January 22, 2023
Economy, FEATURED
Significant reductions in electricity bills for household consumers in February were announced by the Public Power Corporation (PPC) and other power providers on Saturday. In the announcement, it was noted that the final consumer price depends on the amount of the electricity consumption subsidy announced every month by the Ministry …
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January 17, 2023
Economy, FEATURED
Wholesale electricity prices fell below 100 euros/MWh in Greece for the first time in 18 months. Electricity prices for tomorrow, Wednesday, January 18, were set at 86.77 euros/MWh in the Greek Energy Exchange, falling below the 100-euro barrier for the first time since August 2021, media report. Market analysts attributed …
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October 19, 2022
Economy
A significant decrease in electricity prices is expected as of November, following the reduction of both electricity prices on the energy exchange and international natural gas prices, the market reportedly estimates. These are the nominal prices which – according to the legislation – are announced by the suppliers every month. …
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October 14, 2022
Economy, FEATURED
The sale of heating oil to households began on Friday with a last minute surprise discount of 6 cents per liter by the Hellenic Petroleum refineries (ELPE). The price was supposed to at 1.42 and 1.45 euros per liter, and after the discount is reportedly below 1.40. Nevertheless, it is …
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September 26, 2022
Economy
Greece, along with Italy, Belgium and Poland, has sent a letter to the European Commission ahead of a meeting by EU energy ministers on Friday, regarding a proposed cap on natural gas prices. According to points on a draft seen by the by Greek state-run news agency amna, the letter …
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August 13, 2022
FEATURED, Tourism, Travel
In Athens mid-August? Longing for a refreshing swim at a beach nearby? There are plenty of beaches along the Athens Riviera, along the whole regional unit of Attica, some of them organized and some free for all. Free beaches have no sunbeds but some like in Glyfada (Blue Flag) and …
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July 12, 2022
Economy
An amendment tabled in parliament on Tuesday will cap maximum profit margins for the sale of domestic appliances subsidized under the development ministry’s “Change my appliance” program. The cap was apparently considered as a necessity after consumers eligible for the subsidy denounced “price hikes” in air-conditioners, refrigerators and freezers. The …
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June 17, 2022
Economy, FEATURED
Striking hikes in taxi fares are underway, due to the explosive increase in fuel prices, the Taxi Union SATA announced on Friday, following a meeting with the leadership of the Transport Ministry. Τhe Union had sent a memorandum to the Ministry complaining that “taxi drivers are suffocating due to the …
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June 3, 2022
Economy, FEATURED
Finance Minister Christos Staikouras ruled out cuts on the special consumption tax on fuel, as prices reached new records this week, Greeks struggle to fill their vehicle tank and the domino effect of the hikes affects every sector of the economy. “Greece will have a primary deficit this year, as …
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May 30, 2022
Economy, FEATURED
Fuel prices have turned into a nightmare for motorists as it climbed to €2.267 on Sunday and reached €2.50 and shocking €2.70 on the Greek islands. Fuel traders forecast more increases during the week, fearing it will strike 2.50 euros and even 3 euros per liter. Nikos Papageorgiou, President of …
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May 16, 2022
FEATURED, Tourism, Travel
The “White Arrow” Intercity Express, the fastest train in Greece, completed its very first trip on Sunday, May 15, 2022. With a capacity at 60% the first ICE left Athens for Thessaloniki at 7:22 a.m. and reached the port city in northern Greece in 3 hours and 55 minutes. There …
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March 22, 2022
Economy, FEATURED, Tourism, Travel
Some ferry lines in Greece have already increased their ticket prices for passengers and vehicles transport due to the soaring energy prices. The raise ranging approximately 10% to 12% is in order to meet the growing operating cost due to the increase in international oil prices due to the war …
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March 16, 2022
Economy, FEATURED
The price of the unleaded gasoline refinery may have fallen by 4% in the past few days as a result of the fall in the international oil prices, but this reduction has not yet passed to the prices at the pump, at least, not in Greece. Prices remain at the …
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March 16, 2022
Greece, Politics
Main opposition party SYRIZA-Progressive Alliance blames the government for soaring prices and the high toll of Covid-related deaths outside the ICUs. In a spot, the main opposition party urges for a series of measures for the benefit of the society. In a spot SYRIZA demands decrease of the special tax …
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March 9, 2022
Economy, FEATURED
Greece’s Prime Minister Kyriakos Mitsotakis, in a letter to European Commission President Ursula von der Leyen, outlined a proposal for a six-point plan for dealing with the economic repercussions of soaring energy prices. In his letter Mitsotakis stresses the necessity for immediate and decisive action to avert an additional cost …
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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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December 26, 2021
Greece, Politics
Greece’s Development Minister Adonis Georgiadis has threatened merchants that the fines for masks price-gouging will be extraordinary high. At the same time, he claimed that had the state paid for free Rapid tests for all, the country would go bankrupt. Speaking to Skai TV on Saturday, the minister said that …
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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 15, 2021
Economy, FEATURED
The sale of heating oil in Greece for the season 2021-2022 started on Friday with prices up by 46 percent when compared to the previous season. Natural gas is up by 48.5%. The prices make it difficult for many households to afford. The prices start at 1.17 euros per liter …
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