Greece

Greece and Turkey will check out whether they can start talks targeted at demarcating their maritime zones, Greece's foreign ministry said on Wednesday. Neighbours Greece and Turkey, both NATO allies but historical opponents, have actually been at odds for decades over a range of concerns from airspace to maritime jurisdiction in the eastern Mediterranean and ethnically split Cyprus. A contract on where their maritime zones begin and end is crucial for determining rights over possible gas reserves and power infrastructure schemes. Stress have actually eased recently and both countries agreed last year to reboot their relations, pledging to keep open...

DEPA Commercial, Greece's. biggest gas provider, has actually protected a loan of 390 million euros. ($ 423.19 million) from the European Investment Bank (EIB) to. build solar parks across the country. The loan will assist state-controlled DEPA financing more than. two-thirds of scheduled investment worth about 500 million euros. in new solar plants in the next four years, DEPA stated in a. statement late on Tuesday. The plants will be integrated in Macedonia, Thessaly and other. parts of Greece's mainland and will produce about 800 megawatts. of power, equivalent to the annual electricity taken in by about. 278,000 families, DEPA...

Greece will extend a. windfall tax on energy companies to support lowincome. pensioners and make COVIDera barrel cut on coffee and taxi. long-term, Prime Minister Kyriakos Mitsotakis stated on Thursday. Greece has actually been battling with a cost-of-living crisis and. despite a financial recovery after a decade of discomfort, incomes are. still below the European Union average, while food rates were. up more than 20% in 2022-2023 from the previous year. I believe it's a relocation of social justice, Mitsotakis stated. during a radio interview, days after he reshuffled his cabinet. following an even worse than anticipated EU vote result....

Abu Dhabi stateowned renewable resource firm Masdar will develop 2 solar plants and a. wind farm in Azerbaijan with 1 gigawatt of capacity, it said on. Tuesday. Masdar signed arrangements with Azeri state oil firm Socar for. the tasks on Tuesday. We are holding 75%, Socar is holding 25%, Maryam Al . Mazrouei, Masdar's head of development and investment for the. CIS region, informed . The 445 MW Bilasuvar Solar PV Job and the 315 MW. Neftchala Solar PV Project are anticipated to become functional by. completion of 2026 or early 2027 and the 240 MW Absheron-Garadagh. Onshore Wind Job...

The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday: ** Hess Corp shareholders will vote on Chevron's. proposed $53 billion acquisition of the company, after. lots of financiers have actually called for a hold-up in hopes of obtaining a. much better deal for their shares. ** OTE Telecom, Greece's most significant telecoms. operator, remains in talks with West Network Invest for the capacity. sale of its Romanian mobile business, Telekom Romania Mobile, it. stated late on Monday. ** Japan's Asahi Kasei said it used to get. Calliditas Therapeutics for about 11.8 billion. Swedish crowns ($...

Greece's Helleniq Energy stayed with its plan to install more eco-friendly capacity in the coming months however stated on Thursday it was worried about restrictions related to power grids and a lack of energy storage. Helleniq, Greece's biggest oil refiner, runs solar and wind parks with a total capacity of 381 megawatts with plans to boost that to 1 gigawatt within the next 18 months, Chief Executive Officer Andreas Shiamishis stated when talking about first quarter outcomes. But (we) stay careful, as obstacles associated with grid restraints and storage technologies stay unsolved, he added. Tapping its plentiful solar and wind...

The Greek navy on Wednesday extended an advisory effectively prohibiting ship traffic off the coast of the southeastern Peloponnese that two sources said was focused on deterring shiptoship transfers of Russian oil off Greece. Greece, in an uncommon relocation, over the past weeks has provided two NAVTEX notices for military exercises in the Laconian Gulf area, prompting merchant and other vessels to prevent the area. One of them was provided on May 1. It was at first ending on May 9 however was extended today, said a defence ministry official who decreased to be named. Following Russia's intrusion of Ukraine...

Houthi militants in Yemen have actually stepped up attacks on vessels in the Red Sea, impacting a shipping route important to eastwest trade. Some shipping companies have actually responded by instructing vessels to sail around southern Africa instead, a longer and for that reason more pricey route. Below are actions taken by business (in alphabetical order): C.H. ROBINSON The international logistics group stated on Dec. 22 it had actually rerouted more than 25 vessels around Africa over the previous week, and that number was likely to grow. CMA CGM The French shipping group has suspended most Red Sea trips however...

Greece's biggest electrical energy power utility pay per click swung to profit in 2015 and will resume dividend payments after a decade, it stated on Tuesday. PAY PER CLICK, which operates the nation's primary power grid, stated net profit stood at 485 million euros ($ 526.37 million) in 2023, compared to a loss of 9 million in 2022, helped by the acquisition of Italian electricity manufacturer Enel's properties in Romania in 2015 and distribution organization. The energy cut a load of past due bills, the tradition of a. decade-long financial obligation crisis in Greece, and has actually overhauled. operations. It...

Greek gas supplier DEPA Commercial has actually filed for arbitration to look for a price revision on its gas supply agreement with Gazprom, DEPA CEO Constantinos Xifaras stated on Thursday. The Greek state-controlled business is looking for a retroactive lowering of the gas rate in the contract checked in 2022, as well as relief from future payments worth numerous millions of dollars, according to numerous sources with knowledge of the matter. Asked about talks with Gazprom at the Power and Gas Forum in Athens, Xifaras said: We have actually remained in settlements ... for about 2 years, one-and-a-half years, on...

The Greek navy on Wednesday extended an advisory successfully prohibiting ship traffic off its coastline in the southeastern Peloponnese that two sources stated was focused on discouraging shiptoship transfers of Russian oil off Greece. Greece in a rare move over the previous weeks has released two NAVTEX notifications for military workouts in the Laconian Gulf location prompting merchant and other vessels to avoid the area. One of them was released on May 1. It was at first ending on May 9 however was extended today, stated a defence ministry authorities who declined to be called. Following Russia's invasion of Ukraine,...

The Greekflagged bulker Sea Champ got here in the southern Yemeni port of Aden on Tuesday after being attacked in the Red Sea in what appeared to have been an incorrect missile strike by the Houthi militia, sources said. Delivering risks are intensifying due to repeated drone and missile strikes in the Red Sea and Bab al-Mandab Strait by the Iran-aligned Houthis considering that November. U.S. and British forces have actually reacted with a number of attacks on Houthi centers but have actually so far stopped working to halt the attacks. The Sea Champion, which was taking grain from Argentina...

At least 2 people died as wildfires raged in central and northern Portugal on Monday, forcing authorities to evacuate villages, close motorways and ask the European Union to send more water-bombing airplane. The circumstance was most harmful in the northwestern Aveiro district where one forest blaze reached the borders of the town of Albergaria-a-Velha and burned numerous houses, the mayor said. More than 1,100 firefighters were battling that fire and three others in the surrounding location. Cops shut a stretch of the main highway in between Lisbon and Porto as thick smoke blanketed the location. Authorities stated officers had actually...

Greece stated on Tuesday it would provide emergency situation compensation totalling countless euros to hundreds of households and companies affected by a blaze that killed one lady and torched 10,000 hectares near Athens. The blaze started on Aug. 11 near the town of Varnavas, 35 km ( 22 miles) from the capital, and within a day reached the city's. northern residential areas on the slopes of Mount Penteli, among the last. forests near Athens. Assessments so far have actually identified some 146 houses significantly. harmed, with 31 services likewise affected. Authorities will provide to 150,000 euros ($ 166,650) to. homes,...

Private investigators presume a. defective power cable television might have caused Greece's worst wildfire this. year, said sources close to a probe over the blaze that killed. one woman and torched 10,000 hectares near Athens, covering a. total location about the size of Paris. The blaze, which started on Aug. 11, broke out from a forest. off Varnavas town, 35 km (22 miles) from the capital and into. Athens' northern suburbs, a few of which had actually never seen a. wildfire before, within a day. Authorities have actually questioned Varnavas citizens as part of. their investigation into what caused the...

Vangelis Ilias was returning from vacation on Monday when pals contacted us to tell him the unthinkable. A wildfire in forests north of Athens had suddenly came down on his residential area and was approaching his sculpture workshop. Minutes later, the 55-year-old's store on a plot between storage facilities, fields and a wood seller in Vrilissia, 10 km (6. miles) from the city centre, had been devoured by Greece's worst. fire this year. Like numerous in Vrilissia, Ilias was surprised. When he started. his company there two years back, he never ever believed wildfires. would reach so close. Standing at...

Greece's worst wildfire of the year killed one woman and continued to burn on the borders of the capital Athens on Tuesday, although lighter winds and firefighting efforts helped in reducing its intensity, authorities stated. Numerous firemens backed by six waterbombing aircraft battled the blaze that broke out on Sunday near the town of Varnavas 35 km (20 miles) north of Athens. Stoked by gale-force winds, the blaze jumped from a wooded, hilly location into the suburban areas on Monday, torching homes and stirring panic in neighbourhoods that had not seen such a fire so close to the centre in...

Residents fled their homes in the town of Varnava near Greece's capital Athens on Sunday as fire teams struggled to consist of a fastmoving wildfire fuelled by hot, windy weather condition. More than 250 firefighters backed by 12 water-bombing airplanes and seven helicopters battled the blaze that broke out at 3 p.m. and quickly reached the town some 35 km north of Athens. By late afternoon, a thick cloud of brown smoke hovered over. parts of the capital. Authorities sent out evacuation alerts for 5 nearby areas. The fire got in the village within 10 minutes. The winds. were very...

Wildfires fanned by strong winds raged in parts of Greece and the Balkans on Tuesday, burning forests and homes while requiring the evacuation of a resort town in Albania, regional authorities said. The area has seen above-average temperatures and dry conditions over the past month that have created suitable conditions for wildfires, researchers state. Flames swallowed up pine trees surrounding a hotel complex in the Albanian coastal town of Shengjin, where authorities evacuated citizens. In North Macedonia, a blaze near the Greek border burned 5 homes and resulted in evacuations, local officials stated. Locals informed regional media that electricity and...

More than 200 firemens backed up by helicopters and watercarrying aircrafts battled a wildfire on Greece's secondbiggest island of Evia for a 2nd day on Tuesday as authorities purchased the evacuation of 2 towns. The fire broke out near the village of Petries in the centre of the island at about 3 p.m. (1200 GMT) on Monday and strong winds fuelled its spread. While the scenario had a little improved on Tuesday, flare ups stay a threat due to the windy conditions, a fire service representative stated. Thirteen aircraft and 6 helicopters were at the scene on Tuesday about 60...

Hundreds of firemens had a hard time on Saturday to include wildfires fanned by gale force winds on 2 Greek islands and in other parts of Greece, as authorities warned many areas deal with a high risk of brand-new blazes. More than 30 firefighters backed by two airplane and five helicopters were fighting a wildfire burning? n the island of Andros in the Aegean, away from tourist resorts, where four communities were left as a preventative measure. More firefighters (are) expected on the island later in the day, a fire services official informed , adding there were no reports of...

Greece battled on Friday several wildfires at the southern idea of its mainland which were fanned by galeforce winds and required evacuations of towns. Lots of firefighters helped by 8 aircraft were released to tame forest fires in the areas of Achaia and Ilia and near the town of Kranidi on the Peloponnese peninsula. Locals of numerous towns in those locations were informed to leave their homes as blazes approached. Wildfires prevail in the Mediterranean nation, but they have ended up being more destructive as summertimes have become hotter and drier, which researchers connect to environment modification. Winds speed, in...

Greek firefighters and aircraft fought a blaze in the town of Koropi 30 kilometres south of Athens on Wednesday as strong winds fanned the flames and required citizens to flee their homes and organizations. Traffic was suspended along a main highway linking Koropi to Athens suburban areas. One storage center was on fire and flames crept into a boat dry dock and throughout fields of dry yard and olive trees, images on local television revealed. There were no reports of deaths or injuries, a fire service official told . Civil security and authorities evacuated 2 nearby villages. It was not...

Greece needs to minimize rampant construction and protect water resources and seaside areas if it wants to preserve a healthy tourist market across its mountainous mainland and beachlined islands, the nation's. ombudsman stated in a report on Thursday. Some 33 million people checked out Greece in 2023, 5 million. more than a year previously, drawn by its ancient archaeological. websites, turquoise Mediterranean waters and dependably sunny. weather. However in a report released on Thursday, the ombudsman cautioned. of the growing environmental dangers and required immediate reform. Our country's economy relies heavily on tourism which makes. the need to manage it...