PASOK – Movement for Change calls for a comprehensive plan to deal with the threatened new energy price hikes, with a statement by its Energy Minister, Harry Doukas, on the occasion of the decision at the European Union level to gradually impose an embargo on Russian oil. PASOK-KINAL notes: “European Union decisions on embargo on […]
Tag: energy crisis
G. Kavvathas (GSEVEE): It is necessary to impose a ceiling on the retail and wholesale price of energy
The need to reconsider the way of calculating prices in energy but also the imposition of a ceiling on retail and wholesale prices underlined during his speech the President of the General Confederation of Professional Craftsmen and Merchants of Greece Mr. George Kavvathas from the podium of the 8th Panhellenic Conference of POVAS, which took […]
The five savings plans to be announced by the government
By Harry Floudopoulos A total of five programs – interventions aimed at subsidizing or providing incentives for energy savings are included in the package to be announced by the government in the coming days. These programs are part of the overall energy saving plan, with the aim of reducing energy consumption and consequently energy costs […]
Germany: Reactivation of coal-fired power plants in case of gas shortage
The reactivation of the coal-fired power plants and the simultaneous shutdown of the gas-fired power plants are planned in case of emergency by the Vice Chancellor and Minister of Economy Robert Hubeck. The relevant legislation, in force until the end of March 2024, provides for various measures in case of “gas shortage”, including the extension […]
F. Karavias: Dividend distribution from the profits of 2022
By Leonidas Stergiou Inflation, rising energy costs and the uncertainty of war will have an impact on growth and disposable income. However, as stated by the CEO of Eurobank Mr. Fokion Karavias in presentation of the results of the first quarterthe Greek economy has characteristics that differentiate it significantly from the rest of Europe. Despite […]
K. Skrekas: We are shielding the society from the energy crisis with the agreement in Brussels
“With the new mechanism that will be implemented in the Greek wholesale electricity market from July, we support consumers and shield the society that is being tested, with an effective safety net, against the explosive dimension of the unprecedented energy crisis.” This was emphasized by the Minister of Environment and Energy, Costas Skrekas, on the […]
The winter electric shock is approaching
By Javier Blas An oil crisis hits the economy like a big wave crashing on the beach: the impact is immediate and dramatic as the peak of the wave sinks to shore. An electric shock is another kind of shock: it looks like a rising tide, it is slow but relentless and then – surprise! […]
Germany: Energy cooperation agreement with Qatar signed by German government – Emir Al Thani-Solz meeting
An agreement on energy cooperation with Qatar for the supply of liquefied natural gas (LNG) and hydrogen was signed today by the German government, as part of its effort to break free from Russian gas. “Qatar has enormous potential for renewable energy, especially in the production of ‘green hydrogen’, and the federal government is interested […]
Inflation soars in May
Tassos Dasopoulou Double-digit growth, more than 10.2% in April, is expected to record inflation for May, but it will reach its peak, since from June onwards, the consumer price index – but not necessarily the prices – will begin to show signs of stabilization. In terms of European inflation, Greece is expected in May to […]
EU: ‘REPowerEU’ energy plan calls for additional € 210 billion investment by 2027
The European Commission today presented the “REPowerEU” Plan, which aims to phase out the EU’s dependence on Russian fossil fuels and transform Europe’s energy system. REPowerEU is the answer to the disruption of the global energy market caused by Russia’s invasion of Ukraine, the Commission said, noting that Russian fossil fuels are used as an […]
