Energy

Major Power Disruption in Southeast Europe, Greece Not Affected

A major disruption in the electric power transmission system of Southeastern Europe occurred on Friday afternoon, Greece's Independent Power Transmission Operator (ADMIE) announced late on Friday night. This outage had, as a result, the separation of the system of Southeastern...

Crete Connects to Mainland Greece’s Power Supply

Greece announced on Wednesday the completion of the construction of an electricity interconnection between Crete and the Peloponnese which will provide the island with a cheaper and more secure energy supply. The mammoth project included laying two new submarine cables...

PM Mitsotakis Meets with US Energy Secretary on Greece — US Cooperation

The spheres of Greece-US energy cooperation and US investments in Greece dominated a meeting of Greek Prime Minister Kyriakos Mitsotakis and US Secretary of Energy Dan Brouillette in Athens on Thursday. Meeting for the first time, at the Greek Prime Minister's...

Five Greek Islands Considered At Risk Due to Wind Farm Construction

The organization Europa Nostra announced on Thursday that they have symbolically placed five Greek islands on their list of endangered cultural heritage sites because of what they consider the risk of their landscapes being destroyed by the construction of...

Greek PM Praises European Commission Decisions on Budget, Climate

In a statement on Friday, Greek PM Kyriakos Mitsotakis welcomed decisions regarding the European budget and climate goals made at the the meeting of EU leaders held in Brussels on Thursday. Mitsotakis praised the breakthrough made on the European budget...

Is the Withdrawal of the Oruc Reis a Turkish Ploy Before EU Summit?

Turkey ordered its seismic exploration vessel Oruc Reis back to port on Monday -- less than two weeks before a European Union summit at which the bloc will evaluate possible sanctions against Ankara. The vessel, which had been spotted just...

Mine Explosion Off Saudi Arabia Damages Greek-managed Tanker

An explosion from a floating mine has caused damage to an oil tanker which is managed by a Greek concern, in the Red Sea off Shuqaiq, Saudi Arabia. The mine, thought to be related to the ongoing hostilities in Yemen, damaged...

Greek Foreign Ministry Issues Demarche to Turkey Over New Navtex

Greece's Foreign Minister Nikos Dendias ordered the immediate delivery of a demarche to Turkey over its new illegal Navtex on Wednesday, and he also briefed Greece's allies and partners about Turkey's ongoing illegal behavior, according to a Foreign Ministry announcement. "With...

Massive Volkswagen Investment Seen as Vote of Confidence in Greece

Greek PM Kyriakos Mitsotakis hailed on Wednesday the ambitious investment by German automaker to the island of Astypalaia a "vote of confidence in Greece." Volkswagen, in cooperation with Greece, announced it will launch an innovative project to bring climate-neutral mobility...

Volkswagen to Turn Greece's Astypalaia into Green Energy Island

The Greek island of Astypalaia will be the site of a major new investment enterprise, helmed by the Volkswagen corporation. Greek PM Kyriakos Mitsotakis and officials from the German automaker will announce on Wednesday the details of a plan to bring...

Greek Tanker Owners Still Dominate Shipping World Despite "Catastrophic" 2020

The economic publication New Money rates Greek shipowners as still the most dominant group in the world of shipping, according to a new article, despite the widespread economic devastation wreaked by the coronavirus lockdowns this year. Despite acknowledging that shipping as...

Greece, Israel, Cyprus to "Create New Geography of Understanding"

The close trade, military and energy ties between Greece, Cyprus and Israel "are a guarantee for the security of the wider region, which is plagued by crises and dangerous revisionisms," stated Greek Foreign Minister Nikos Dendias on Tuesday, during...

NATO Chief Announces Greece, Turkey to Cancel War Games

NATO Secretary-General Jens Stoltenberg announced on Friday in Brussels that Greece and Turkey plan to cancel their respective war games, which had been scheduled for next week on the national holidays of each other's country. The move was seen as...

Turkey Threatens to Extend Gas Mission South of Crete; Counter-Navtex Issued

Turkey announced on Wednesday that its seismic exploration activities in the eastern Mediterranean would continue and could extend south of Crete. “Of course we can carry out exploration wherever we want and we do so. We will continue our work....

Erdogan: Turkey Will Give Greece the "Answer it Deserves"

Turkish President Recep Tayyip Erdogan warned on Wednesday that Turkey will give Greece the “answer it deserves” over the eastern Mediterranean dispute, according to an AFP report. Speaking to the ruling party's lawmakers he also said that the ghost town...