A meeting on energy under the Prime Minister was held at the Maximos Palace, with the participation of the Ministers of Finance, Energy, Development and Rural Development. Details of the government’s new fuel intervention, which will take effect on July 1st and run for three months, have been finalized, with official announcements expected tomorrow. From […]
Tag: energy crisis
Fuel Pass decisions ‘locked’ – Announcements announced on Tuesday
LAST UPDATE 13:20 Tomorrow comes the government announcements tomorrow in support of the citizens against the rally of fuel prices. Starting from the meeting of the cabinet, the prime minister is expected to give the position and the framework of the new interventions of shielding the citizens, while, then and more specifically at three in […]
Newcleo pocket startup raises € 300 million for UK-France expansion
The startup of its space nuclear power Newcleo raised € 300 million in investment funding to develop its technology to carry out its first pilot projects in France and the United Kingdom. The London-based company aims to reduce the cost of developing and producing nuclear power, in order for the latter to play a greater […]
Solz rules out extension of nuclear disarmament process
As German Chancellor Olaf Solz sees it, there is no question of extending the operation of nuclear power plants to offset possible energy shortages due to cuts in gas supplies from Russia. “Experts are telling us: it’s not going to work,” Soltz said in an interview with the Münchner Merkur newspaper, the contents of which […]
Hubeck: Every kilowatt hour of energy counts
New warnings for the economy in the home energy from the German Minister of Economy R. Habek, at the time when Gazprom is restricting the natural gas flowing in Germany. “Every kilowatt hour helps save energy.” This is the new appeal addressed to the Germans via video on twitter by the Minister of Economy Robert […]
The West’s energy war with Russia requires sacrifices
By Liam Denning Although Russia and Western countries are avoiding a real-life war for Ukraine, they have already entered an energy war. The initial skirmishes take the form of selective interruptions in energy flows and the imposition of sanctions on Russian supply. However, there is a distinct gap between the rhetoric of war and the […]
The oil shock will not end in 2023 either
By Javier Blas Wall Street may be full of talk of a recession next year, but the energy market is another story. Most traders, policymakers and analysts see oil demand growing in 2023 and supply struggling to keep up. In private discussions, Western officials are worried that Brent crude will soon reach $ 150 a […]
The electricity ceiling starts – At 0.145 euros the price per kilowatt hour is reduced
By Harry Floudopoulos The legislative regulation, which will impose the famous ceiling on the wholesale electricity market and which will be submitted in the form of an amendment to the parliament in one of the next government bills, should be considered complete. The aim is to start the operation of the temporary regime for the […]
Eurobank: Carry-over and GDP in the first quarter will reduce the impact of inflation on growth
The Greek economy remained on an expansion trajectory for the 7th quarter in a row in the period January-March 2022, exceeding the pandemic losses in terms of quarterly real GDP by 3.0%, notes Eurobank in its weekly bulletin “7 Days Economy”. According to the bank, this happened despite the first phase of the energy crisis, […]
The partial EU embargo on Russian oil is incomplete but necessary
European Union leaders have finally agreed to impose a partial embargo on Russian oil imports, paving the way for a sixth package of sanctions against Russia aimed at eroding the Kremlin’s ability to continue funding the brutal war in Russia. Ukraine. But this is an incomplete solution, according to Bloomberg, as it not only comes […]
