Greece's environment minister says a new renewable energy bill will let ordinary citizens generate their own electricity, cutting household costs while deepening what he calls "energy democracy."
Rising energy costs are driving budget revisions across Europe, with Greece already adjusting growth forecasts while households face mounting pressures.
The Greek government may be reinstating additional subsidy schemes, with final decisions expected later this month.
Alpha Bank highlights the strategic role of regional energy routes as Europe faces supply risks, low gas reserves and mounting pressure to diversify away from vulnerable transit chokepoints
Inflation rises as Greece continues to outpace the eurozone, exposing structural weaknesses in its energy-dependent economy. It also raises concerns that price pressures will prove more persistent, compounding the strain on households.
The Greek government is preparing to take stock of the country’s fiscal firepower after the Easter holiday. The ongoing conflict in the Middle East has stoked fresh concerns about energy costs and consumer prices, while existing relief measures are increasingly fall short of what households need. However no new decisions will be made before Finance […]
Executives say the aid package provides limited relief to specific industries, with structural energy costs and competitiveness gaps still unresolved.
Athens has finalized a two-pillar support package for Greek industry after six months of negotiations with the European Commission, targeting both immediate electricity bill reductions and long-term energy efficiency investments.
According to market sources, Environment and Energy Minister Stavros Papastavrou is expected to convene a high-level meeting later this week with key energy stakeholders.
Consumers in thirty-four countries pay less than a dollar per liter, with Libya ($0.023), Iran (0.029) and Venezuela (0.035) being the cheapest, while Russians pay $0.828 at the petrol station.
Asian nations are scrambling to arrange energy-swapping deals to counter severe fuel shortages stemming from the Middle East conflict
Lawmakers clash over fuel subsidies, tax cuts, and support for vulnerable households as the greek government attempts to tackle rising energy costs linked to the Middle East war.
EU ministers rule out fiscal flexibility despite rising energy costs, forcing countries like Greece to rely on limited national budgets as inflation risks intensify
Eurozone finance ministers hold emergency talks as oil tops $100, driving up costs for households and businesses and raising concerns over a new inflation cycle and the bloc’s ability to respond in time.
Higher energy, raw material, and transport costs linked to the Middle East conflict are pushing up fertilizer prices and driving noticeable increases in fruit and vegetable prices across Greek markets.
Damage to over 40 energy projects across nine countries threatens global fuel supplies, with Asia facing the brunt and urgent international coordination needed to stabilize markets
The Prime Minister outlined a 300 million euros support package covering April and May, focused on four key areas.
Amrita Sen, founder of Energy Aspects, was also cited as warning that the situation clearly pointed to further escalation and, consequently, higher oil prices, while cautioning that assumptions Iran might back down were misplaced.
Europe, Mitsotakis argued, must equip itself with a targeted “toolbox” capable of providing temporary support to households and businesses, shielding them from the risk of a renewed energy crisis.
In an interview with Reuters, QatarEnergy CEO Saad al-Kaabi warned that the damage from recent Iranian attacks could force the company to declare force majeure on long-term LNG contracts to Italy, Belgium, South Korea and China