The duration of the Russian invasion of Ukraine will largely determine the impact of geopolitical uncertainty on inflation and the course of the Greek economy, Eurobank points out in its weekly “7 Days Economy” weekly report. Energy prices will remain high and the negative effects on trade and production will widen. In particular, the bank […]
Tag: energy crisis
See Putin: Western sanctions are to blame for food crisis and energy prices
Russian President Vladimir Putin said today that Moscow should closely monitor its food exports to “enemy countries” because Western sanctions have triggered a global food crisis and rising energy prices. Western sanctions over Russia’s invasion of Ukraine, which began on February 24, have left Russia facing the worst economic crisis since the break-up of the […]
Chr. Staikouras by Ecofin: The Ukrainian crisis requires immediate and bold European action
Addressing the crisis triggered by the war in Ukraine and its consequences requires coordinated, immediate and bold European action, Finance Minister Christos Staikouras said after today’s Ecofin meeting in Luxembourg. In particular, as the Minister of Finance explained, no European Member State can deal with this crisis on its own, nor cover the costs it […]
Britain: Call for study on shale gas extraction
The United Kingdom appears to be focusing on shale gas extraction after its Minister of Operations, Energy and Industrial Strategy, Quasi Quarteng, revealed on Tuesday that it had requested a brief geological report on shale gas extraction. “Although fracking is not the solution to the short-term price pressures caused by the crisis in Ukraine, all […]
Government moves are unfolding on the ‘chessboard’ of energy
By Dimitris Gatsios The government is setting up a financial back-up strategy to further support households and businesses, while opening its τιά papers on the energy security front, through moves that will make the country a transport hub in the European Union and a strong “player” in its region. Eastern Mediterranean. “Every crisis is an […]
N. Androulakis: From the taxation of super profits of energy companies to finance measures-shield for society
The President of PASOK – Movement for Change Nikos Androulakis visited a factory for the production of environmentally friendly products at the 70th km of the Athens-Lamia National Road. In fact, this Greek company is one of the largest producers in Europe in beverage straws and other disposable items for catering, having three production units […]
The messages for ‘backups’ of household-business support – The bet of energy efficiency-products
By Dimitris Gatsios With rifts in Western relations with Russia deepening daily as a result of Moscow’s invasion of Ukraine and its atrocities against civilians, Athens continues to upgrade its strategy to address economic uncertainties. energy and the budgets of millions of households and businesses. By the end of the week, the Prime Minister is […]
Japan: Tokyo to respond appropriately to release of strategic oil reserves
Japan will react appropriately to the release of strategic oil reserves, while closely monitoring global developments, as the Minister of Industry said today, before the conference of the member states of the International Energy Agency (IEA) scheduled for later today. US President Joe Biden announced yesterday the largest release of oil from US strategic reserves, […]
Netherlands: Extension of Onyx Power lignite power plant operation
The Dutch government announced today that the power company Onyx Power has decided to keep its coal-fired plant in Rotterdam running longer than previously planned. The government said Onyx had changed its mind about a deal announced in November that would close the plant within a few months in exchange for a 212.5m-euro subsidy. “I […]
What is the ’emergency’ plan for the energy that SYRIZA is preparing
By Niki Zorba For the last ten days, Alexis Tsipras SYRIZA has been urgently calling for an “emergency plan” to deal with the energy crisis. The President of SYRIZA, in each of his public interventions, reaffirms his party’s position on a plan that will be the opposite of the logical “self-regulation” of the market and […]
