Greek News
Germany’s 9-Euro-Ticket Causes Train Travel Frenzy (infographic)
Germany’s summer of super-discounted rail travel is coming to an end September 1 after three months in which local and regional trains in the country could be...
Nord Stream 1: Russia shuts major gas pipeline to Europe
Russia has completely halted gas supplies to Europe via a major pipeline, saying repairs are needed. The Russian state-owned energy giant, Gazprom, said the restrictions on the...
Europe prepares to decouple the price of natural gas from electricity, amid energy crisis
The president of the European Commission, Ursula von der Leyen, said that the full reform of the European electricity market should be done properly and, from a...
Europe facing “Energy Armageddon” – € 900/MWh in France, € 310.5 for natural gas in Europe
Energy costs in Europe are skyrocketing foreboding an ominous winter. Yesterday the price of a megawatt hour in France broke all previous records by reaching € 900/MWh,...
Lithium Prices Putting EV Producers Under Pressure (infographic)
With demand for electric vehicles on the rise, and production bans for petrol and diesel cars in some key markets on the horizon, one of the essential...
Both communities in Cyprus should share gas discovery: U.S State Department
The US State Department issued a statement concerning the discovery by the ENI-TOTAL consortium of large deposits of natural gas in Block 6 of the Cyprus EEZ....
€14-million hotel investment in Cape Sounion by Israeli group gets ‘green light’
The competent Directorate of the Ministry of Development gave the “green light” for yet another investment, this time in the wider area of Attica (Sounion), to an...
The Richest People in Africa (infographic)
With a wealth assessed by Forbes of $14.9 billion in 2022, the Nigerian-born Aliko Dangote is the richest person in Africa. The 65-year-old made his fortune primarily...
ExxonMobil extends ‘stay’ in Crete for 2 more years for oil exploration
Energy giant ExxonMobil was granted a 2-year extension by the Hellenic Hydrocarbons Resources Management S.A. (EDYE) regarding the First Phase of the Basic Stage of exploration in the...
Household electricity subsidies to reach 639 euros MWh for September: Greek Energy Minister
Minister of Environment and Energy Kostas Skrekas announced that the state would allocate 1.9 billion euros to subsidise the electricity bills of households and businesses for September....
Eni announces discovery of large gas deposit in Cyprus
Eni announced a significant gas discovery in the Cronos-1 well drilled in Block 6, 160 km off Cyprus coastline, in 2,287 metres of water depth. The Block...
How European Government Debt Grew During the Pandemic – Where is Greece? (infographic)
European government debt increased across the board during the pandemic, but as this chart shows, the effects were felt a lot harder in some countries than they...
Eurostat: Inflation in Greece at 11.3% in July
Inflation in Greece was 11.3% in July, according to Eurostat data, registering a marginal decrease from 11.6% in June. As can be seen from the data, the...
Energy Prices Keep Climbing in the EU (infographic)
Energy prices are rising across Europe with no end in sight, as the latest figures from Europe’s official statistics agency show. Energy annual inflation in the EU...
Elon Musk scores a rare win in Twitter-acquisition lawsuit as the company is ordered to hand over documents
Elon Musk will receive some of the extra information he’s demanded from Twitter in its lawsuit against him, and he’s trying for even more, Insider has learned....
German electric car company Next.e.Go Mobile ‘ditches’ Greece to build cars in Skopje and Bulgaria
A German electric car company that had agreed to manufacture vehicles in Greece suddenly announced that it had signed an agreement with Skopje to build a production...
Price Hikes Leave Streaming Customers With Tough Choices (infographic)
As consumers are grappling with inflation, trying to cut down on non-essential spending, Disney served its fans another tough pill to swallow. The company announced that it’s...
An $8.2 billion “smart city” twice the size of Central Park is rising in Greece complete with luxury homes for sale at NY prices (photos)
The Ellinikon is a planned city of 2.3 square miles on the outskirts of Athens. It will be about twice the size of Central Park and three...
Cyprus: Rumors of a huge hydrocarbon deposit in the Block 6 – Nothing to announce yet says the government
The Cypriot Ministry of Energy in an announcement notes that drilling at the “Cronos-1” target in Block 6 of the Cyprus Exclusive Economic Zone is ongoing and...
Greece is becoming the new hub for hydrogen in Europe
It was like a bang when Prince Mohammed bin Salman assessed his country’s relationship with Greece during his joint appearance with the Greek Prime Minister Kyriakos Mitsotakis....