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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...

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...

Could EU Energy Price Hikes Lead to a Global Energy Crisis?

Gas and other energy prices have spiked in Greece, Europe and globally in the past two weeks. Experts have been researching whether this could lead to a new global energy crisis, like the one in the 1970s. Analysts believe gas...

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...

Elon Musk Bullish on Future of Nuclear Energy

Elon Musk, who has an outsize influence on public opinion, whether it be on alternative energy or Bitcoin, had some striking things to say recently, stating that nuclear energy should provide part of the world's energy needs in the...

Greece Sells Majority Stake of Public Power Corporation

Greece's Public Power Corporation (PPC) is expected to complete a share capital increase plan worth around 750 million euros by early November, following a decision reached by its board on Thursday. The process is set to bring the state’s share...

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.

US Ambassador Vows to Strengthen US-Greece Strategic Relationship

    “The cooperation between Greece and the United States must become even stronger and I know that it is President Biden’s intention to further deepen the Greek-American strategic relationship,” stated US Ambassador to Greece Geoffrey Pyatt on Wednesday. The ambassador made...

Trump Reelection Campaign Reaches Out to Greek-Americans on Eve of Vote

"Greek Voices for Trump," a group which has tasked itself with the reelection of President Trump to another term, released a statement to the press recently which lays out the reasons why it believes the sitting president is the...

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...