Regional Authority of the Southern Aegean

MoU aimed at creation of 10 'smart islands'

The Regional Authority of the Southern Aegean, the Soft Energy Applications Laboratory, the Center for Technological Research in Piraeus and the University of West Attica on Thursday signed a memorandum of understanding aimed at the creation of a roadmap for the transformation of 10 remote Aegean islands into "smart islands" via state-of-the-art networking technology.

Islands oppose bank branch closures

A Greek regional authority said it is suspending all cooperation with one of the country's banks after the lender announced the closure of its branches on three islands.

Earlier this week, Alpha Bank announced it would cease operations at its branches on the islands of Tilos, Leipsoi and Kassos on September 14. The closures would leave the remote islands without a bank.

Southern Aegean suspends deals with Alpha Bank

The Regional Authority of the Southern Aegean said on Thursday it is suspending the cooperation agreements it has with Alpha Bank.

The region said the decision came after the bank announced on Tuesday it will be closing its branches on the islands of Tilos, Lipsoi and Kassos on September 14.

The decision will leave the remote islands without a bank.

Regional authority seeks cap on fuel prices on islands

The Regional Authority of the Southern Aegean has sent a letter to the Economy and Development Ministry asking for a price cap on fuel prices that have seen gasoline soar to almost 2 euros per liter.

On the Cyclades islands the average price comes to 1.881 euros/lt at gas stations, while motorists on Santorini are already paying 1.995 euros/lt at the pumps.