x

Politics

Oikonomou: 80% of Higher Electricity Tariffs to Be Covered by the State

September 12, 2021

THESSALONIKI — "80 percent of the impending increase in electricity tariffs will be covered by the state," government spokesman Giannis Oikonomou said on Sunday in an interview with Skai TV, referring to the measures announced by Prime Minister Kyriakos Mitsotakis at the Thessaloniki International Fair (TIF).

He clarified that the subsidy concerns all Public Power Corporation (PPC) tariffs, noting that private power companies will be forced to follow because otherwise they will lose customers. "And of course this will also trigger competition among companies so that in many cases the absorption of price increases can be much greater," he added.

He also noted that there will be a 20 percent increase in the heating allowance.

The government spokesman stressed that the package of measures exceeds 3.5 billion euros and the most important thing is that taxes are reduced and incomes are increased. "A shield is provided for what has happened and what may be repeated. And of course it gives very important motivation to the new generation to become the protagonist again through education, work, the use of technology, life in general in the changing country," he said.

RELATED

ATHENS - The New Democracy's ballot paper was presented at a special event at the Athens Auditorium on Monday.

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

New York Greek Independence Parade Honors 1821 and Grim Anniversary for Cyprus (Vid & Pics)

NEW YORK – The New York Greek Independence Parade on Fifth Avenue, commemorating the 203rd anniversary of the Greek Revolution of 1821, was held in an atmosphere of emotion and pride on April 14.

NEW YORK  — The historic hush money trial of Donald Trump got underway Monday with the arduous process of selecting a jury to hear the case charging the former president with falsifying business records in order to stifle stories about his sex life.

ATHENS - The New Democracy's ballot paper was presented at a special event at the Athens Auditorium on Monday.

JERUSALEM  — Israel’s military chief said Monday that his country will respond to Iran’s weekend attack, but he did not elaborate on when and how as world leaders urged Israel not to retaliate, trying to avoid a spiral of violence in the Middle East.

FRANKLIN, TN – After the amazing success of first two Annual Greek Adoptee Reunions in Nashville, TN, in August 2022 and in their homeland of Greece in October 2023, Greek-born adoptees are poised to converge on Louisville, KY, for the Third Annual Greek Adoptee Reunion, June 20-22.

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.