Greece

Greece's prime minister has actually asked the EU to urgently respond to skyrocketing power rates in central and eastern Europe, which Athens stated are being worsened by Russian attacks on Ukraine's energy facilities. In a letter to the European Commission, seen , Kyriakos Mitsotakis asked Brussels to develop a bloc-wide regulator with powers to examine energy markets throughout the EU, and urged the Commission to support cross-border facilities projects to move power between countries. Power prices in Greece more than doubled from 60 euros per megawatt hour in April to 130eur/MWh in August, the letter stated. We can not explain...

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....

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

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...

The timeline for a. proposed pipeline linking East Mediterranean gas reserves to. Greece by means of Cyprus and Crete remains unpredictable as stakeholders. are evaluating its economic feasibility, delegates from Cyprus. and the East Mediterranean Gas Forum (EMGF) informed on. Friday. There is no concrete timeline right now, George. Papanastasiou, energy minister of Cyprus, told when. asked about a Last Financial Investment Decision (FID) on the so-called. EastMed task. Greece, Cyprus and Israel inked a handle 2020 to construct a. 2,000-kilometer (1,240-mile) subsea pipeline to move gas. from the eastern Mediterranean to Europe. FID on the job, which is approximated...

Moldova's domestic gas provider Energocom stated it will supply its consumers with test volumes of U.S.origin liquefied gas (LNG) for the very first time on Monday and Tuesday. Moldova relied practically solely on Russian gas under an offer with statecontrolled Gazprom but stepped up diversity efforts following Moscow's fullscale invasion of neighbouring Ukraine 2 years back. Energocom said in a declaration that it will buy LNG from the Alexandroupolis floating terminal in cooperation with Greek state-controlled business DEPA Commercial. On Monday and Tuesday, we will acquire 14,000 MWh of gas each day at the port of Alexandroupolis. There are about...

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...

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...

Raba Peci never ever desired cooling the cold air made individuals sick, she thought. Then this year a string of heatwaves in her town of Mitrovica in northern Kosovo lastly changed her mind. This summer season is very hot and intolerable and that's why we chosen to buy one now, she said as she prepared Turkish coffee for two employees who were installing a new system in her home. Her next door neighbour currently had two put in. Numerous in the Balkans area of main Europe have long mistrusted synthetic cooling techniques. In some locations, far from the traveler locations,...

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...