pointed out that a gas price ceiling between “150 euros and 200 euros is a realistic ceiling.” Stressing that …
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November 18, 2022
Economy, FEATURED
Greece has outdone other European Union countries for the percentage of businesses that reported some kind of innovation activity between 2018 and 2020, achieving first place with a rate of 73%, according to a graph published the European Statistics authority Eurostat on Friday. According to a Eurostat tweet, the EU …
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October 27, 2022
FEATURED
Energy Minister Kostas Skrekas issued a recommendation for citizens to reduce electricity consumption by 5% as Greece is obliged to do according to EU member-states agreement. “Greece in the coming months has a goal to reduce energy consumption during peak hours by at least 5%. So the effort of all …
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October 17, 2022
Greece, Politics
Greece’s Migration and Asylum Minister Notis Mitarakis said on Monday that he will inform the United Nations on the issue of 92 naked migrants collected at the Evros river, the natural border with Turkey on Friday. He once again accused Turkey of mistreating migrants. Speaking to Skai TV, Mitarakis said …
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October 15, 2022
FEATURED, Society, Very Mix
Justice in Greece keeps moving at a snail’s pace and Greek courts are by far the slowest in the EU in disposing of even uncomplicated cases Despite all the promises of reform and the solemn declarations of successive officials that justice delayed is justice denied, that is exactly what’s happening …
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October 11, 2022
Politics, Turkey-GR
The European Union has strategic interest in having a stable and secure environment in the Eastern Mediterranean and in developing cooperation and a mutually beneficial relationship with Turkey, the draft report of the European Commission on enlargement states. According to the report seen by Greek state-run news agency amna, it …
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October 7, 2022
FEATURED, Politics, Turkey-GR
Frosty atmosphere between Turkish President Recep Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis at the European Political Community summit in Prague, where the two leaders did not even exchanged a glance when they headed to the group photo opportunity. Once again Erdogan verbally attacked Greece accusing it of creating …
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October 7, 2022
FEATURED, Greece, Politics
Greece main opposition leader Alexis Tsipras has urged the European Union to prepare a package of sanctions against Turkey over its escalating challenges to Greek sovereignty. The interventions of the leader of left-wing SYRIZA came on the sidelines of the Eurosocialist Summit PES in Prague. Tsipras called on the EU …
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October 6, 2022
Greece, Politics
Greek Prime Minister Kyriakos Mitsotakis called for deeper cooperation against human smugglers after two tragic shipwrecks with 30 dead migrants in the Aegean Sea on Wednesday. Arriving at the European Political Community summit in Prague and in a statement at the doorstep, Mitsotakis expressed his deep sorrow for the loss …
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October 3, 2022
Economy
Prime Minister Kyriakos Mitsotakis repeated a call for European action to cap gas prices in an article published by Bloomberg on Monday, in which he accused Russia of having “weaponized energy”. While such a cap carried risks, he said, Europe must “take back control of its gas market and cannot …
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September 30, 2022
Economy, FEATURED
EU Energy Ministers reached a political agreement on measures to mitigate high electricity prices: mandatory electricity reduction at 5% in peak hours, cap on market revenues from inframarginal electricity producers and solidarity contribution from fossil fuels producers, the Czech Republic that is currently holding the rotating EU Presidency said in …
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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 5, 2022
Economy
European Union countries’ energy ministers will discuss options to rein in soaring energy prices including gas price caps and emergency credit lines for energy market participants, a document seen by Reuters showed. EU ministers will meet on September 9 to discuss urgent bloc-wide measures to respond to a surge in …
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September 5, 2022
Greece, Politics
Greece’s Foreign Minister Nikos Dendias will send letters to all members of the UN Security Council and to the UN Secretary General, as well as the secretary general of NATO, in the wake of the unprecedented statements made by Turkish officials’ in recent days. The statements made by the Turkish …
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August 10, 2022
Economy
The European Commission will not prolong the enhanced surveillance of Greece once it expires on 20 August, it said on Wednesday. In a statement, the Commission said that “following exchanges with the Greek authorities, including at the Eurogroup meeting of June 16, the Commission acknowledges that Greece has delivered on …
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August 9, 2022
Greece, Politics
The European Commission has said that the illegal surveillance of citizens by intelligence services is “unacceptable,” while calling for an investigation into the tapping of a Greek political leader’s phone. Asked during a press briefing on Tuesday, Anitta Hipper, a spokeswoman on home affairs, migration and internal security, said the …
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July 21, 2022
Economy
European Commissioner President Ursual von der Leyen presented on Wednesday an emergency plan for the case Russia halts the supply of natural gas to Europe. The plan called “Save gas for a safe winter” provides that EU member state reduce annual gas consumption by 15%. “In case of a European …
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July 15, 2022
Economy
Economic growth in Greece will exceed the EU average in 2022, but the inflation rate will remain high, the European Commission said in its summer 2022 Economic Forecast report released on Thursday. More specifically, the report said that Greece kept its momentum in the first quarter of 2022, with real …
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