The backwards and forwards of Maximos, the ministers “heard” them, Manousakis shouts, GEK TERNA is unaffiliated, Sky Categorical’ lengthy… covid, soccer marathons are coming, what’s “cooking” at Profile, the modifications in Vassilopoulos – Monetary Postman – 2024-07-21 16:48:40

The federal government’s dealing with of the difficulty of taxation of energy producers was a bit… clumsy.

Suffice it to let you know that at the start of the week he mentioned that he was merely “monitoring” the wholesale market, just for the prime minister to announce on Tuesday that extraordinary taxation is coming.

In actual fact, he referred to the related Minister for particulars.

Nevertheless, Mr. Skylakakis was not so detailed, leaving many query marks out there, most significantly what would be the affect of the emergency measures.

Unfair

And the measures, as executives of the electrical energy market commented to me, are unfair. They refer, in fact, to the extraordinary payment that shall be imposed on electrical energy producers with pure fuel items.

And this, because the political management of the Ministry of Setting and Power admitted, the home gamers are usually not liable for the rise in costs to disaster ranges.

This time the causes lie within the energy-deficient markets of Central and South-Japanese Europe but in addition within the interconnected electrical energy transmission community whose capability and resilience are at specs of earlier many years.

Manos Manousakis

One thing that didn’t go away the president and CEO of ADMIE Manos Manousakis unaddressed. Together with his submit on LinkedIn and pushed by information displaying the big worth variations at evening between EU international locations. that are positioned within the southeast and people within the west, he emphasised: “That is additionally the explanation why ADMIE always emphasizes the necessity to improve the transport capability of the networks between the states of Europe. A pan-European community of central interconnections is required with the intention to combine and transport the electrical energy produced by offshore wind farms.’

Anybody listening in Brussels…?

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Did they hear?

Brussels, the one factor that’s sure is what they’re doing… As for the taxation measures, what did they see and what did they hear within the authorities from the market, I’ll positively discover out within the subsequent few days.

What is for certain is that the ministers concerned additionally attended the seventh InvestGR Discussion board 2024 yesterday.

There, EY introduced the analysis on the funding attractiveness of Greece, with the findings being encouraging.

However there was additionally a element, not like that of Skylakakis.

The survey contributors additionally evaluated Greece, primarily based on a collection of standards linked to essentially the most important elements influencing funding selections in the present day.

These are sustainable improvement, electrical energy, know-how, human assets and… taxation.

For 4 of those 5 thematic sections, the final image that emerged will be characterised as passable.

The typical of optimistic responses was between 61% and 63%.

An exception was the tax part, the place the common of optimistic responses was 53%.

Random?

The change… within the Cashiers

In the long run, what is for certain is that the federal government will put some change in its coffers.

It is not going to “axe” the vitality sector both. In any case, his income are usually not small and this… comes out.

That’s, within the salaries of the executives, which “inflated” fairly a bit within the final two years.

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There are alternatives…

And the vitality sector on the AX could have been pushed for good by the backwards and forwards of the federal government, however the efficiency of GEK TERNA didn’t go unnoticed.

In opposition to a corrective market, GEK TERNA’s share recorded important features in the identical two-day interval.

Motion anticipated and lasting, if we speak by way of valuation.

It’s no coincidence that Axia gave it a goal worth of 24.8 euros and Euroxx at 26 euros.

Firepower

The group, after the mega deal for the sale of TERNA ENERGY to Masdar, has greater than 3 billion firepower for brand spanking new tasks.

To not point out the portfolio of concessions with assured dividends of over 10 billion.

Its development backlog exceeds 5 billion.

The institutionalists don’t look at this time and the “emergency” of Maximos.

They see that the EBITDA in addition to the Internet Revenue of GEK TERNA could have a double-digit improve within the coming years.

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Lengthy… covid της Sky Categorical

Within the meantime, do not assume we missed one other element.

In the identical invoice for the taxation of vitality suppliers, we additionally had an modification that stunned us.

It offers for the compensation of 8.48 million euros to Sky Categorical.

It has been pending for the reason that interval of… Covid-19.

Admittedly the assistance that shall be given to Sky Categorical was a little bit overdue.

They had been ready for the Fee’s determination, which was taken in the course of final March.

After all, different airways bought much more, they simply bought it extra well timed (sic) than Sky Categorical.

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Focus of forces

Aside from this well-known invoice, there’s something else that I’ve not but understood as of late.

How competitors will work within the broadcasting of sporting occasions. I remind you that OTE and Nova will market an expanded Sports activities bundle in August.

Till now, OTE and Nova cost round 25 euros/month for his or her respective packages.

The expanded Sports activities bundle might value ~28 euros/month, since OTE owns the rights to the Champions and the Europa League, and in addition has the rights to the matches of 8 of the highest 14 groups in Greece.

Nova has the rights to the UK Premier League.

So if the brand new estimated worth is certainly legitimate, provided that somebody had each suppliers would they profit.

The Pirates”

Nevertheless, if the compo worth favors the pirates, we would get an enchancment in that course, since in any other case the authorities cannot take care of it.

On the finish of March, OTE had 688 thousand pay TV clients and Nova about 310 thousand clients.

Though it’s troublesome to estimate with pirated subscriptions, it’s attainable that they exceed 500 thousand.

So, ought to the price of entry to the extra complete Sports activities packages come down, there is perhaps curiosity in respectable subscriptions.

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What’s “baking” at Profile

One thing was “baking” at Profile in the previous couple of days, with the volumes going up steeply, however yesterday it additionally made packages.

1.2% of the listed firm modified fingers, at a worth near its historic highs.

At 5.38 euros, that’s, they modified the packages.

Clearly, some are “organising” for the brand new IT story.

In any case, there are usually not many “representatives” left.

Nevertheless, Profile has a backlog of 130 million euros and its valuation on the board is someplace there… ie 128 – 130 million euros.

So it nonetheless has a method to go.

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Change of baton to Vassilopoulos

A street that the Dutchman Kees Rusius of AB Vassilopoulos is not going to have ultimately.

Adjustments are underway within the prime administration group of AB Vasilopoulos (as soon as once more).

Rusius, who had taken over at the start of 2021 the vp sourcing functionality improvement, i.e. the coordination of the chain’s purchases and provides, is saying goodbye, as his contract expires on the finish of 2024.

The Dutchman Rusius, who comes from the Albert Heijn subsidiary of the Belgian-Dutch group Ahold – Delhaize, which additionally owns AB Vassilopoulos, shall be changed by a Greek, Andreas Symeonoglou.

Symeonoglou, who will take up a job at AB from the start of September to ensure that the delivery-collection to happen with out stress till the tip of the 12 months, has a tenure within the meals and beverage sector as in recent times he held an administrative place at Pink Bull Hellas Monoprosopi EPE, whereas he additionally participated as a member of the Board of Administrators of the Affiliation of Greek Beverage Industries (SEVA).