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Energy

Greek PM Mitsotakis Discusses Economic Impacts of Ukraine War

During a panel at the Delphi Economic Forum on Saturday, Greek Prime Minister Kyriakos Mitsotakis discussed the economic impacts of the war in Ukraine on both Greece and Europe as a whole. Mathias Cormann, Secretary-General of the Organization for Economic...

Greece, Italy, Spain, Portugal Push for Energy Market Reform

The leaders of Greece, Italy, Spain, and Portugal agreed on Friday to push the European Union to reform the energy market and reduce prices. In statements after remotely participating in a quadrilateral summit held in Rome, Greek Prime Minister Kyriakos...

Greece Announces Economic Support During Energy Crisis

Greek Prime Minister Kyriakos Mitsotakis announced an economic aid package for Greeks during the energy crisis on Wednesday as people are struggling to keep up with rapidly increasing costs. The total package amounts to 1.1 billion euros to be distributed...

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...

Gas Prices in Greece: Cheaper to Fly to Paris Than Drive to Thessaloniki

Gas prices have risen so much in Greece -- just as they have in the rest of the world -- that it is cheaper for an Athenian to take a flight to Paris than to drive to the northern...

US Senators Introduce Act to Ban Russian Oil, Energy Imports

US Senators introduced a bill that would ban Russian oil and energy imports on Thursday. The "Banning Russian Energy Imports Act" already has widespread support, says senator Joe Manchin, a Democrat from West Virginia, who said that the legislation...

Greece’s Annual Inflation Rate Jumped to 6.2% in January

Greece's annual inflation rate jumped to 6.2 percent in January from 5.1 percent in December and -2 percent in January 2021, the Hellenic Statistical Authority said on Tuesday. More specifically, all items included in the so-called "basket of goods" recorded...

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.

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...