ENGLISH EDITION

The government aspires with the combination of measures implemented in the wholesale and retail market to absorb more than 70 pct of the price increase and to reduce  the cost of the kilowatt-hour close to the level of last autumn.

The real estate market saw a series of other changes during this time, such as the need for more logistics spaces, as many physical stores have been replaced with warehouses because of the surge in online shopping.

According to Athens, Attica & Argosaronic Hotel Association, the first five months of 2022 posted a 26.8% drop in capacity and a simultaneous 25.8% drop in revenue per available room (RevPAR), compared to the same five months in 2019

At the same time, the group's investment plan for the Intersport chain is in progress, with the available funds reaching 10 million euros for the renovation of its network of stores this year.

Some 200,000 households can benefit from this program, while more than 380,000 devices can be replaced, noted the ministry. The average energy savings for each household is estimated at 1,000 KWh annually, equivalent to a 25% in energy savings in one year, or up to 300 euros in annual bills.

Although it is a basic food product, milk has been affected by the reduction in consumption, too, which is the only way consumers can cope with inflationary pressures.

The Eurogroup's approval for Greece's exit from the status of enhanced surveillance will activate the disbursement of a 748-million-euro installment. The monitoring by the European institutions will continue until 2059, ie until the country repays 75% of the loans it received under the memoranda.

The investment will start from scratch, will create a premium tourist spot, will offer employment to thousands of young people, will yield significant revenues to the public sector and, most importantly, will give added value to Greece’s brand.

After the expression of interest, a short list will be drawn up with the companies that meet the specifications of the tender and the submission of technical offers will follow.

The first proposal concerns the operation of Attica Bank as a fully digital bank, which means the transformation of the lender into a digital financial services platform.