Manousos Manousakis

At the age of 74, director Manousos Manousakis, one of the most iconic creators of Greek television and cinema, passed away.

According to reports, Manousos Manousakis had been hospitalized recently in the Intensive Care Unit of Hygeia Hospital due to a respiratory infection.

Cyprus has yet to decide whether it will remain the last energy-isolated country in the EU or gain access to the European electricity market through Greece.

Cyprus' political leadership is poised to make pivotal energy decisions in a meeting at the Presidential Palace on Tuesday. The gathering is expected to address and resolve several critical issues regarding Cyprus' electrical interconnection with European grids via Greece.

The Great Sea Interconnector, a 1.9 billion-euro subsea cable linking the electricity grids of Cyprus and Greece, promises significant savings for Cypriot households.

Israel's authorities requested the acceleration of procedures for the implementation of the Great Sea Interconnector project (Greece-Cyprus-Israel), in the section of the Cyprus-Israel power linkup.

The director general of the Energy Ministry, representing the government of Israel, stated that this is an important priority of the Israeli government to advance the project.

Construction of a €1.9 billion-euro section of an electricity cable that will connect the power grids of Greece and Cyprus is slated to begin in the new year, officials said Thursday.

An eventual extension of the renamed Great Sea Interconnector is planned to connect Israel's power grid as well.

In the next few days the Independent Power Transmission Operator (ADMIE) is expected to submit a demand to the Energy Ministry and the Regulatory Authority for Energy (RAE) for the extraordinary revision of the weighted average cost of capital (WACC) - which will mean power rate hikes for consumers - after realizing that the reduction of corporate tax from 29 to 24 percent will have an impact o

The installation of an underwater high-voltage electricity cable connecting the Peloponnese to the mainland across the Rio-Antirrio straits in western Greece was completed on Monday.