Even with his 35-room beach-front hotel on the Greek island of Tilos close to fully booked, owner Michalis Kipraios worries his business might not “survive” sky-rocketing electricity bills, as the war in Ukraine drives up energy prices around the world.
Greece is one of the top five countries in the Organization for Economic Cooperation and Development (OECD) in value-added tax charges and the first in the eurozone, together with Finland.
The Cyprus Securities and Exchange Commission (CySEC) is introducing additional controls for cross-border services, and announced that investor protection will be strengthened.
Fresh evacuation orders were issued on Monday for the residents of Visa and Stavros on the eastern Aegean island of Lesvos as western winds threatened anew the two villages.
Greece will extend subsidies to power bills at a cost of more than 1.1 billion euros in August to support households and businesses amid a spike in energy prices, Energy Minister Kostas Skrekas said on Monday.
A silent wine revolution has been taking place in Greece in recent years as old native grape varieties, which for decades were supplanted by the fashion and convenience of French varieties, are now being cultivated again.
Universities will expel students if they exceed the set period of time necessary to complete their degree by two or three years, depending on the respective governing board, according to a law passed by the Education Ministry last week.
Fire Service and municipal crews dug firebreaks outside evacuated villages on the Greek island of Lesvos early Monday halting a wildfire that had threatened scores of homes, authorities said.
Police in North Macedonia have found 86 migrants, including minors, crammed into a truck with an attached trailer in the southern part of the country and arrested the truck driver.
For the first winter in many decades the citizens of Greece and the rest of Europe will not be able to take electricity and natural gas for granted this year.