x

Economy

Greece Will Continue State Subsidies for Soaring Electric Bills

ATHENS – Prime Minister Kyriakos Mitsotakis assured Greek households and consumers that his New Democracy government would keep up subsidies for staggering electric bills at least through May.

Bills have nearly doubled in a year and gas prices have also skyrocketed, with Mitsotakis again pushing the European Union to jump in to help out because all the 27 countries in the bloc are affected.

During a visit to the liquefied natural gas (LNG) terminal on the island of Revithoussa near Athens, he said that his government’s priority is helping people deal with bills that many can’t pay.

“We are facing an unprecedented situation with the explosion in gas prices. This problem is imported and concerns the whole of Europe and that is why I have personally fought for a pan-European answer,” he said, reported Kathimerini.

“The government is committed to continuing to support energy consumers through a subsidy scheme that will continue next month,” he said, not indicating if it would go beyond that as it’s costing some 500 million euros ($541.88 million) monthly.

“I want all Greeks to know that the Greek government is ready to take significant additional measures to absorb as much of the increase in electricity bills as possible allowed by the budget margins,” he also said.

RELATED

ATHENS - The United States has a strong and historic relationship with Greece because it trusts it to act in a reliable way, US Ambassador George Tsunis said on Tuesday, at the first press briefing held after meeting with Foreign Minister Nikos Dendias earlier in the day.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

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.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Pentagon Says More High-Tech Weapons Going to Ukraine

WASHINGTON — Nearly 50 defense leaders from around the world met Monday and agreed to send more advanced weapons to Ukraine, including a Harpoon launcher and missiles to protect its coast, Defense Secretary Lloyd Austin told reporters.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

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