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21
Oct 2026
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Ryanair boss warns Europe faces biggest air fare increase in history, with prices set to rise 20%

Ryanair chief executive Michael O’Leary has warned that European air fares could surge by as much as 20% in 2027 as soaring fuel costs, driven by the Middle East conflict, squeeze airlines

Greek PM warns of energy crisis at EU summit as Greece and 5 other nations push to delay new carbon charges

Greece, Italy, Poland, Czech Republic, Hungary and Slovakia are preparing a joint intervention on the ETS2 scheme – The Greek prime minister said the draft EU summit conclusions failed to reflect the urgency of the energy price crisis

Government announces 30% increase in heating allowance compared with last year

Finance Minister Kyriakos Pierrakakis unveils a two-part support package, including a direct subsidy at the pump to lower heating oil prices

Bank of Greece: Inflation persists, with rate forecast to reach 3.5% in 2026

Rising energy costs and service prices intensify inflationary pressures – Greek consumers expect inflation of 6.2% over the next year, compared with 3% in the eurozone

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