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ENERGY
-Greece ranks second place in the world in terms of incorporating solar photovoltaic (PV) technologies in its electrical power output. Spain comes first with 19.1%, followed by Greece at 17.5 % and Chile at 17%, according to a report by the International Energy Agency (IEA).
-Greek oil refining company Motor Oil Group’s net profits jumped 20% to 237 million euros in the January-March 2023 y-o-y. The company through its subsidiary Motor Oil Renewable Energy (MORE), has closed the purchase of a majority stake in Unagi, a company that owns interests in 1.9GW solar projects across various stages in Greece.
ECONOMY
Moody’s estimates that the general government debt will be falling below 150% of GDP in 2025 from 171.3% in 2022.
COMPANIES
-Greece is trying to encourage entrepreneurs to invest and create well-paying jobs. But business owners say the state stands in the way, Al Jazeera reported.
