Pricing

The government has extended caps on the retail prices of electricity and natural gas for households, small commercial consumers and protected consumers until the end of the year, as has caps on retail electricity prices paid by SMEs.

The effort to have taxable property rates (known as "objective values") converge with the actual market prices currently looks like a losing battle.

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.

A number of goods and services are expected to stabilize at high prices in Cyprus in the coming period, while food prices are expected to rise ahead of Easter. These are the conclusions drawn from the Consumer Price Index for the first two months of 2023, as well as reports from market professionals to Kathimerini Cyprus.

An intensive effort by Cyprus' Tax Department in recent months has resulted in rebates of over 70 million euros of excess taxes, with an additional €200 million expected to be paid, according to the head of the department, Sotiris Markides.

He emphasized that the Tax Department aims to clear all outstanding corporate and individual taxpayer rebates by the end of 2023.

At its meeting on Thursday, the Croatian government will take a decision to set a fixed price for eight basic products, said Prime Minister Andrej Plenković.

The price of sunflower oil will be lower - 1.72 euros per liter (now it is 1.86 euros), there will be a price limit for milk, flour, sugar, whole chicken and minced pork.

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.

"Bulgargaz" Ltd. submitted to the Energy and Water Regulation Commission (EWRC) an application for approval of the price for the month of April 2023. The price, in the amount of BGN 103.08/MWh (without prices for access, transmission, excise duty and VAT), was established in accordance with Art. 17 of Ordinance No.

European Union countries will have to protect vulnerable consumers from being cut off by electricity suppliers if they cannot pay their bills, according to draft EU rules due to be published on Tuesday.

The Greek annual inflation rate slowed further to 6.1% in February from 7% in January and 7.2% in February 2022, the Hellenic Statistical Authority said on Monday. However, this development is attributed solely to a drop in electricity prices while the consumer price index in foods and food items jumped 14.8% in the month.