Mitsotakis, the poverty index and Folli Follie’s 1,000, Manousakis persistence, the summer time headache for PPC and EDPR for Greek RES – Financial Put up – 2024-06-16 19:59:24

The few days’ extension for the restructuring, given by Prime Minister Mr. Kyriakos Mitsotakis, if nothing else, assessments the nerves and psychological endurance of these involved. Of these within the “gray zone”. And so they worry being faraway from the federal government. Wait till subsequent week. I do not suppose we should always have any panic assaults….

Higher!

In the meantime issues are going from good to higher! In society after all. As a result of the poll field can be very latest – with the recognized outcomes. In accordance with Eurostat, one in 4 Greeks stay on the sting of poverty and social exclusion. There isn’t any doubt that we as a rustic are above the European common!

The poverty index

I do know you’ll be unhappy, however the actuality is… laborious! We aren’t in first place within the European Union. We’re in fourth place as a rustic! Have you ever heard how nice the Romanian economic system is? Effectively, Romania is within the first place on this social index with 32%. Adopted by Bulgaria with 30%, Spain with 27%. And in fourth place is Greece with 26%! You’ll be able to’t say, we now have superb … efficiency! And in increased…

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Folli Follie

the psychodrama of Folli Folie. If it occurred in the US, it could have been serialized. Other than directors, collectors and defendants, the individuals who don’t but know what is going to daybreak on them, are none aside from the employees. And people instantly or not directly employed exceed 1,000. However no person appears to care about them!

The employees

The truth is, in an open letter to them they level out, amongst others, that “we’re taking the initiative to specific our concern and our intense disappointment for the indifference of the establishments, for the continual delays within the launch of Folli Follie’s property. The return of those property is a needed situation for the completion of the consolidation and is principally supplied for by the related settlement ratified by the courtroom”! However why do I’ve the impression that in the long run the bride might be paid by the employees?

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Mr. Manos Manousakis

The president and CEO of the Unbiased Electrical energy Transmission Operator (IATO), Mr. Manos Manousakis, stands out for his persistence and stubbornness within the implementation of choices, which should do with the event of the Operator in addition to the nationwide pursuits within the vitality sector.

Thus, he virtually took on the case of {the electrical} interconnection between Greece (Crete) and Cyprus and seeks to resolve any points which have arisen. The undertaking needs to be performed!

Nexans

However plainly his efforts are beginning to repay – regardless of the difficulties he confronted primarily from the Cypriot facet.

So I be taught that the multinational Nexans that has undertaken {the electrical} interconnection undertaking is beginning the preliminary work. For

Exactly the Committee for the Granting of Licensing for Marine Analysis (ECHAETH) of the Ministry of International Affairs gave the “inexperienced” gentle for Nexans with its French ship to begin the analysis to establish the suitable submarine route of the cable that may join Crete with Cyprus… .

DFC

Nevertheless, I’ve a second excellent news for you about the identical undertaking! Let me remind you that {the electrical} interconnection of Israel with Cyprus and Greece can be deliberate.

Because it was recognized by ADMIE, the American fund DFC had additionally expressed curiosity in collaborating within the Nice Sea Interconnector three way partnership (Greece – Cyprus – Israel cable).

So I am studying that he isn’t simply going to remain , he is additionally going to point out the … cash on the desk! It would collectively submit a suggestion…

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PPC

I’ll proceed with vitality and take you to PPC. In accordance with my info, the corporate is attempting to safe further assist with a view to cope with the “headache” that returns each summer time for the vitality provide of the islands.

Gasoline turbine models

With a view to keep away from blackouts, along with the set up of energy producing pairs, it plans to put in further fuel turbine models. Thus, I’m knowledgeable that a number of days in the past he submitted purposes to the Waste, Power and Water Regulatory Authority (RAAEF) with a view to guarantee a secure provide to 3 islands with growing vitality wants yearly, resulting from pro-tourism.

Kos, Santorini and Chios

A fuel turbine unit with a capability of 33 MW intends to put in in Kos, a capability of 13.192 MW in Santorini and a corresponding one in Chios. And so the issue is predicted to be handled, now, radically with the completion of {the electrical} interconnections of the islands, initially of the Cyclades and later of the Dodecanese and the North Aegean.

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EDPR

I’ve different information for you from the vitality facet. This time from the entrance of multinational corporations working in our nation.

And it is rather fascinating how they see the developments in our nation which have been created by the numerous Renewable Power Sources.

And I’ll let you know in regards to the Portuguese large in RES, EDPR.

The overall supervisor of EDPR in Greece, Mr. Dionysios Andronas, on the sidelines of the inauguration of the second wind farm in Greece, spoke in regards to the challenge of damaging costs and cuts in RES

Market focus

“Destiny and inevitably the vertically built-in gamers have a bonus, now investments in RES require giant capital”, mentioned Mr. Andronas with the development of additional market focus strengthening. One thing which I want to remind you that the president and CEO of Metlen, Mr. Evangelos Mytilineos, had just lately underlined.

Mr. Andronas considers the additional improvement and upgrading of {the electrical} networks and the strengthening of cross-border connections needed for Greece to grow to be an vitality exporter.

Banks

Lastly, he famous neither extra nor much less that now in Greece the event of RES might be an costly sport.

As he mentioned “banks as a result of new strict framework that may embrace RES investments have gotten harder to grant loans with vitality cuts getting into the desk to grant a mortgage”!