Calamos Supports Greece

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Greece, Cyprus and Israel Vow to Create Energy Corridor to Europe

Cyprus, Greece and Israel can provide a key energy corridor to Europe through a planned electricity cable connecting their power grids and a potential natural gas pipeline, diplomats from the three nations said on Friday. Cypriot Foreign Minister Constantinos Kombos,...

Sen. Menendez: Greece Leads by Example on Energy

Bob Menendez, Chair of the Senate Foreign Relations Committee, praised Greece, saying that Greece "leads by example" in energy diversification. In a pre-recorded message at the 1st East Macedonia & Thrace Forum, held in the northeastern Greek city of Alexandroupolis...

New Deposits of Natural Gas Discovered Off Cyprus

Cyprus announced on Wednesday that between two and three trillion cubic feet (Tcf) of natural gas has been uncovered in exploratory drilling in block six of the nation’s exclusive economic zone (EEZ). The find by the consortium of Italy's Eni...

Russia Says Will Not Accept Oil Price Cap

The Russian government has said that it "will not accept" a price cap on its oil. Russia's response came today after the EU reached an agreement on Friday to join the G7 in capping Russian oil imports at $60...

Inflation in Greece Jumps to 12 Percent in September

The annual inflation rate in Greece rose to 12 percent in September, up from 11.4 percent in August and 11.6 percent in July, the Hellenic Statistical Authority (ELSTAT) said on Monday. More specifically, the consumer price index rose 2.9 percent...

Europe Can Fight Putin by Imposing Cap on Gas Price, Greek PM Says

Greek PM Kyriakos Mitsotakis repeated a call for European action to cap gas prices in an article published by Bloomberg on Monday. While such a cap carried risks, he said, Europe must “take back control of its gas market" and...

Greece Braces for ‘Worst Winter Since 1942’ Due to Energy Crisis

Due to the energy crisis, Greece is bracing for the most difficult winter since 1942, the darkest year of the German occupation, a minister warned on Saturday. Minister of Development and Investment Adonis Georgiadis advised Greeks to seek alternative ways...

Energy Crisis Looms as Russia Halts Gas Supply to Europe

Russia's state-owned energy firm Gazprom halted gas supplies via the Nord Stream 1 pipeline to Western Europe on Wednesday for three days, the company said. The energy giant said that due to maintenance on Nord Stream 1, there would be...

Greece Doubles Power Subsidies for Households, Businesses

On Tuesday, Greece announced the doubling of power subsidies for households and businesses in September, as the price of electricity has skyrocketed. Wholesale electricity price reached 549 euros per megawatt-hour (MWh) on Monday and is due to rise to 616.38...

EU Nations Urged to Cut Gas Usage Amid New Putin Warning

The European Union (EU) told member states on Wednesday to cut gas usage by 15 percent until March as an emergency step after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be...