Calamos Supports Greece

electricity

Ukraine Power Cuts: Zelensky Accuses Russia of ”Energy Terrorism”

Ukraine's President Volodymyr Zelensky has accused the Kremlin of "energy terrorism” after 4.5 million people across Ukraine faced power cuts on Friday following Russian attacks on the country’s energy network. More and more power cuts continue across Kyiv, according to the city’s...

Greece Emerging as Electric Power Supplier to Southeast Europe

Greece has emerged as an exporter of electric power to its neighbors in Southeast Europe in the last few months. The country has become a net exporter – rather than importer – of electricity, according to the Independent Power Transmission...

EU Proposes $141 Billion Taxes On Energy Firms to Tackle Soaring Prices

On Wednesday, the EU unveiled proposals to tax energy firms by up to $140 billion euros ($141 billion) to alleviate the burden of soaring prices for households and businesses across the bloc. EU chief Ursula von der Leyen presented the...

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...

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...

Inflation in Greece Climbs to 12 Percent in June, Growth Revised Downwards

Inflation in Greece reached 12 percent in the month of June from 10.5 percent in May and 9.1 percent in April, according to data released by Eurostat, the official statistical authority of the European Union announced on Friday. The rate...

Consumers in Greece to Receive 60 Percent Rebate On Electricity Bills

Consumers in Greece will be getting a rebate of 60 percent on the extra charges they paid for their electricity from December to May, as part of a packet of relief measures to tackle soaring energy prices, PM Kyriakos...

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...

Greece and Egypt Agree to Speed Up Joint Energy Project

Greece and Egypt agreed on Thursday to speed up the implementation of the energy interconnection project between the two countries as the energy crisis sweeps Europe. In a teleconference between Greece’s Prime Minister, Kyriakos Mitsotakis Egypt’s President, Abdel Fattah Al-Sisi...

Greece to Reduce Property Tax by 13%

Greece's PM Kyriakos Mitsotakis announced on Wednesday that he plans to permanently reduce the unpopular property tax, ENFIA, by 13 percent. "We are moving forward to a new brave permanent reduction of ENFIA by 13%. We continue to cover part...