
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 a ceiling on Russian crude, eyed as one way to restrict revenues funneled into Putin-led Russia amid the Kremlin’s continued invasion and attacks in Ukraine.


Latest News

Greece moves up 9 spots in EIU’s Democracy Index; now in 25th place out of 167 countries
The country’s overall score rose to 7.97 last year, up from 7.56 in 2021, which placed Greece in 25th place

Reports: Ellington withdrawing from Attica Bank; Thrivest to participate in share cap increase
Ellington’s head of operations in Greece on Thursday resigned from the ATHEX-listed lender’s board of directors

Draft amendment aimed to prevent party formed by imprisoned GD cadre from vying in next election tabled
The draft bill is expected to land on Parliament’s floor on Tuesday

Covid-19 Greece: Public health officials point to decreased number of hospitalizations; slight hike in related fatalities
The number of intubated patients totaled 135, down from 153 in the third week of February.

Large industrial property in east Thessaloniki sold for 9.237 mln€ in auction
Total arrears – dating back to 2010 - owed to 225 former employees of the insolvent company total 11.5 million euros

Alpha Bank raises 400 mln€ from Tier 1 issue
The issue was oversubscribed by 5.7 times

Eurostat: Jan 2023 inflation rate in Greece at 7.2%; 8.5% for Eurozon
Energy prices rose by 17.2 percent in the Eurozone

Air force confirms fatality of second pilot of F4 that crashed into sea on Mon.
A terse announcement said search and rescue operations have been concluded, with the collection and analysis of findings confirming the fatality

Jobless rate in Greece falls to 11.6% in Dec. 2022, from 12.6% a year earlier
Figures announced by Greece’s statistics authority (EL.STAT)

4.1R quake felt in Thessaloniki area
The tremor was felt in the greater Thessaloniki area.