Energy
Economy
Greek PM Mitsotakis Discusses Economic Impacts of Ukraine War
During a panel at the Delphi Economic Forum on Saturday, Greek Prime Minister Kyriakos Mitsotakis discussed the economic impacts of the war in Ukraine on both Greece and Europe as a whole.
Mathias Cormann, Secretary-General of the Organization for Economic...
Energy
Greece, Italy, Spain, Portugal Push for Energy Market Reform
The leaders of Greece, Italy, Spain, and Portugal agreed on Friday to push the European Union to reform the energy market and reduce prices.
In statements after remotely participating in a quadrilateral summit held in Rome, Greek Prime Minister Kyriakos...
Greece
Greece Announces Economic Support During Energy Crisis
Greek Prime Minister Kyriakos Mitsotakis announced an economic aid package for Greeks during the energy crisis on Wednesday as people are struggling to keep up with rapidly increasing costs.
The total package amounts to 1.1 billion euros to be distributed...
Business
Inflation in Greece Soars by 7.2% Following Rise in Electricity, Fuel
Greece's annual inflation rate soared by 7.2% in February compared to 6.2% in January, which has accelerated a trend that has followed the COVID-19 pandemic and now the Russia-Ukraine conflict, official statistical data released Thursday indicates.
The surge in consumer...
Economy
Gas Prices in Greece: Cheaper to Fly to Paris Than Drive to Thessaloniki
Gas prices have risen so much in Greece -- just as they have in the rest of the world -- that it is cheaper for an Athenian to take a flight to Paris than to drive to the northern...
Energy
US Senators Introduce Act to Ban Russian Oil, Energy Imports
US Senators introduced a bill that would ban Russian oil and energy imports on Thursday. The "Banning Russian Energy Imports Act" already has widespread support, says senator Joe Manchin, a Democrat from West Virginia, who said that the legislation...
Economy
Greece’s Annual Inflation Rate Jumped to 6.2% in January
Greece's annual inflation rate jumped to 6.2 percent in January from 5.1 percent in December and -2 percent in January 2021, the Hellenic Statistical Authority said on Tuesday.
More specifically, all items included in the so-called "basket of goods" recorded...
Energy
Tilos, Greece’s First Energy-Self-Sufficient Island
The Greek island of Tilos in the Dodecanese has become the first in the entire Mediterranean to become fully self-sufficient in energy.
Energy
Electricity Prices Skyrocket in Greece, Europe as Winter Sets In
Greece and the rest of Europe are facing an energy crisis with electricity prices skyrocketing to new records on Wednesday as winter sets in.
According to the European platform EEX, wholesale prices of electricity at over 400 euros ($450) per...
Energy
Greece Pushes For EU-Wide Response to Energy Crunch
Greece pushed for a EU response to the tackle the ongoing energy crunch at the summit of leaders that took place on Thursday and Friday in Brussels.
However, EU leaders shunned sweeping action by adopting a moderate list of measures...