Greece, Bulgaria Energy Deals Include Hydrogen, Renewable Sources

ATHENS – Advancing further towards the utilization of greener energy sources, including sustainable and renewable supplies, Bulgaria and Greece have jointly agreed to pursue the development of hydrogen technologies.

On Thursday, January 18, 2024, the Ministry of Energy of Bulgaria and the Ministry of Environment and Energy of Greece signed a memorandum of understanding (MoU), establishing a framework for collaboration over the next three years, as reported by Renewables Now. The agreement encompasses various initiatives, such as increasing the transmission capacity of national electricity and gas distribution networks, expanding hydrogen transmission networks, and enhancing cross-border capacity in response to market demand.

Additionally, the two countries will collaborate on building cross-border infrastructure to facilitate real-time production, transmission, and consumption of hydrogen and renewables, according to the report.

Greece has been shifting its focus towards wind and solar power while reducing reliance on Russian supplies. This transition comes in light of Russia’s invasion of Ukraine, which caused market prices to surge and prompted a resurgence in the use of coal-fired plants for electricity generation.


ATHENS - If the Bank of Greece did not operate under the protection of the institutional framework of independence, after what happened in 2015, the country would have perhaps left the eurozone, Bank of Greece (BoG) governor, Yannis Stournaras, said on Saturday during the Kathimerini conference in a panel titled: "In the next 50 years, is Democracy safe?" Is Greece reformable?" "Who doubts that if it wasn't for the Bank of Greece, we might not be in the euro after the adventure of 2015?" he said.

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