Calamos Supports Greece

Fuel

Greece to Use Lignite Again as Fuel Alternative Due to Energy Crisis

Greece is planning to ramp up the use of lignite as an alternative power source to natural gas, which has become extremely expensive in the wake of the war in Ukraine. Lignite, or brown coal, is formed from naturally compressed...

EU Issues Guidance on Russian Gas Payments in Rubles

The European Union has softened its stance on the purchase of Russian gas and oil, as it released a series of guidelines for European companies to purchase fuel from the country and avoid breaching sanctions on Monday. The bloc proposed...

Inflation in Greece Soars by 7.2% Following Rise in Electricity, Fuel

Greece's annual inflation rate soared by 7.2% in February compared to 6.2% in January, which has accelerated a trend that has followed the COVID-19 pandemic and now the Russia-Ukraine conflict, official statistical data released Thursday indicates. The surge in consumer...

Greek Islands Could See Fuel Price-Cap as Costs Soar

Rising costs for unleaded fuel in the southern Aegean islands has prompted Greek regulators to consider a two-month price cap. A report in Kathimerini states energy regulators' research shows drivers on Sikinos are seeing prices at €2.045 ($2.372) a liter...

Tourism in Greece Drives Car Fuel Prices up to €2 per Liter

Car fuel prices in Greece have skyrocketed due to the high tourist season, reaching up to €2/$2.35 per liter, despite the fact that oil prices have dropped internationally. Oil prices have decreased to $73 a barrel, at least $5 down...

'Fuel War' Breaks Out in Cyprus

Turkish Cypriots reacted angrily to Nicosia's move to introduce fuel checks at the crossing points dividing the Mediterranean island. “The Greek side is openly threatening consumers with new criminal measures that have been introduced to prevent shopping from the North....

Checks on Fuel Stations Stop as Greek State Abolishes Bonuses to Inspectors

Despite the fact that the Greek government had announced that 1 billion euros will be collected from tackling tax evasion in the fuel market, checks at fuel stations have stopped because the bonus inspectors were receiving for every violator...

Greeks Welcome New Year Ready to Pay More for Basics

A barrage of raises in basic goods and services accompanies the New Year, as Greek households have to pay more for fuel oil, fuel gas, telephone service, cable television, coffee and cigarettes. The new direct and indirect taxes on consumer...

Greek Exports Drop by 8.1% in 4-Year Low

The total value of exports dropped by 8.1 percent beneath 12 billion euros in the first six months of 2016 - ending at lower levels than in 2012. There was a reduction in fuel products (-1.3 percent or 119...

The Great Gas Station Rip-Off: 1 in 3 Charge More Than They Pump

The first checks of the Ministry of Finance at gas stations around the Piraeus districts of Korydallos, Tavros, Keratsini and Nikaia found foul play. The sudden spot checks by supervisors of the General Secretariat of Industry took place at gas...