The Minister of Development, Adonis Georgiadis, appeared reassuring about the consequences that the developments in Ukraine will have for our country.
He assured that there is absolutely no concern on the issue of gas adequacy in Greece from the developments so far, speaking to SKAI.
As he said, one of the measures being discussed is to impose an embargo on the pipelines that pass through Ukraine, however natural gas reaches Greece through the Black Sea from the Turk Stream and Azerbaijan.
As concerns the Government Foreign Affairs and Defense Council (KYSEA) meeting, he explained that it is the foreseen procedure as a major event has occurred in our area.
Regarding the increase in prices, he said that it remains to be seen how the world economy will react to the developments in Ukraine, however, any increase in fuel prices today is a speculation.
On cheap electricity and the Left
Adonis Georgiadis insisted in his view that the left is responsible for the fact that there is no cheap electricity in Greece.
“But when in every effort to get cheap electricity some nutjobs dash to the Council of State and obstruct the permits and the works, will we not have more expensive electricity?” wondered Mr. Georgiadis, adding that the left is 100% the biggest disaster for Greece.
“In general, for every problem of our country, the ideological hegemony of the left has the main responsibility,” said the Minister of Development.
Latest News
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight