Water supply and sanitation in Greece

Athinon Avenue ended Thursday with hardly any changes to its main indexes. The day started off with a decline, as the expected 25-basis point cut by the Fed on Wednesday was already priced in, while the caution the US central bank showed in its statement led markets to believe a more restrained year is looming, according to a PIMCO commentary.

Athens has experienced a significant increase in water consumption in 2024, rising by 6.4% despite the severe drought conditions that have plagued the region for the past two years.

The benchmark of the Greek bourse has risen to highs unseen since September 26 after notching up fresh gains on Friday. Industrial and energy stocks drove the market higher on a day of gains for the vast majority of stocks, albeit with the lowest turnover of the last 12 sessions. Sunday's government announcements in Parliament will largely shape next week's trading landscape.

Thursday's stock growth may have followed the rise of three previous sessions, but ushered in a new situation in that its features included a universal upward trend and significantly increased turnover, the highest of the last five sessions.

The Environment Ministry has scaled back its plan to merge municipal water and sewerage companies (DEYAs) on the islands, following opposition from local governments. 

According to a draft bill set to be released for public consultation, the existing DEYAs and municipal water services in the islands of the Cyclades, the Dodecanese and the Northern Aegean will remain unchanged.

Hello, the hour of reckoning has arrived for the new leader of the free world, and naturally, this week, something quite dramatic would need to happen to shift the spotlight from this major event that occurs once every four years and politically, geostrategically, and economically impacts the whole world.

EYDAP is on alert, considering various scenarios to address the capital’s water supply problems in case of a prolonged drought even though the existing reserves in the reservoirs are sufficient for four years.

Stocks grew at Athinon Avenue on Tuesday for a third day in a row, with the benchmark closing on the day's high, as did the banks' index. It was once again the closing auctions that significantly improved the picture on the stock board, and they were responsible for the increased turnover, too. The market is now focusing on the interest rates verdict of the US Fed on Wednesday.

Amidst growing concerns about water scarcity, the Greek government has devised a five-pillar plan aimed at addressing this critical issue. The most ambitious of these plans involves transferring water from the artificial Kremasta Lake by connecting it to the Evinos and Mornos reservoirs, which supply the Attica region.

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.