Greek Prime Minister Kyriakos Mitsotakis focused on the agreement for the 2 billion-euro Great Sea Interconnector (GSI) Project linking the electrical grids of Crete and Cyprus, among other issues, in his weekly review on social media, on Sunday. Mitsotakis stressed its importance not only for Cyprus and Greece but the entire European Union.
The prime minister emphasized the fact that this project will not only connect Cyprus to Europe’s electricity system, ensuring its energy security and reducing electricity costs, but it will further advance Greece’s goal of becoming a gateway for the transfer of clean energy to Europe.
Mitsotakis highlighted that the increase in interconnections among European countries’ networks is a critical factor in promoting the green transition. He admitted that although the negotiations were long and challenging, the parties involved managed to overcome the thorny issues and initiated the cable project, in which France is also involved.
Focusing on energy issues, he mentioned that the European Commission approved funding for the Independent Natural Gas System of Alexandroupolis with 202 million euros through the ESIF. He added that the LNG terminal in Alexandroupolis is expected to commence operations on Oct. 1.
The prime minister concluded by especially mentioning the honorary invitation extended to Greece at the recent G7 Ministers of Culture meeting held in Naples, Italy.
‘This is the first time our country has been invited to participate in this summit, and notably alongside two economic powerhouses, Brazil and India! The host of the summit, Italy’s Minister of Culture, stated that the entire European structure and the foundation of Western culture is built upon Greece,’ Mitsotakis stated.
Source: tovima.com
Latest News
Kasselakis Reveals Name of New Party: ‘Movement for Democracy’
Arriving at the venue, Kasselakis greeted his supporters warmly, saying, “You became the movement, and today we become a party.”
PM Mitsotakis on TikTok on ‘Gigabit Voucher’ Program
The "Gigabit Voucher" program will provide an array of benefits for households and small businesses, as Mitsotakis pointed out in his video post.
Presidential Decree Downgrading Art School Degrees in Question
The Council of State has challenged a presidential decree downgrading art school degrees, citing constitutional violations
Stormy Winds and Thunderstorms, as Cold Snap Hits Greece
Special units from the electricity distribution network HEDNO are working to restore damage caused to electric poles after trees fell on them due to the strong gusts in Preveza.
Fitch Ratings Maintains Greece at BBB-; Retains Stable Outlook
Fitch Ratings: Greece's ratings are supported by income per capita levels above and governance indicators in line with the 'BBB' median
Global Citrus Production Declines – Greece’s Outlook
In Greece, specifically, orange prices increased by 30.18% this Sept.
NATO Secretary General Rutte to visit Greece
Former Dutch PM Mark Rutte, the Alliance's new chief will first visit Ankara a day earlier to meet with Turkish leadership
PM Mitsotakis from Naxos: Decarbonization Fund to Facilitate Islands’ Green Transition
“The resources will help connect the islands to the mainland's electricity grid," he noted.
Retail Sales in Greece Up 0.8% in Q4 2024: ELSTAT
Retail businesses in the food and fuel sectors posted a turnover of €6.82 billion in Q3 2024, a 1.2% increase compared to €6.73 billion in Q3 2023
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.