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Price

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Editorial Ta Nea: Hinge

Editorial Ta Nea: Hinge The necessary expansion and improvement of the basket of products for which price increases will be eliminated or limited over the holidays is a measure that offers much needed care and support for families. The basic products include those linked to the Christmas holidays (including toys), but the underlying rationale is […]

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Tanker delays across Turkish straits not due to Russia oil price cap, says official

Tanker delays across Turkish straits not due to Russia oil price cap, says official Disruptions in tanker traffic from Russia’s Black Sea ports to the Mediterranean are a result of a new Turkish insurance rule, not the price cap on Russian oil agreed by a coalition of G7 countries and Australia, an official with the […]

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Russian oil price cap, EU ban aim to limit Kremlin war chest

Russian oil price cap, EU ban aim to limit Kremlin war chest Major Western measures to limit Russia’s oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that […]

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Russia Says Will Not Accept Oil Price Cap

Russia Says Will Not Accept Oil Price Cap Russia has yet to issue a full response to the oil price cap but has said that it would not accept the measure. Credit: Администрация-Волгоградской области wikimedia commons CC BY-SA 3.0 The Russian government has said that it “will not accept” a price cap on its oil. […]

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EU reaches deal on price ceiling for Russian oil

EU reaches deal on price ceiling for Russian oil The EU reached a much-anticipated agreement on Friday afternoon to set a price cap on Russian crude at 60 US dollars per barrel, following several days of intense negotiations between the member-states. The agreement comes in the wake of a G7 decision last September to set […]

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EU imposes price cap on Russian oil at $60 per barrel

EU imposes price cap on Russian oil at $60 per barrel The EU has announced a forthcoming price cap on Russian oil. Credit: Wilfredor / CC0 / via Wikimedia Commons This Friday, the European Union (EU) agreed to introduce a price cap on Russian oil. The decision is intended to punish Moscow for the Russian […]

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EU reaches deal for $60-per-barrel price cap on Russian oil

EU reaches deal for $60-per-barrel price cap on Russian oil The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. After […]

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EU edges closer to $60-per-barrel Russian oil price cap

EU edges closer to $60-per-barrel Russian oil price cap The European Union was edging closer to setting a $60-per-barrel price cap on Russian oil – a highly anticipated and complex political and economic maneuver designed to keep Russia’s supplies flowing into global markets while clamping down on President Vladimir Putin’s ability to fund his war […]

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Greek residential property price recovery picks up in third quarter

Greek residential property price recovery picks up in third quarter A recovery in Greece’s residential real estate market picked up pace in the third quarter, as the economy continued to expand and inflation rose near a three-decade high, central bank data showed on Tuesday. Property makes up a big chunk of household wealth in Greece, […]

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Greek bank stocks’ price targets raised

Greek bank stocks’ price targets raised Alpha Finance, a subsidiary of Alpha Bank, on Monday raised its price targets on shares of Eurobank, National Bank and Piraeus Bank, three of Greece’s largest lenders, maintaining a “buy” rating on them all. The brokerage also raised the sector’s expected 2023 earnings growth by 20%, saying the banks […]

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EU to resume talks on Russian oil price cap Friday evening: diplomat

EU to resume talks on Russian oil price cap Friday evening: diplomat European Union government representatives will resume talks on the level of a price cap on Russian seaborne oil on Friday evening, EU diplomats told Reuters. On Thursday, European Union governments remained split over the level at which to cap Russian oil prices to […]

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EU struggles with Russian oil price cap, talks to resume when positions converge

EU struggles with Russian oil price cap, talks to resume when positions converge European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow’s ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions […]

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Europe’s energy crisis and the ongoing gas price cap debate

Europe’s energy crisis and the ongoing gas price cap debate A potential EU-wide cap on gas prices – an initiative supported by Greece – hangs in the balance even as Brussels circulated a non-paper outlining what this gas price “correction mechanism” could look like. Efi Koutsokosta, the EU Correspondent for Euronews and Skai TV, joins […]

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Business turnover soars in Q3

Business turnover soars in Q3 Price hikes in products and services, as well as the large growth of tourism, boosted business turnover to record highs during the third quarter of this year. In fact, turnover for all businesses both on the three- and nine-month level was quite higher compared to 2019, too – the last […]

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Expensive animal feed hurting livestock farming

Expensive animal feed hurting livestock farming The big jump in the price of animal feed – a global problem resulting from the war in Ukraine – has led Greek livestock farmers to feed their animals as little as possible or having to send their herds for slaughter, while a big drop in the production of […]

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EU to propose natural gas price cap after Nov. 24 meeting

EU to propose natural gas price cap after Nov. 24 meeting The European Commission plans to propose a cap on natural gas prices after November 24, as it seeks to contain an energy crisis stemming from Russia’s invasion of Ukraine, the EU’s energy policy chief told Reuters on Wednesday. The 27-country European Union has for […]

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Greece: European champion in fuel price hikes

Greece: European champion in fuel price hikes Greece has the most expensive unleaded gasoline in the Eurozone and one of the highest diesel prices in the entire Eurozone, while it is in the top positions in liquid fuel prices in the entire European Union. According to data from the European Commission, between October 31 and […]

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Greece threatens to block gas price correction mechanism

Greece threatens to block gas price correction mechanism Greece is prepared to block a European Commission proposal for a gas price “correction mechanism,” set to be presented to the 27 EU states Friday, instead insisting on a firm cap to rein in an unprecedented energy crisis, Kathimerini has learned. The EU’s executive told its 27 […]

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General Strike in Greece on Wednesday Over Price Hikes

General Strike in Greece on Wednesday Over Price Hikes There will be work stoppages in Greek means of public transportation, as employees will also be participating in the nation- wide strike. Credit: PAMEhellas / Twitter Greece will come to a halt on Wednesday, November 9th, as a 24-hour strike has been declared by Greece’s workers’ […]

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Nationwide strike in Greece on Wednesday over price hikes

Nationwide strike in Greece on Wednesday over price hikes Greece will come to a standstill on Wednesday, November 9, as a nationwide strike has been declared by workers’ unions, protothema.gr reports. There will be work stoppages in the means of public transport as the employees will also be participating in the 24-hour strike announced by […]

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German Chancellor says a solution can be found on speculative gas price spikes

German Chancellor says a solution can be found on speculative gas price spikes German Chancellor Olaf Scholz said on Thursday that EU energy ministers still have much work to do but a solution could be found to contain speculative spikes in gas prices. The energy crisis – aggravated by Russia slashing gas supplies to the […]

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Retail price regulations on essential food staples to start on Nov 2

Retail price regulations on essential food staples to start on Nov 2 The “household basket” will be launched from November 2, Alternate Development and Investments Minister Nikos Papathanassis said while speaking to Parapolitika Radio on Tuesday. He said that every week the products of the basket protected from price hikes will change, that quantities will […]

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Steep price rise for properties on the Athenian Riviera

Steep price rise for properties on the Athenian Riviera The highest average asking prices in Greece are recorded in the southern suburbs of Athens, both in the housing market and in renting. During the third quarter of 2022 in the southern suburbs, the average asking price is 3,167 euros, up by 12.7% on an annual […]

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Greek households and business feel the burden of price hikes

Greek households and business feel the burden of price hikes The government, businesses and households are in a conundrum over the wave of price increases that is unfolding in Greece as a result of the international energy crisis. The government may have already allocated almost 7.5 billion euros to date to  limit price increases related […]

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EU leaders avoid deep rift on gas price cap at energy summit

EU leaders avoid deep rift on gas price cap at energy summit European Union leaders struggled to find immediate practical solutions on how to deal with the energy crisis but avoided an open rift between Germany and France on Friday that would have exposed a divided bloc as it confronts Russian President Vladimir Putin over […]

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EU Commission set to propose potential ‘dynamic’ gas price cap

EU Commission set to propose potential ‘dynamic’ gas price cap The European Commission is set to propose this week a last-resort “dynamic” price cap for natural gas in the European Union and mandatory limits on the degree to which traded prices can fluctuate in a single day, according to a draft proposal. The EU is […]

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Oil is a safer choice for Greek consumers, says energy expert

Oil is a safer choice for Greek consumers, says energy expert The price of natural gas has skyrocketed due to the energy crisis, with many consumers turning to oil. Orestis Omran, lawyer and expert in energy matters, spoke on MEGA channel, about whether Greece is ready to face the difficult winter ahead. As he pointed […]

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Heating fuel: premiere with 1.33-1.38 euros per litre price range

Heating fuel: premiere with 1.33-1.38 euros per litre price range By Christos Kolonas Heating fuel hit the market today with prices lower than original projections. According to OT’s source, HELLENiQ ENERGY refineries (formerly Hellenic Petroleum, or HELPE), has decided to offer an additional discount of 75 euros (including VAT) per 1,000 litres to commercial petroleum […]

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Skrekas calls for EU gas price ceiling

Skrekas calls for EU gas price ceiling A cap on wholesale gas prices is the best option for dealing with the huge price fluctuations in the natural gas market, Environment and Energy Minister Kostas Skrekas reiterated at a meeting of the informal Council of European Energy Ministers held on Wednesday in Prague, while stating that […]

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EU closer to Greek views on gas price

EU closer to Greek views on gas price Seven months passed between Prime Minister Kyriakos Mitsotakis’ letter to the European Commission last March 7 asking for a cap on natural gas prices to Commission President Ursula von der Leyen’s letter to the heads of the 27 EU members’ governments asking them to consider applying such […]

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