
“The energy exchange is a European issue, prices are centrally set,” Minister of Development and Investment Adonis Georgiadis told Parapolitika 90.1 FM, answering a relevant question. In particular, the minister accused main opposition SYRIZA of attempting to construct a narrative centered on the energy crisis, while for the adjustment clause he explained that it does not exist for those who have asked for a fixed tariff on the energy companies.
At the same time, referring to the e-consumer platform, he said that one can find better prices, while he stressed that the controls are continuous while fines are imposed on those who speculate. He also said that with the amendment voted in Parliament, the names of companies to which fines of more than 50,000 euros are imposed will be made public.
In relation to the minimum wage, he noted that there will be an increase, emphasizing that the minimum wage has an impact on companies. Finally, he estimated that the war in Ukraine will go on, saying that the government must save fiscal strength.
As concerns prices
Mr. Georgiadis during his visit to the Varvakeio Central Market today said: “As you can see the prices – and I want to congratulate the competent services and the Minister of Rural Development with whom we collaborated – have managed to be significantly lower than we expected. Everyone was talking about 15-16 euros (for lamb/kid) and as you can see the prices start at 8 euros and reach 12-14 euros for the best lamb. So we went far below the forecasts, in extremely difficult times, with a lot of work and a lot of controls. “


Latest News

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

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.