
The Greek Minister of Development and Investment, Adonis Georgiadis, spoke on MEGA channel about the energy crisis and the support measures for households and businesses.
Georgiadis spoke about Russia’s decision to close the gas pipeline, creating repeated problems for the European economy and energy.
“Europe and Greece are entering the most difficult winter since 1942. Εveryone will try to find an alternative way of heating their home for the winter. Oil is currently 6 times cheaper than gas. Putin is using gas as a weapon against Europe, he is not only attacking Ukraine, he is an enemy of the EU. All European citizens should know that we are in an economic, commercial, energy war with Russia, and we should take measures against the energy crisis,” he said.
“There will be an immediate public information campaign by the Ministry of Environment and Energy on how to move this winter so that we can reduce this huge damage to our economy and our pockets from Putin’s energy war in Europe. We must bear in mind that we should not spend electricity in the way we did in the past. Electricity is now too expensive,” he continued.
“In Greece, after the government’s interventions on energy, we have not yet understood how expensive electricity is. What we see in our bills is what the state pays. We all have to work now, with electricity saving in mind. There is no doubt that the Greek government will continue to support the citizens. The economy is doing very well, better than all European countries, we have a triple record in investment and tourism, our best performance in the history of our country,” Georgiadis said.
On the reduction of the excise tax on fuel, Adonis Georgiadis said that “Our policies will be targeted to those in need, and there will not be general measures. The next few months will be difficult, and we will have to work wisely. We don’t have money to spend, we have a specific budget, we have fiscal targets to implement. The measures that the government will take will be announced by the Prime Minister at the TIF, and we will help all citizens in need.”


Latest News

Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.

Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”

Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.

Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.

Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.

Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)