After some help from a forum member, I got myself a new bike....
...and so far after trying it out as is, I replaced the Ergo bars and seat suspension with a simple straight handlebar with Shimano grips and solid saddle post leaving the saddle which was quite comortable (Selle Royale); I also added a Blackburn Flea, Blackburn road mirror and rear Smart three led flasher. Next up is finding a good pair of panniers (difficult to get here in Greece). I'd appreciate it if anyone had an online source for good quality panniers!