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
Wine Tourism Emerges as a Promising Asset for Greek Tourism
"When visitors return to their home countries and see a Greek wine in the market, they will remember it and buy it. Essentially, we have 33 million potential ambassadors for our wine"
CERN: Greek Prof. Elected as Next President of its 2-Year Council
Prof. Costas Foudas, who heads the high physics group at the University of Ioannina, will assume the prestigious post of president of the CERN council, for the 2025-27 period
Piraeus Port Authority Posts Vibrant 1H 2024 Results
Total revenues for the January-June 2024 period reached 107.1 million euros, compared to 102.4 million euros in the corresponding period of 2023
Risk of Poverty Up in Greece, According to Stats Authority
A risk of poverty, not actual poverty, threatens 18.7% of the population in 2023, an increase from 17.4 % the previous year
ELSTAT: Rising Living Costs in Greece, Avg. Spending Up 5.3% 2023
The highest average annual expenditure was recorded in the Attica region, amounting to 23,325.96 euros, while the lowest was in Central Greece, at 14,052.24 euros.
One in Four Greek Businesses Violate Minimum Wage Law
The government instituted an additional 40-euro pay rise to employees earning the minimum wage in Greece last April
Study: Six Greek Companies Among Europe’s Best Workplaces in 2024
This recognition highlights the growing influence of Greek businesses at a European level, leading the way in creating great workplaces for all
Greece Faces Worst Talent Retention Crisis in Years
According to research by the ENA Institute, over 280,000 economically active people left Greece between 2019 and 2022
Where €250,000 Can Still Get You a Greek Golden Visa
The cost for a Golden Visa jumped from €250,000 to as high as €800,000 on September 1, but there are still some ways for third country nationals to get a lower-cost Golden Visa
IRIS: Deadline Approaches for Freelancers to Register
It should be noted that there is a daily 500 euros transaction limit via IRIS per customer with this limit not applying to the total payments a professional can receive in a 24-hour period.