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considering

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Greece crafts response to Turkish moves

Greece crafts response to Turkish moves Greek officials are considering their response to the signing of a hydrocarbons exploration agreement between the Tripoli-based Libyan government and Turkey. Athens considers the agreement could have implications on its sovereignty as it is based on the contested Turkish-Libyan memorandum, signed in 2019, which delimits the two non-neighboring countries’ […]

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EU considering ‘flexibile’ gas price cap, energy chief says

EU considering ‘flexibile’ gas price cap, energy chief says The European Commission is considering versions of a gas price cap including a possible temporary “flexible” limit on the Dutch Title Transfer Facility price, the EU’s head of energy policy said on Tuesday. “One way forward would be to consider a flexible pricing limitation in relation […]

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Banks ponder selling ATMs

Banks ponder selling ATMs Banks are now considering the sale of their networks of ATMs located away from branches, in an attempt to further reduce operating costs. These are the so-called off-site automatic teller machines – i.e. those placed outside the banking network, such as in department stores, supermarkets etc, but also in remote places […]

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ElvalHalcor may switch from natural gas to LPG

ElvalHalcor may switch from natural gas to LPG Greece-based aluminum and copper producer ElvalHalcor is considering switching from gas to another fuel, such as liquefied petroleum gas (LPG), to help cut its rising energy bill, it said on Wednesday.  ElvalHalcor has plants in Greece, Bulgaria, Turkey and the Netherlands, and exports the vast majority of […]

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UAE funds looking to invest in Greece

UAE funds looking to invest in Greece Greece and the United Arab Emirates are considering dozens of investment projects. The relationship has gone a long way since they signed, less than a year ago, a declaration on a joint partnership and a cooperation agreement on foreign policy and defense issues. The Greek side gives priority […]

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Solving the subsidy puzzle

Solving the subsidy puzzle The government is considering two sets of handouts: one for the rest of the year, which will be dealt with through the supplementary budget, and one for 2023, which also happens to be an election year. The trouble is that the spending list keeps growing. And if the government claims that […]

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New tourism campaign launched: ‘Greece: You will want to stay forever!’

New tourism campaign launched: ‘Greece: You will want to stay forever!’ Anyone considering visiting Greece for a holiday needs to think twice as once they’re in Greece, they may want to stay forever. That’s the central theme in a new campaign for Greek tourism, launched by the Greek National Tourism Organization on Monday. A video for […]

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Dev. Min.: The government is considering the extension of the fuel pass

Dev. Min.: The government is considering the extension of the fuel pass The possibility of extending the fuel pass is being considered by the government, as stated by the Minister of Development and Investment, Adonis Georgiadis, in an interview today, on the radio station “REAL FM”, while regarding the checks carried out on fuel prices, […]

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Greece mulls intervention in power prices as energy crisis deepens

Greece mulls intervention in power prices as energy crisis deepens Greece is considering measures to curb soaring electricity prices and mitigate the impact on consumers if the European Union does not take action on the issue soon, Greek government spokesman Yiannis Oikonomou said on Monday. Russia’s invasion of Ukraine exacerbated the surge in gas prices, […]

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VAT reductions on essential food products mulled by Greek government

VAT reductions on essential food products mulled by Greek government The Greek government is considering a surgical reduction of value-added tax on food products that make up a large part of the shopping basket of vulnerable households, while at the same time submitting a supplementary budget for 2022 to include extra spending to the tune […]

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VAT reductions on food products mulled

VAT reductions on food products mulled The Greek government is considering a surgical reduction of value-added tax on food products that make up a large part of the shopping basket of vulnerable households, while at the same time submitting a supplementary budget for 2022 to include extra spending to the tune of 2 billion euros. […]

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Gas storage in Bulgaria and Italy

Gas storage in Bulgaria and Italy Greece’s Energy Ministry is considering natural gas storage in Italy and Bulgaria to ensure sufficient supplies for the 2022-23 winter season. The European Commission requires all European Union member-states without gas storage to secure agreements with countries that do have storage by November 1 this year, for quantities equivalent […]

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Elon Musk Hints at Creating New Social Media Platform

Elon Musk Hints at Creating New Social Media Platform Elon Musk is considering creating his own social media platform. Credit: Daniel Oberhaus / Wikimedia Commons / CC BY 4.0 Billionaire Elon Musk is considering creating his own social media platform after expressing his own concerns about free speech on Twitter. The Tesla and SpaceX CEO […]

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Petsas: ‘No thought’ of changing electoral law

Petsas: ‘No thought’ of changing electoral law The Greek government is not considering changing again the country’s electoral system which is based on proportional representation and will apply in the next general election which are set to be held by 2023. “There is not a single thought or any preparation at the Interior Ministry to […]

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Biden Warns Russia is Considering Using Chemical Weapons in Ukraine

Biden Warns Russia is Considering Using Chemical Weapons in Ukraine US President Joe Biden warned that Russia is considering the use of chemical weapons in Ukraine. Credit: Gage Skidmore, via Wikimedia Commons/CC BY-SA 2.0 US President Joe Biden issued one of his strongest warnings yet on Monday that Russia is considering using chemical weapons in […]

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Economou: The government is considering every available tool to support citizens

Economou: The government is considering every available tool to support citizens The government is considering the use of every tool at its disposal in the face of “unprecedented high prices,” government spokesperson Yiannis Economou said on Friday, in an interview published newsbomb.gr. “The difficulties are huge. Whatever one does, there is this sense, [that] many […]

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EU considering joint bond sales to counter Ukraine fallout, Bloomberg reports

EU considering joint bond sales to counter Ukraine fallout, Bloomberg reports The European Union is considering joint bond sales to finance energy and defense spending to counter the fallout from Russia’s invasion of Ukraine, Bloomberg reported on Tuesday.  The proposal may be presented after the EU’s leaders hold an emergency summit in Versailles, France, March […]

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EU considers looser state aid rules for firms hit by sanctions

EU considers looser state aid rules for firms hit by sanctions The European Union is considering loosening state aid rules for companies affected by EU sanctions against Russia over Ukraine and the bloc’s competition regulators are looking at various support measures, the European Commission said on Monday. The EU executive set a precedent two years […]

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Ukraine War: Worst-Case Scenario

Ukraine War: Worst-Case Scenario When considering how fluid and fast-moving the situation has become in Ukraine, the possibility of the worst-case scenario materializing, or something bordering on it, remains within the realms of reality and the possible. Predictive analysis grows increasingly more unpredictable and daunting. Should cooler heads prevail, the situation may be contained and […]

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Gas subsidy on the cards

Gas subsidy on the cards The government is considering the concession of a natural gas subsidy this winter in order to ease the pressure on households from the fuel’s soaring rates, which just before the start of the winter season are twice last year’s. The Environment and Energy Ministry appears to have examined the idea […]

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Banks ponder negative interest rates

Banks ponder negative interest rates Greek banks are considering the scenario of imposing negative interest on large deposits by corporations, due to the high cost that excess liquidity in the economy entails for them. The continuing increase in deposits, which according to Bank of Greece data grew by 1.5 billion euros in August, will likely […]

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Extension for ENFIA dues?

Extension for ENFIA dues? The government is considering allowing property owners to delay the first monthly tranche of the Single Property Tax (ENFIA) from September to October in order to help taxpayers meet their obligations and prevent a fresh wave of unpaid taxes. Finance Minister Christos Staikouras told state broadcaster ERT that the ministry is […]

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Solution sought for soaring electricity rates

Solution sought for soaring electricity rates The Environment and Energy Ministry is considering a series of measures to offset the effects of rising electricity prices on vulnerable consumers. Decisions will be finalized within the week and will be announced by Prime Minister Kyriakos Mitsotakis at the Thessaloniki International Fair. According to the Independent Power Transmission […]

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Energy Min considering measures to offset effect of rising electricity prices

Energy Min considering measures to offset effect of rising electricity prices The Environment and Energy Ministry is considering a series of measures to offset the effects of rising electricity prices on vulnerable consumers. The final decisions will be finalised within the week and will be announced by Prime Minister Kyriakos Mitsotakis at the Thessaloniki International […]

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Early bilateral loan payment

Early bilateral loan payment The Finance Ministry is considering the early repayment of a section of the bilateral loans Greece had received in the context of the first bailout in 2010, according to sources. The plan is still in the early stages, but has returned to the fore after Wednesday’s successful dual market foray with […]

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Plans to start charging admission to Olympus

Plans to start charging admission to Olympus The Environment Ministry is reportedly considering charging an entrance fee for visits to the Mount Olympus National Park in central Greece, in line with many other European Union countries as far as protected areas are concerned. Currently in Greece the measure has only been implemented at the Samaria […]

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Biden considering Democratic fundraiser George Tsunis for Greece ambassador

Biden considering Democratic fundraiser George Tsunis for Greece ambassador US President Joe Biden is considering nominating Democratic fundraiser George Tsunis, founder and CEO of Chartwell Hotels, to serve as ambassador to Greece, according to the person familiar with the White House deliberations. Tsunis was nominated by Obama in 2013 to serve as ambassador to Norway, […]

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WHO Cautions Against Third Coronavirus Booster Shot

WHO Cautions Against Third Coronavirus Booster Shot The Greek government is considering offering perks to citizens who get vaccinated for Covid-19. Credit: Greek Reporter WHO officials came out against a third coronavirus booster shot at at time when some are increasingly worried about the Delta variants and their immunity against such mutations of the virus. […]

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Discounts mulled for vaccinated commuters

Discounts mulled for vaccinated commuters The Transport Ministry is considering the resumption of the discount programs that were in place before first quarantine for the holders of monthly, two-month and six-month unlimited public transport travel cards for vaccinated members of the public. “We are thinking, because we are also seeing the rise of the Delta […]

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EU mulling €3.5 bln migrant support package for Turkey

EU mulling €3.5 bln migrant support package for Turkey The European Union is considering 3.5 billion euros for Turkey to continue hosting Syrian refugees until 2024, two diplomats said on Wednesday, part of a bigger regional refugee support plan to stop migrants reaching the bloc. The total €5.77 billion package for Turkey, Jordan, Lebanon and […]

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