Calamos Supports Greece

Energy

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...

Energy Dominates Talks Between Greek PM and Emir of Qatar

Energy issues dominated talks during Greek Prime Minister Kyriakos Mitsotakis' first official visit to Qatar on Monday. According to Greek government sources, the visit is indicative of the strong interest of both sides in further enhancing bilateral relations, especially during...

Greece to Switch Off Floodlit Monuments Earlier to Save Energy

Greece will switch off floodlit monuments earlier as part of an EU-wide drive to reduce energy reliance on Russia and burn fifteen percent less gas this winter, Environment and Energy Minister Kostas Skrekas said on Sunday. In an interview with...

Greece to Use Lignite Again as Fuel Alternative Due to Energy Crisis

Greece is planning to ramp up the use of lignite as an alternative power source to natural gas, which has become extremely expensive in the wake of the war in Ukraine. Lignite, or brown coal, is formed from naturally compressed...

Greek State TV Shows How to Steal Gas From Cars, Prompting Criticism

Greek state TV ran a news segment on Wednesday showing viewers how to steal gas from cars, prompting criticism at a time when the nation's average fuel price is now over 2.4 euros ($2.53) per liter. During the morning broadcast...

Germany Restarts Coal Plants After Russia Severs Gas Supply

Germany will reopen its high-polluting coal power plants after Russia cut off its gas pipeline to Europe. The emergency decision announced Sunday came as Germany tries to avert a supply shortage and as the continent struggles to respond to reductions...

EU: Greece Plays Important Role in Independence from Russian Gas

Greece will play a significant role in developing independence from Russian fuel in Southeastern Europe, which currently relies heavily on fuel from the country, according to the European Commission. Infrastructure for transit and imports that is currently under construction in...

Inflation in Greece Hits Double Digits at 10.2 Percent

Greece's annual consumer inflation jumped to its highest level in 28 years in April at 10.2 percent on the back of surging costs for energy, housing, transportation and foods, official data showed on Tuesday. The increase of inflation by 2.1...

Tourism in Greece Hit by Staff Shortages

Tourism in Greece for summer 2022 is threatened by staff shortages and spiraling energy costs, officials have warned. Tourism is Greece's key industry providing a quarter of Greece's national income. A record number of tourists are expected this year following...

Outgoing Ambassador to Greece Geoffrey Pyatt Gets Energy Job

US President Joe Biden has announced his intent to nominate Geoffrey Pyatt, the outgoing Ambassador to Greece, as Assistant Secretary of State for Energy Resources. Pyatt has served in Greece since 2016, an unusually long run for an Ambassador, and...