“We are experiencing a hybrid war, many businesses cannot price, they do not know whether they win or lose,” said Mr Vassilis Korkidis, President of the Piraeus Chamber of Commerce and Industry, speaking at the OT Forum that takes place in the context of the 86th Thessaloniki International Fair, while referring to the fruitless meeting of EU energy ministers on the price cap imposed on Russian gas, he stressed that the reduction of consumption by 9% in the second half of 2022 is “an illusory dream”.
Mr Korkidis spoke of energy costs for businesses estimated at around €12.5 billion, of which around €8 billion has been given as subsidies and it is estimated that this will rise to around €10 billion, creating a gap of around €2.5 billion.
Two packages of measures
Mr Korkidis referred also to the need for two packages of measures:
The first is the emergency and temporary package, with measures on energy costs, support for households and businesses. He pointed out the unfavorable environment created for borrowers by the increase in interest rates, as it is estimated that banks will receive an additional amount of about 1.2 billion euros.
The second package concerns the permanent measures with a four-year perspective and commitments and measures such as pension increase, minimum wage at 751 euros, further reduction of the corporate tax to 20%, abolition of solidarity levy and other similar measures.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
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.)
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
