Gas station in Lefkas. Gas prices skyrocketed following war in Ukraine. Credit: Alf Van Beem/Wikimedia Commons CC0The impact of the war in Ukraine on the Greek economy, particularly on energy, tourism and raw materials has alarmed households and the government alike.
The rapid increase in energy costs, the certain decrease in tourist arrivals and borrowing from international markets are difficult issues the government has to resolve.
Greek households turn to the state for solutions that seem unlikely, given the unpredictability regarding the duration or outcome of the Ukraine armed conflict and the further impact on Greek economy.
At the same time, Greek companies that export furs, fruits, vegetables, fresh goods, also specialized technology systems to Russia and Ukraine have the biggest impact due to the crisis between the two countries.
