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Hatzidakis: Greece Will Move to Cut Energy Costs for Industry

Hatzidakis: Greece Will Move to Cut Energy Costs for Industry

Hellenic Shipping News

Greece’s deputy prime minister has signaled that relief for businesses struggling

Greece’s deputy prime minister has signaled that relief for businesses struggling with high energy costs is just around the corner, with a government announcement expected within days.

Speaking at the Growth Awards 2026 ceremony — a business recognition event organized by Eurobank and international consulting firm Grant Thornton — Deputy Prime Minister Kostis Hatzidakis said the government is finalizing measures aimed at reducing energy costs for the industrial sector, with the goal of strengthening Greece’s competitiveness.

Hatzidakis acknowledged that negotiations with the European Commission on the matter have been lengthy, noting that Brussels operates on its own timeline. Despite the delays, he indicated the announcement is now imminent.

A country that exports energy

The deputy prime minister also highlighted a broader shift in Greece’s energy landscape, pointing out that the country has become a net energy exporter for the first time in many years; a development he described as a sign of competitiveness. “If our energy were expensive, we wouldn’t be able to export it,” he said.

Investment framework taking shape

Beyond energy costs, Hatzidakis outlined several upcoming regulatory milestones that he said would make Greece a more attractive destination for investment.

A new spatial planning

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