Power market changes afoot
The large penetration of renewable energy sources and the changes it has brought to Greece’s electricity system are bringing structural shifts in the relationship between consumers and electricity.
Cutbacks on fireproofing measures
Fire prevention measures imposed on homeowners with properties inside or near forests will be scaled back on the first summer of their implementation.
Tourism Ministry offers assurances over bankrupt German tour operator
Greece is doing everything in its power to assure the return of foreign travelers who came to the country with tour operator FTI, the Tourism Ministry said on Monday, hours after the German firm filed for bankruptcy.
Home buyers stuck in a rut
Most aspiring Greek homeowners are finding it increasingly difficult to find a property they can afford.
Cyprus braces for extreme heat and high fire risk
The Cyprus Meteorological Service has issued a yellow warning for extreme high temperatures on Tuesday, with inland temperatures expected to soar to around 42 degrees Celsius (108 degrees Fahrenheit).
Cyprus GDP grows
Cyprus’ real GDP grew by an annual 3.5% in the first quarter of 2024, and by 3.4% in seasonally adjusted terms, with the construction sector recording the highest both annual and quarterly percentage gains, according to data released by the Statistical Service of Cyprus
Electricity rates set to soar this month
June is seeing major hikes in the “green” electricity rates, after the wholesale price jumped in May.
Agiokampos dam contract signed
The contract for the project “Construction of Reservoir at Agiokampos-Livadotopos Site” in Larissa, with a budget of 19.1 million euros, was signed in the presence of Minister of Infrastructure and Transport Christos Staikouras, on Saturday.
Grivalia Hospitality continues to expand offerings
In One & Only Aesthesis, a project worth €300 million in Glyfada which began operation in late 2023, occupancy in the summer is 100%.
Fake news reports and videos seek to undermine the Paris Olympics
With its athletes barred from competing in the Summer Olympics under the country’s flag, Russia has turned its fury on the Games and this year’s host, Paris.