Businessmen speak, the “tails” of Serres, investors are sought in the Stock Exchange, the AVE deal – Kritikos, the “collapses” of Kikilia – Economic Post –

I am very afraid that for those watching the “civil war” of the New Democracy, the event from the “Constantinos Karamanlis Foundation” will be “coals the treasure”.

It will be of some interest, since the simultaneous presence of Kyriakos Mitsotakis, Antonis Samaras and Kostas Karamanlis, has been reduced to talk of the town.

Of course, no one is expected to speak at the event, but all eyes will be on the… body language of the three men.

They also have different temperaments, of course, so only those in the know will get the messages.

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Another message to the prime minister

Now beyond his internal parties, the prime minister has many messages from the real economy. Which I think he needs to take into more serious consideration if he wants to continue playing the economy card. Because the clouds are not few and the announcements are many.

This was also emphasized at yesterday’s event of the Business Union, with the presence of several of them, including Hatziminas and Apostolopoulos.

Interesting proposals were heard on the incentives that should be given, in order to strengthen the country’s productive capacity.

The proposals revolved around depreciation, advance tax, taxation for fast-growing businesses, but also subsidized training that can be offered in-house to a company.

I would also add a complete overhaul of the tax system, cutting laws that hinder investment, but also simplifying this labyrinthine system.

These are not investments…

In any case, people talked about a specific investment framework that will help the economy and the country in general. And in the following days they will present them officially.

Not like those made by a portion of the Catholic Church and the businessmen of the Western Peloponnese.

However, the arguments are very interesting for entrepreneurs. I’m not saying…

But let me say that during the period of the pandemic, in 2021 that is, the minister in charge at the time, as part of the strengthening of everything, had given 130,000 euros to the Catholic Church of Greece as compensation…

For lost revenue? Why were they given? Because from what we understood, some “appendixes” had… viable finances.

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Long… queues!

In any case, we have a lot to see on this topic in the next period.

As in the case of the case of the Serres Cooperative. Because as I learn the names that have or had some involvement with her are many.

We will see many things in the next period…

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Someone back up…

Investments, like the economy, need trust. Confidence in what one considers security for one’s money.

And as the scoreboard on the Greek stock market recently shows… there is no trust.

And I’m talking about domestic portfolios that can’t withstand the turbulence from the constant rebalancing of foreigners. That is, the redistribution of their funds to other markets, after the great turbulences that existed in the emerging markets.

Because that’s where most analysts attribute the pressures on the market. In the divestment of several funds that lock in returns, both for other markets and in the shadow of the political change in the US.

Last chance the results…

The downward momentum can be reversed or arrested only if the market agenda changes. But since domestically we don’t have much news to look forward to, perhaps the third quarter results announcements will provide a breather.

Interest is expected to turn to banking results, with Piraeus starting tomorrow, November 1st, before the market opens.

After all, it is also the sector that receives the most pressure. It has lost more than 7% since the beginning of October, in fact, depressing the entire market.

Where will they focus?

As recently pointed out by Beta Securities, the main elements that the market will focus on are the following:

a) the degree of reduction in interest income b) the new pricing regime for special categories of bank commissions aimed at retail c) asset quality d) the consolidated Eurobank – Hellenic scheme e) the plan to reduce deferred taxation and f) the update on achievement of annual goals.

However, for the whole of the third quarter the convergent market estimates for the four systemic banks expect net profits of 1.15 billion euros, stabilization of NPEs at 3.6% and a marginal increase in loans by 0.3%.

They “freeze” several plans

Now if the climate does not change even in November, when historically the market is doing better, I see many plans “freezing”, both listed and candidates.

And they are not few, both. Especially for the latter who want to reach out to retail as well.

Unless…my information is confirmed, which says that first class opportunities will be created for several foreigners trying to find a “pipeline” of placement in the Greek market.

I have a doubt though, I won’t hide it from you, seeing how the price of gold is going. Which, of course, has nothing to do with Greece, but reflects the general climate in the global investment community.

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ANEDIK Kritikos

It is widely circulated – and indirectly confirmed – that there are discussions between AVE SA and ANEDIK Kritikos SA.

Suddenly, during the last few days, however, the information that the agreement between the two trade chains was closed was released to the market. In other words, the two sides shook hands, without meaning that they have signed.

I have not been able to confirm this.

But I have to write it down because the agreement, if it happens, will be very important for this particular market. Maybe after all it is one of the rumors that sometimes might be confirmed….

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He “burned” the Land Registry many…

The processes in the ecclesiastical bays for the disputed lands in Vouliagmeni are intense.

Within the next interval we may have developments, but I will tell you about them in due course.

But what is important is that the clearing of the cadastral register in the area has turned things upside down.

In other words, the private individuals who were selling Church properties were identified… with the owners who bought them being in a difficult position…

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And the “demolitions”…

Difficult situations for the victims of scams, but difficult issues are also addressed by the Minister of Civil Protection, Vassilis Kikilias, who thought of a big… piggy bank!

Touching on the issue of lawless and illegal construction, speaking to Ant1, he suggested that a “piggy bank” be created to compensate citizens who built illegally… to demolish them.

I don’t disagree that they need to “get rid of it” and open the streams. We have a climate crisis and if we don’t do something we will mourn victims, as unfortunately in Spain.

But don’t reasonable questions arise for those who followed the rules? For those who didn’t “extend” illegally?

I ask a question… because the political discourse does not mean patting ears…