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Record year for Greek tourism raises concerns about sustainability
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EconomyFeaturesGreece received record numbers of visitors and income from tourism in 2023, marking a remarkable comeback from the lean years of the pandemic – but, beneath the surface, the figures give some cause for concern.
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PBO draws attention to effects of climate crisis on public finances
EconomyThe Parliamentary Budget Office (PBO) has published its quarterly report, in which it confirmed that - based on data for the first half of 2023 - the Greek economy is on course to reach its growth outlook, although natural disasters over the recent months have clouded the growth and fiscal outlook.
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PM pledges another billion for energy bills as govt retreats over environment bill
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has pledged to pull out all the stops to help households deal with high energy bills, although it is not clear that the relief measures are having the desired effect in terms of winning over public opinion.
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Fire on outskirts of Athens puts PM's crisis strategy under scrutiny
PoliticsGreek PoliticsA large wildfire on the outskirts of Athens broke out on Tuesday, piling fresh pressure on the centre-right government and all but killing off the prospects of snap elections later this year.
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Scant recognition of energy crisis in draft climate law, but EU package may force tougher targets
PoliticsGreek PoliticsGreece’s first climate law made its way to Parliament this week, with only minor changes in light of public consultation and the unfolding energy crisis. The legislation was tabled on the same day that the European Commission presented its REPowerEU package aimed at cutting dependence on Russian fossil fuels.
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PM set to prolong coal use, sparking complaints about energy policy U-turn
PoliticsGreek PoliticsA decision to prolong the use life of several coal-burning power stations has put Prime Minister Kyriakos Mitsotakis on the spot, as opposition parties accuse him of being personally responsible for the energy crisis he is purporting to address.
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From the National Energy and Climate Plan to COP26: What has Greek climate policy learned?
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SocietyA lot has happened in the two years since Kyriakos Mitsotakis, freshly elected as Greek PM, took to the stage at the UN General Assembly in 2019 to launch “a new, ambitious, national strategy on energy and climate change” for Greece, a strategy which was outlined and quantified in the National Energy and Climate Plan adopted a few months later.
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Against backdrop of growing energy challenges, PPC capital raise stirs reaction
PoliticsGreek PoliticsAlthough Prime Minister Kyriakos Mitsotakis and his aides have been meeting with investors in New York, the headlines in Friday’s newspapers were dominated by the news that the state-controlled Public Power Corporation (PPC) is launching a capital raise that will lead to the country’s main electricity supplier becoming majority-owned by the private sector.
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Mitsotakis, Erdogan keep distance at UN as summer moratorium draws to close
PoliticsForeign PolicyThe annual gathering of world leaders in New York within the framework of the United Nations’ General Assembly is always seen as a fine opportunity by every government to inform the international community on the challenges it faces, the vision and its strategy especially on issues related to its foreign policy.
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Short-term fix for electricity bills leaves open questions for green transition strategy
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SocietyGreek households are being warned about the possibility of steep hikes in their electricity bills this winter, as the government scrambles to cushion the effects of inflation across a range of basic goods.