Another front seems to have opened up for the government in recent days.
And that’s what it’s called… student housing.
It wasn’t just the problems with the fire victims, those families who have to find a home for the freshmen and more are gradually coming.
The difficult equation
A difficult equation for the government to solve.
Freshmen and not only for their studies in other cities are asked to face the general increase in rents, which exceeds 50% in the last five years.
Also, it is now difficult to find small houses (25-50 sq.m.), most of which have been “dedicated” to short-term rentals.
To this mix one must also add the minimum places offered in the student residences of the state universities which cover less than 5% of the students.
PPP for stoves
As I learn, the offers for the construction of student residences are also expected in September.
After about four years…
The timing chosen by the government is no coincidence either…
September, when everyone is looking for a house.
Construction will be delayed
Some tenders will already be held for the construction of student residences of various universities.
That is, the competition of the Democritus University of Thrace, while that of the University of Western Macedonia was re-announced.
The University of Thessaly is also expected.
And as I learn, the terms of the tenders will not be in favor of the State.
They “burn” schoolwork
In addition to the students, however, the government will also find the students’ parents against it.
Despite the measures and interventions, school prices are already on fire.
And we are talking about 8-10% higher prices.
Theodorikakos tries
Already at the Ministry of Development, Takis Theodorikakos is trying to find solutions.
So what solutions… he basically asked the representatives of the supermarket chains to back off.
I don’t know yet if it has found receptive ears but… it will be seen in practice.
The Vakaki bell
It is no coincidence that Apostolos Vakakis, the head of Jumbo, one of the chains with a very large share of the school supplies market, had spoken of a jump in the cost of goods coming from Southeast Asia and a doubling of their delivery time due to the ongoing crisis in the Red Sea.
Accurate knowledge after all…
The invasion of the Chinese
The invasion of Chinese products a few years ago brought radical changes to the country’s commercial map.
It “disappeared” several domestic businesses and brought new data to the trade.
However, there were quite a few who survived and even came out stronger.
They built bridges with the “Asian giant”, and found suppliers who helped it market products at competitive costs.
Like Apostolos Vakakis’ Jumbo and several clothing and electronics companies.
Balance of horror
The balance created with huge sacrifices is once again in danger of being disturbed, as market players point out in the column.
And the reason is the “second wave” of the Chinese invasion.
Companies like Temu and Shein have taken things by storm, gaining ground and consumers at breakneck speed.
With a gun, of course the cheap prices. Where the Chinese are unbeatable. Their state, after all, as Greek traders say, subsidizes exports.
Thus, as we are complaining in the Athens merchants column, we will once again experience “the death of the merchant”…
With painful results for the Greek economy…
The Greeks are richer (?).
However, we saw a positive sign for the income trend in the country this year.
All categories of taxpayers declared higher income.
If the accuracy was also checked… perhaps the increase in income would be more pleasant.
But inflation, as is known, “eats” the wealth of all of us without exception.
The exception…
But there was an exception for incomes.
The self-employed who were taxed with the presumptive determination of their income.
In fact, freelancers covered by the presumption reported less income this year compared to last year, while those who exceeded it reported increased income.
In fact, only 263 people contested the result of the liquidation, a percentage of 0.006% of the debtors based on the presumption.
So, in the ministry they are happy.
After all, the total amount that the government additionally collected from the new method of taxation was approximately 440 million.
A little even would catch half a billion.
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Expectations in the Stock Market
However, satisfaction also prevails in the ranks of the stock market.
After the dramatic drop on August 5, the market has made a remarkable recovery.
And with a satisfactory turnover in fact, if one considers how difficult it was in the middle of August 15th for the daily turnover to reach 100 million euros.
The level has changed
And there may be grumbling at times, but in the big picture the market is showing signs of health.
Health that should of course still improve, but the progress is noticeable.
After all, the general index is almost 70 points away from its multi-year highs, that is, just over 5%.
Back… the protagonists
And this performance even came at a time when the protagonists of last summer’s markets have been left behind.
Mytileneos, Jumbo, Aegean and Motor Oil have been negative since the beginning of the year, with Titan, Cenergy, GEK Terna and the three systemic banks except Alpha Bank taking the baton this year.
The international climate should also help a little
It is enough that the international climate also helps a little.
Because since the beginning of summer only “mines” have been stepped on by the longs.
And in November we also have the American elections and as long as the landscape remains cloudy, foreigners will be cautious.
Symposium at Jackson Hole
Until then, however, there will be no shortage of catalysts.
This week we also have the banquet in Jackson Hole, August 22-24.
The biggest central bank in the world, the Fed, will also set the tone there.
If the Fed’s Powell signals a rate cut, we may be in for another bullish leg.
Sixth…
Unless we have any new episodes of unrest.
That is why the markets keep a small basket and raise gold to historic highs.
Of course, the fall of the dollar due to growing expectations of a rate cut by the US Federal Reserve in September also helps.
But escalating geopolitical tensions in the Middle East have boosted demand for gold bullion.
Traditional shelter, gar…
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