Greece

In a move signaling a major shift toward renewable energy, Greek oil giant Hellenic Petroleum announced that it will soon receive 75 million euros ($88.62 million) in funding toward the construction of the largest solar array in the country. According...

On Monday, Greece's attempt to seal the deal in the privatization of Hellenic Petroleum was prevented by workers at the facilities who walked off the job for four hours to picket the entrance-way. Workers at Hellenic Petroleum managed to physically...

Hellenic Petroleum will submit an offer in a tender for hydrocarbon exploration rights in field 1 of northwestern Ionian Sea, which has raised doubts from Albanian authorities. Addressing a general shareholders' meeting, Hellenic Petroleum CEO Grigoris Stergioulis said the company has discussed the...

Workers at Greece's biggest refiner Hellenic Petroleum will extend their ongoing 10-day strike to April 19, a labour union official told Reuters on Friday. "We called a new strike between April 12 and April 19," said Nikos Orfanos, president...

Employees of Hellenic Petroleum (ELPE) on Sunday launched a 10-day strike that could potentially disrupt the smooth supply of the market with fuel in the coming days, as ANA reported. The employees at ELPE, which controls three of the four...

Greek Prime Minster Kyriakos Mitsotakis was upbeat in his remarks to the Panhellenic Exporters Association on Wednesday, saying that the positive Greek export numbers for 2020 amounted to a "small feat." Addressing the businesspeople and financial figures who are taking...

Coca Cola Hellenic, the world΄s second-largest bottler of Coca-Cola Co. soft drinks and Greece΄s biggest firm by market value, said on Thursday it would switch its main bourse listing to London, where it hopes to tap more liquidity from...

Hundreds of policymakers, diplomats, entrepreneurs, economists and academics from all over the world are expected to tune in for the 31st annual Greek Economic Summit (GES), to be held digitally on December 1-3. The Summit, called "Forging Ahead in Challenging...

Greece and the United States reaffirmed their excellent bilateral relations and mutual desire to further deepen cooperation in a series of areas on Monday, in a meeting of Secretary of State Mike Pompeo and Greek Foreign Minister Dendias. The areas...

Greek and American officials hailed the partnership between oil giants ExxonMobil of the US, Total of France and Hellenic Petroleum in two offshore exploration licenses off Crete during a Monday teleconference. "Both sides welcomed the participation of ExxonMobil in partnership...

In every corner of Greece an "outbreak" of donations and volunteering and a strong mobilization in the battle against the coronavirus is manifesting itself. Kali Ellada brought together a detailed spreadsheet of donations by big and small companies that...

Greece has launched the sale of gas distribution network DEPA Infrastructure, with the state and Hellenic Petroleum both selling their stakes in the jointly-owned operation, the country’s privatization agency said on Monday. The announcement was made during the 21st Annual...

Geological surveys of the sea area south of Crete have indicated that up to 10 trillion cubic feet of natural gas could be hidden under the sea bed, according to a report in the Greek daily Ta Nea on...

More than 30 areas believed to be ripe for hydrocarbon exploration have been identified in the Ionian Sea and the sea area west and south of Crete, the Athens-Macedonian News Agency (AMNA) reports. The map showing the various sites was...

The Greek Parliament on Thursday ratified four concessions allowing the exploratory drilling and extraction of hydrocarbons in regions of the Ionian Sea as well as the waters west of Crete. Lawmakers approved the legislation for the ratification of the agreement...