
The Greek Minister of Development and Investments, Mr. Adonis Georgiadis, did not rule out taking new measures in ordert to alleviate households, since, as he said, our economy is doing very well and we can come up against any problem. But such a decision, he added, is up to the Greek Prime Minister.
Regarding the explosive increases in energy and fuel prices, he replied that the Greek government was moving faster than the rest of Europe, “as we have already announced measures of 500 million euros for the State to take over all the increases in electricity, to give a big discount on natural gas, to increase the heating allowance, etc. ”
He underlined that the Greek government together with other countries at the MED9 meeting decided and asked the Commission to take measures for the energy crisis and it succeeded. “We will not let anyone run out of electricity. We are in the midst of an energy crisis and the government is not leaving the Greeks alone,” he added.
Describing the state of the Greek economy, he referred, talking to SKAI channeI, to a series of investments that were launched last week, but also to unemployment, which in August was at its lowest point in the last fifteen years.
As for fuel prices, he acknowledged that they have risen, but said they should not be compared to last year when the economy was closed due to restrictive measures imposed to deal with the pandemic. “If we compare the prices with the lowest of the economy, taking also into account the lockdowns, the heating oil is increased by 45%. Compared to other years, it increased by 15% -20% “, while he also noted that the excise duty cannot be reduced due to inflationary pressures. “We are entering an inflationary cycle. When you have inflation, increasing liquidity by reducing taxes is like pouring gasoline on the fire.”


Latest News

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)

Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign

Electricity Bills: Greece Announces Reduced Tariffs Schedule
Greece will now offer lower electricity rates between 11:00-15:00 and 02:00-04:00

Chevron Confirms Eyeing Natural Gas Exploration South of Crete
Chevron recently declared its intent to explore a third area, south of the Peloponnese.

Evangelos Marinakis: A time of change from which shipping can benefit
Speaking at the 19th Annual Capital Link International Shipping Forum Evangelos Marinakis stressed the challenges that shipping faces today

Retail Trade in Greece Up 2.5% in December 2024: ELSTAT
In January 2025, the General Turnover Index recorded a 2.5% increase compared to January 2024. Compared to December 2024, it recorded a significant decline of 18.4%

Greek Fruit and Vegetable Exports Surge
Greek exporters have expressed concerns over a new draft law in Bulgaria that mandates at least 50% of products in stores to be of Bulgarian origin.

Trump Tower in Greece? Speculation Grows Over Potential Investment
In 2007, the Trump Organization explored the possibility of constructing a skyscraper complex and casino at the former Ellinikon Airport site in Athens

Was Aristidis Alafouzos, CEO of Okeanis Eco Tankers, cheering over extra earnings from carrying ‘sanctioned’ Russian oil?
Okeanis CEO Aristidis Alafouzos tried to give assurances that the company was not carrying sanctioned Russian oil - Recently published data point to the opposite