The fuel price cap, which was implemented to control mixed profits from fuels, has ended as international oil prices have stabilized, according to the Ministry of Development. However, renewed military tensions between Iran and Israel could impact this stability. Meanwhile, government insiders predict a potential ‘desertification’ of Athens due to water shortages by December 2024. The issue of water scarcity is becoming increasingly critical amidst mass tourism and low rainfall rates. Discussions are underway about relocating parts of Athens’ population to rural areas to address these challenges. Additionally, Greece’s focus on changing its production model through industrial development in peripheral regions is gaining traction. The country also faces the challenge of preparing society for potential military emergencies, as highlighted by NATO Secretary-General Mark Rutte. Other topics include the EU imposing new agricultural tariffs on Russia, the ongoing feud between Unicredit and Commerzbank over acquisition prospects, progress on energy projects in Albania involving Greek companies DEPA and Terna, and advancements in the Triple Skaramagas Junction project aimed at easing traffic congestion in Athens.
End of Fuel Price Cap Amid Middle East Tensions and Greece’s Water Crisis
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