Greek economy braces for higher energy costs and inflation

Europe’s natural‑gas storage is at a historic low, with inventories at just 57 % of capacity, pushing winter heating and electricity prices upward. In Greece, the energy‑price surge is forcing the Ministry of Finance to draft new 2027 budget scenarios that assume higher inflation—potentially near 4 % in 2026—and slower growth below 2 %. The country’s July consumer‑price index fell to 2.7 % year‑on‑year, but energy costs remain up 10 % and producer‑price inflation is still rising.

European equity markets reflected the fragile outlook, with the Euro Stoxx 50 and Germany’s DAX edging lower after mixed PMI data showed a two‑speed economy. Meanwhile, the Greek export sector stayed resilient, driven by food products such as yogurt, kiwi and strawberries, keeping Greece’s share of European food exports on an upward trend.

DEH (Public Power Corporation) reported that it remains on track to meet its 2026 EBITDA target, confirming a dividend of €0.80 per share and progress on a 300 MW data‑center project in Western Macedonia, as well as recent acquisitions in Poland and Hungary.