Greece to repay €6.9bn debt in June, debt ratio to drop near 130%
Greece announces €6.9bn early debt repayment in June as Finance Minister Pierrakakis reveals debt-to-GDP ratio expected to drop to 130% by 2027.
Economy
Pierrakakis: Europe must unite on economy, defense and tech or lose big opportunity
European Finance Minister Pierrakakis warns that Europe must unite its forces in economy, defense and technology or risk losing a major competitive opportunity.
Oil prices fall after Trump suspends “Freedom” operation – Brent at $108
Oil prices drop 1.7% to $108 per barrel as Trump suspends military operation amid Iran ceasefire talks, while global supply concerns persist.
New Fuel Pass: Government considers further energy subsidies
Greece considers extending Fuel Pass and energy subsidies as Middle East crisis drives oil prices higher, with two-month extension costing €130 million.
Natural gas stabilizes near €50 in Europe amid 13.2% Russian export surge
European natural gas prices stabilize near €50 amid Middle East crisis, while Russian exports surge 13.2% in April as geopolitical tensions reshape global energy markets.
AKTOR Group CEO warns of Asian competition for LNG supplies
AKTOR Group CEO warns Asian competition could drive up LNG prices as Europe seeks energy diversification amid global supply pressures and geopolitical tensions.
Airlines cut 2 million seats from May flights amid fuel shortage fears
Airlines slash 2 million seats from May schedules as Middle East tensions drive fuel prices to record highs, causing widespread flight cancellations worldwide.
Pierrakakis at ECOFIN: Do we want to be the generation that unleashes the EU’s potential?
Greek Finance Minister Pierrakakis challenges EU leaders at ECOFIN meeting to move beyond discussions and unleash Europe’s economic potential.
Greece announces new household support package amid oil price surge
Greece prepares new household support package with fuel subsidies and Fuel Pass extension as Middle East crisis drives oil prices above $100 per barrel.
Stournaras warns of real recession risk in eurozone
Bank of Greece Governor warns eurozone recession risk is real due to Middle East conflict escalation, rising energy prices, and weakening economic conditions.
OPEC+ boosts oil production by 188,000 barrels per day
OPEC+ agrees to boost oil production by 188,000 barrels daily starting June, following UAE’s departure from the organization in a symbolic move to stabilize markets.
S&P Global: Aktor-Albgaz LNG deal marks milestone for US gas
Greek infrastructure company Aktor Group signs major 20-year LNG supply deal with Albania’s Albgaz, marking milestone for US gas exports to Europe.