Windfall

Refiners start paying their windfall taxes

Greece's two oil refineries, HELLENiQ Energy and Motor Oil paid a first installment of a one-off windfall tax on their 2022 profits in July, officials have told Kathimerini. 

The windfall tax was imposed by the European Commission for all bloc members and it adds up to 33% on those 2022 profits that exceed the refiners' 2018-2021 average by 20%. 

OTE announces financial support for employees

OTE Group on Monday announced a windfall financial support package worth 6.2 million euros for its workers, in an effort to provide some relief against a backdrop of current economic and geopolitical tensions that have hit consumers' available income.

In an announcement, OTE said the support would help mostly low-income workers, offering net financial support of up to €1,000.