The vital role played by small-scale fishing for the Greek economy and regional prosperity, as it represents more than 90% of Greek-flagged vessels, will be mentioned by the Minister of Rural Development and Food, Lefteris Avgenakis, at the informal Council of Ministers of the European Union that begins today in Vigo, Spain.
At the same time, he will talk about the serious issues facing the Mediterranean countries, with sea bass and lionfish, and will propose that this specific issue be one of the main topics of discussion at the next meeting.
Need to shield financial viability of the fishing fleet
One issue that the competent minister will focus on is the need to protect the economic viability of the European Union’s fishing fleet, in the context of which he will highlight the importance of better understanding and respect for the social and economic impacts of the affected productive entities on a case-by-case basis at the level of a member state , before adopting new measures or policies.
Mr. Avgenakis will finally emphasize the need for institutional changes in order to achieve the European Union’s decarbonization goal, including a review of the capacity ceilings set in the Common Fisheries Policy.
Latest News
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%