There is a continued decline which led directly to a 20 percent fall in share price off of the news
Turkey's energy import bill increased by 65.7 percent to $4.44 billion in September this year compared to the same month last year, according to data released by the Turkish Statistical Institute (TÜİK) on Oct. 27.
The overall energy import bill soared last month due to an increase in the global energy prices in the last month ahead of the winter season.
The market is facing a new round of price hikes, as everything shows, with companies declaring themselves unable to contain rising production costs.
The energy crisis is triggering another "wave" of prices rises, causing consumer dissatisfaction, and causing a reduction in purchases to what is absolutely necessary, while many are buying cheaper, lower nutritional value products.
The Greek Minister of Development and Investments, Mr. Adonis Georgiadis, did not rule out taking new measures in ordert to alleviate households, since, as he said, our economy is doing very well and we can come up against any problem. But such a decision, he added, is up to the Greek Prime Minister.
The energy crisis is becoming global, Bloomberg predicts today. Countries are increasingly relying on natural gas for efforts to stop burning more coal and switch to cleaner energy sources. Countries are bidding to stockpile blue fuel, and exporters like Russia are restricting exports. The situation will worsen when temperatures drop, the agency predicts.