An amendment that will bring a ceiling of 3% to the increases of commercial rents for the entire duration of 2022 with a year of comparison to be considered 2021, will be passed in the near future by the Minister of Development and Investment, Adonis Georgiadis. The minister proceeded with the specific announcement, speaking from the podium of the Plenary Session of the Parliament.
“We will allow the connection with inflation but with a limit of up to 3%. Our goal is to protect the stores from huge increases. To help the market stay upright,” the minister noted.
In addition, he stated that the measure was deemed necessary due to the extraordinary circumstances, despite the fact that it is not in line with his own ideology for the operation of the market.
The minister said, among other things, that a second regulation that will be submitted to the parliament in the near future will allow the disclosure of the data of companies that make a profit.
The minister said the government was proposing the provision, without prejudice to any legal issues that might arise, and therefore sought the support of the parties “so that there is an additional argument in support of this provision in the courtroom”.
Source: Capital
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