Energy crisis

North Macedonia on Tuesday declared a "state of crisis" over energy for the next 30 days, empowering the state to intervene financially to help the two state-owned joint stock power companies, ESM and MEPSO, import more electricity from abroad.

China is increasing its daily coal production by more than a million tons in the context of electricity shortages and at a time when leaders from around the world are negotiating in Glasgow on an agreement on how to save our planet from global warming, AFP reported.

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.

Ljubljana – The opposition Left has demanded for the parliamentary committees on infrastructure and social affairs to meet for a joint emergency session due to soaring energy prices. One of their proposals is regulating gas and power prices for end users.

exacerbated fuel shortage crisis In the UK over the weekend amid "panic buying" from motorists so anxious that the government announced on Monday evening, it had asked the military to stand by for deliveries if needed.

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.

Fuel prices rose by over 17%

The residential price index increased by 2.7 percent in July from the previous month, data from the Central Bank have shown.

class='cf'>

On an annual basis, house prices across Turkey rose by 29.2 percent in the month in nominal terms, while in real terms, the increase was 9.9 percent, the bank said yesterday.