x

Politics

Commission Approves €800 Million Greek Scheme to Support Non-Household Electricity Consumers

BRUSSELS – The European Commission has approved an 800-million-euro Greek programme to support non-household electricity consumers in the context of Russia’s war against Ukraine, under the temporary state aid crisis framework.

The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022 and amended on 20 July 2022, based on Article 107(3)(b) of the Treaty on the Functioning of the European Union (‘TFEU’), recognising that the EU economy is experiencing a serious disturbance.

Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Russia’s unjustified war of aggression against Ukraine continues to negatively affect the EU and the Greek economy. The 800-euro million scheme approved today will enable Greece to support affected sectors and companies, in particular the smaller ones, by ensuring that sufficient liquidity remains available to them. We continue to stand with Ukraine and its people. At the same time, we continue working closely with Member States to ensure that national support measures can be put in place in a timely, coordinated and effective way, while protecting the level playing field in the Single Market.”

(ANA-MPA / M. Aroni)

RELATED

ATHENS - With Greece being a hotspot tourist destination in 2023 and people traveling with the waning of the COVID-19 pandemic, the country’s hotels experienced a 23% increase in turnover, raking in €10.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Fire Breaks Out at Apartment Building Near the Offices of TNH (Vid & Pics)

LONG ISLAND CITY, NY – A fire broke out in an apartment building about a block from the offices of The National Herald in Long Island City on February 21.

NEW YORK - Charles H. Dallara, the former Managing Director of the Institute of International Finance (IIF) and a central figure in the 2012 restructuring of Greece's debt, has penned what Nick Gage describes as a "riveting narrative" of those tumultuous times.

CULVER CITY, Calif — President Joe Biden said Wednesday that while a college degree was still a ticket to a better life, that ticket is often too expensive, as he announced he was canceling federal student loans for nearly 153,000 borrowers.

XINJIANG  - Chinese police are investigating an unauthorized and highly unusual online dump of documents from a private security contractor linked to the nation's top policing agency and other parts of its government — a trove that catalogs apparent hacking activity and tools to spy on both Chinese and foreigners.

WASHINGTON — Donald Trump's legendary ability to raise massive sums of political cash may be on a collision course with a new and unpleasant reality.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.