EYDAP

The public water company (EYDAP) announced the launch of an ambitious project to draw water through tunnels from two rivers in Evrytania, central Greece, to fill the artificial lake Evinos.

Changes to the way water is priced were announced by the Minister of Environment and Energy Theodoros Skylakakis, who, along with the management of EYDAP, presented the government’s plan to address the water scarcity, which was announced at the TIF by Prime Minister Kyriakos Mitsotakis.

The issue of water-logging that experts say our country is facing due to prolonged drought has led the relevant agencies to mobilize. The problem of water scarcity is of course a headache for EYDAP which has to take care of the water supply of a large part of the basin and especially the capital and the surrounding municipalities.

Measures were announced on Tuesday to tackle future water shortages in Attica as the reservoirs of the Evinos and Mornos rivers are at historically low levels. More specifically, Attica will have enough water for four years if the drought of the last two years continues, according to announcement by the Environment Ministry and the state water company (EYDAP).

The Athens stock market followed the same pattern Tuesday as previous sessions: trading within a narrow band on low turnover. Although it started positively, with the general index trying to breach 1,440 points, sellers prevailed toward the end.

The Athens Water Supply and Sewerage Company (EYDAP) is activating supplementary water sources to reinforce the water supply in Attica due to the prolonged drought, stated the CEO of EYDAP, Haris Sachinis, in an interview with the Athens-Macedonian News Agency (AMNA) published on Sunday. 

Scientists are concerned about the situation that seems to be consolidating in Greece – and especially in Attica – regarding water reserves, which are at dangerously low levels.

The Athens Stock Exchange closed only marginally higher Monday on very low turnover. Nonetheless, it extended its winning run to six sessions, with a cumulative rise of 3.61%.

The general index closed at 1,432.28 points, a gain of 0.03%. Throughout the session, it moved within a narrow band of less than 10 points, from a low of 1,428.44 (-0.24%) to a high of 1,436.74 (+0.34%).

Banks led the Greek stock market to a remarkable rally on Wednesday, which compounded the month's gains to see the benchmark at Athinon Avenue end July 5.26% higher than its level at end-June. The interest in the market was also highlighted by the significant increase in turnover, though rising stocks only marginally outnumbered decliners on the day.

The Greek bourse revealed a very interesting picture on Tuesday as there was a general trend for sales almost the entire session, but certain blue chips (most notably Eurobank) and a large number of other stocks resisted, leaving the rising stocks almost on at the same level as the decliners. Trading volume also showed some welcome improvement, a day before the end of the month.