Prime Minister Kyriakos Mitsotakis announced a bold subsidy to the price of natural gas “both from the companies and from the state budget” from the 86th Thessaloniki International Fair.
The goal of the intervention is a “relatively reasonable” price for natural gas, the price of which for consumers will be much lower than its commercial price.
“We also look forward to the European decisions”, Kyriakos Mitsotakis added, noting that Greece was the first to propose imposing a ceiling on the price of natural gas. “Not only in Russian gas, but on the TTF as a whole,” he said. He noted that through the framework established in the summer, more than 1 billion euros have been recovered from the energy companies, while the Commission seems to be moving towards a similar mechanism.
It is noted that with the Greek mechanism, excess profits are recovered from electricity producers and are directed to the Energy Transition Fund, from where they are drawn as subsidies and targeted support to consumers.
Regarding electricity, the prime minister explained that a way of subsidizing is being considered to keep prices low, but at the same time to give an incentive to save as it is imperative to reduce consumption.
Kyriakos Mitsotakis argued that Greece has one of the lowest electricity prices including VAT in Europe, speaking of a “distortion of reality” by the official opposition.
He also announced an intervention “at the pump” in order to reduce the price of heating oil and thus provide an incentive to use this fuel instead of natural gas. The heating allowance will be extended to 300 million euros.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Fitch upgrades Greece to BB+; outlook stable
The ratings firm also listed the outlook as “stable”
Economist political editor Peet: Risk of Turkey moving towards dictatorship
Peet spoke in the wake of a particularly critical cover story focusing on Turkey in the recent Economist issue
Annual consumption of petroleum products in Greece mostly unchanged in 2021 from 2020
Heating oil drops
Rising costs of construction materials threaten Greek real estate sector
The development threatens to dampen or even freeze the construction of all types of new buildings
No confidence vote against Mitsotakis gov’t fails to pass; majority bloc unscathed
Voting against the motion were deputies of center-right New Democracy
Bank of Greece: €3.486 billion increase in funding flow in December
Increase in loans to businesses but not to individuals
In 2023, direct flights from the USA will bring more than 1 billion euros revenues to Greece
So far, 56 flights per week have already been announced from the US and Canada
Morgan Stanley: Continuation of the “rally” of Greek banks
What it predicts for profitability and dividends
Greek PM Mitsotakis’ meeting with the executive director of the ESM
During the meeting special reference was made to the high growth rates, resilience and upward dynamics of the Greek economy
Greek power demand down for sixth straight month
What do the data processed by the Independent Power Transmission Operator show?
