Business economics

Attica Group reported unified sales of 530.24 million euros in 2022, a 52% revenue increase from €347.92 million in 2021, it said on Thursday.

Consolidated EBITDA amounted to €57.75 million in 2022, or a 38% rise from €41.96 million in 2021.

Net income after taxes was €17.05 million compared to net losses of €13.19 million for fiscal year 2021.

More and more retailers are increasingly employing the so-called omnichannel strategy, utilizing modern technology means such as voice orders, simulators and chatbots.

The European Commission is set to propose a revamp of Europe's electricity market rules on Tuesday, aimed at expanding the use of fixed-price power contracts to shield consumers from severe price spikes like those experienced last year.

The European Union has drafted plans to nudge countries towards using more long-term, fixed-price electricity contracts, as part of a reform of Europe's power market designed to shield consumers from price spikes.

Environment and Energy Minister Kostas Skrekas will on Tuesday morning announce the subsidies for February electricity consumption, which will be significantly lower than those of January, after the de-escalation of the wholesale electricity price led to a nominal kilowatt-hour price 60% below the current price.

From February 1, all children up to 10 years of age will travel for free on public transport. The discount on the price of student travel cards is increased from 20% to 70%, and on seniors travel cards - to 40%.

The country's power suppliers have announced significantly reduced electricity tariffs for February, with Public Power Corporation (PPC) saying that its rate is down 57-64% compared to January.

Prices of natural gas used in electricity production have been reduced, while gas prices for households have been kept unchanged for January.

The Petroleum Pipeline Corporation (Botaş) announced that the price of gas used was cut by 12.75 percent to 18,000 Turkish Liras/1,000 cubic meters.

The price of natural gas households consume was kept at 4,080 liras/1,000 cubic meters.

The billowing winds that swept Greece over the last three days were enough to produce up to 83% of the electricity consumed by households and businesses and to knock down the average wholesale electricity price by 44%.

Ljubljana – The National Assembly unanimously endorsed on Wednesday two pieces of legislation that will provide emergency cost-of-living aid to the most vulnerable population groups and to businesses hit hard by high gas and electricity prices.