The Cypriot government approved on Wednesday a proposal by the Minister of Agriculture which provides for the government to buy large quantities of grain in preparation for expected shortages stemming from Russia’s invasion of Ukraine.
Before its forces invaded Ukraine, Russia provided 1 out of every 10 barrels of oil the world consumed. But as the United States and other customers shun Russian crude, the global oil market faces its greatest upheaval since the Middle East tumult of the 1970s.
A geophysical survey carried out in the northern part of the Ionian Sea to assess natural gas reserves has concluded successfully, the Hellenic Hydrocarbon Resources Management (HHRM) company announced.
Athens-listed Jumbo Group on Tuesday said its 2021 sales rose 19.87%, totaling 832 million euros. EBITDA jumped 46% to €305 million compared with 2020.
Stock markets across Europe recorded a technical rebound on Wednesday after the major slump of the previous days, with Athinon Avenue following suit to see its benchmark recover all of the ground lost on Tuesday, and then some.
With the Russian invasion of Ukraine testing the resilience of the Greek economy on all levels, the government plans to introduce a series of initiatives to shield the economy, in the short and long term, starting with local authorities.
It is very difficult to say how the war in Ukraine will end and how long it will last. It is purely a question of endurance, of who will last longer.
The method of a bloodless defense which has correctly been chosen by Europe in the war in Ukraine, using its economic power, cannot turn European households into collateral damage.
A barrage of problems in the market – with the lockdowns, continued restrictions, rising energy costs, price hikes and now the war in Ukraine – are prompting the government to further ease the pressure on companies that have benefitted from the cheap state loans named “Deposit To Be Returned” and have the dues repaid in…
Greece is running five operations to evacuate Greek citizens, their relatives and other nationalities from Odessa, Kiev and Mariupol on Greek-owned ships, a Foreign Ministry spokesperson said on Wednesday.