Given that the effects of the war will be great and that no one knows when the Russian invasion of Ukraine will end, the government is deploying all the tools at its disposal to tackle the energy and, by extension, economic crisis.
The country is walking into a minefield of inflation caused by the war in Ukraine. However, the country’s paid off its debt to the International Monetary Fund and the chapter of enhanced supervision by European Union institutions is also closing.
Prime Minister Kyriakos Mitsotakis has called for a joint EU response to the energy crisis, saying the bloc should decouple European electricity and gas prices.
Greece is set to emerge this summer from the enhanced surveillance status it has found itself in since the end of the bailout period in 2018, European Commission Vice President Valdis Dombrovskis suggested on Friday, noting that the country is well on its way to that milestone.
Inflation in Cyprus soared to 7.1% in March 2022, continuing its upward trend for the 12th consecutive month.
Greek authorities announced 12,518 new cases of coronavirus and 50 fatalities in the past 24 hours Saturday.
Russia has complained to Turkey over its sale of Bayraktar TB2 armed drones to Ukraine, a high level Turkish bureaucrat said on Friday, but added the sales were by a private Turkish company and not state-to-state deals.
Foreign Minister Nikos Dendias on Saturday rejected the idea that the EastMed pipeline is dead at the Delphi Economic Forum, replying to a statement to that effect by Under Secretary of State for Political Affairs of the United States Victoria Nuland during her visit to Athens earlier this week.
Τhe Tourism Ministry and Google announced a new partnership on Friday for accelerating the sustainable transformation of the Greek tourism industry, in the context of the Delphi Economic Forum. It includes a new training program for small and medium-sized tourism enterprises, in collaboration with the Global Sustainable Tourism Council (GSTC).
HALCs Executive Director Endy Zemenides joins our host Thanos Davelis to discuss Under Secretary of State Victoria Nuland’s trip to Turkey, Greece, and Cyprus, which unfortunately was marked by a major gaffe Nuland make while in Cyprus – where she referred to the Turkish Cypriot leader as “president.”