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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...

Greece Grants $452 Million in Energy Financial Relief

Greece extended the financial relief offered to businesses and households due to the rising energy costs on Friday. PM Kyriakos Mitsotakis announced that the government will allocate another 400 million euros ($452 million), covering a significant part of the increases...

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...

Greece, Egypt, Cyprus Warn Turkey Against Unilateral Actions

Greece, Egypt and Cyprus have warned Turkey to stop taking unilateral actions in the eastern Mediterranean during a summit of their leaders in Athens on Tuesday. Greek PM Kyriakos Mitsotakis, Egyptian President Abdel Fattah al-Sisi and Cypriot President Nicos Anastasiades...

Greece and Egypt to Sign Electricity Link-Up

Greece and Egypt will ink a preliminary deal to build a large electrical cable connecting the two countries on Thursday. It is the first such agreement to be signed between Europe and Africa in the southeastern Mediterranean. The deal will...

Greece Offers Power Subsidy to Households as Energy Price Soars

Greece announced on Friday a series of measures that would offer households subsidies to cope with soaring energy prices. “In this unprecedented energy crisis, we will not leave anyone unprotected,” said Environment and Energy Minister Costas Skrekas at a joint...