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Energy Crisis Deepens Economic Divide in Southeastern Europe

share-iconTuesday, January 07 comment-icon2 weeks ago 7 views
News sources:
reutersREUTERS
Energy Crisis Deepens Economic Divide in Southeastern Europe

Credited from: REUTERS

  • Athens restaurant owner **Christos Kapetanakis** reports a **40% increase** in electricity bills due to the ongoing energy crisis post-Ukraine invasion.
  • Electricity expenses, once **3% of monthly turnover**, have surged to **15%**, impacting competitiveness in **Greece's tourism sector**.
  • **Southeast Europe** is experiencing **significantly higher** wholesale power costs compared to **northern European countries**, creating economic strain.
  • The lack of investment in energy infrastructure in southeast Europe, especially in renewable sources and power storage, is cited as a crucial factor for high prices.
  • **Greek Prime Minister** **Kyriakos Mitsotakis** has urged the **European Commission** to address electricity cost disparities across **Europe**.

Read more at Reuters.

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Gloria Terra

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