ENGLISH EDITION

Describing the current economic and geopolitical environment, the president of Qualco Group, estimated that geopolitical tensions will persist and Europe will face serious challenges, as inflation will remain high and the value of money changes.

This will happen because the tax revenues continue to move upwards and will surpass the target for June for reasons related with the good course of the economy, the increased consumption and the better, in relation to the forecast, course of tourism. 

Prime Minister referred again to the "bomb" of simple proportional representation that will hinder the formation of a government in the first elections in a very difficult period.

The large drop in bank shares this time is due to external reasons and has nothing to do with the situation of banks or the economy, which has great growth prospects despite the challenges posed by the war in Ukraine, the energy crisis and the global economy.

Referring to the 2015 referendum, which was also held on the same date, Mitsotakis said that it almost dealt a fatal blow and only when faced with the prospect of disorderly default did the then government back down.

Environmnent & Energy Minister Kostas Skrekas noted that the government is systematically preparing to ensure the country's energy sufficiency, considering even the most unfavorable scenarios.

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.