The “fours and fours” of Theodorikakos with industrialists and the request of Giotis, the hat with the water meters and the opening… within the APE accounts – Financial Postman – 2024-06-27 22:14:00

If there’s a topic with which – with out falling on the desk, it’s merely talked about – businessmen, primarily within the shopper merchandise market, get … “anaphylaxis”, it’s the “gents’s agreements”! That is an previous and virtually “infamous” tactic for the business, which traces its origins again to the mid-Nineteen Eighties. Since then, numerous ministers and under-ministers of Commerce or Growth have introduced it and introduced it again to the fore with often unlucky outcomes! Now why did I bear in mind this?

Conferences

As a result of talking with numerous individuals out there to get a glimpse of their intentions concerning the “one-on-one conferences” that the Minister of Growth Mr. Takis Theodorikakos needs to have, I discovered a tightness. I do not know if it was within the abdomen – as a result of the communication was by telephone – however it was positively within the speech of my interlocutors. Okay, if they’re known as they are going to make their “hearts of stone” and go to the minister’s workplace. However I do not suppose these conferences will yield nice outcomes. However let’s not choose the intentions and let’s not prejudge the developments….

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On Friday SEVT

Institutionally, nevertheless, issues are completely different. Tomorrow, Friday, representatives of the administration of the Affiliation of Greek Meals Industries (SEBT) are going to fulfill – the re-elected president amongst them Mr. Yiannis Giotis. Mr. Theodorikakos will as soon as once more handle them with the exhortation to “drop the costs” – okay, the … central concept shall be this – and they’ll, in precept, present him with a whole memorandum with the positions and issues of the sector. And they are going to be strictly positioned on it. By the e book!

The ceiling

I ought to after all observe that the businesses within the sector – particularly the multinationals – are those which have been “gifted” with a number of fines of tons of of hundreds of euros – way more than the grocery store chains. Specifically, nevertheless, the representatives of SEBT will confer with the massive drawback, which is none aside from the ceiling on the gross profitability of companies. And that that is what prevents a extra versatile industrial coverage to be adopted….

And the non-public label

In fact they may also inform their woes. Which is none aside from the truth that the “family basket” introduced non-public label merchandise to the fore, which have taken off – their share is bigger than 27%! In consequence they lose both gross sales or earnings. Gross sales as a result of pls run at greater charges than branded merchandise and lose market share and earnings as a result of by making an attempt to compete with them they enhance affords and subsequently value of gross sales. I must also level out that the hyperlink presumptively represents Greek and multinational corporations of branded merchandise. Mr. Giotis will convey these and numerous different issues to Mr. Theodorikakos. And in addition that the “one-on-one” conferences with the heads of the multinationals are one other chapter….

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Competitors Fee

Let me take you to a different market information with a sizzling background…

Yesterday it grew to become identified that the Competitors Fee “carried out an on-site inspection of numerous corporations as a part of an ex officio investigation for attainable horizontal collusion within the falsification of public tenders (bid rigging) associated to the digital administration of the water provide community, i.e. the provision and set up of built-in distant monitoring and distant management programs of family water meters in water provide networks”.

Because the unbiased authority explains “water meters are used to measure water consumption. The digital administration programs of the water provide community use superior wi-fi knowledge transmission applied sciences and allow the monitoring of water consumption with a excessive diploma of reliability.”

Municipalities and the hat…

So I am studying how the entire market is buzzing about this situation.

Many, many municipalities, some inform me perhaps 100 within the nation, held tenders for the provision of water meters as a way to set up them within the water distribution community and on this method precisely measure the consumption of their residents.

Effectively, one thing, my sources inform me, has been performed with these tenders… I will not inform you a lot… However I study that whereas a digital water meter prices 100 euros, the municipalities procured it for 400 euros…

We’re not speaking a few hat however a sombrero…

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RES

And from the hats… to the costs let’s go to the deficits in accounts.

I’m knowledgeable that the producers of electrical energy from renewable vitality have discovered a listening ear within the Ministry of Atmosphere and Vitality (YPEN). In accordance with data, of their assembly with the political management of the ministry, they proposed options as a way to shut the “gap” of the ELAPE, i.e. the Particular RES Account, which covers the funds of the tasks which have secured operational help (tariff).

The opening…

Allow us to recall that based mostly on the newest estimate of DAPEEP, ELAPE is predicted to shut in 2024 with a deficit of 232.56 million euros, a forecast that foreshadows attainable delays within the compensation of producers.

The options

Their proposals to the Ministry of Inside included three options that may result in a rise within the Particular Account’s inflows: the rise within the share of revenues from the auctions of CO2 emissions rights, the allocation of the 200 million euros which have been dedicated from the Restoration Fund funds for the enrichment of each accounts of ELAPE (for the previous and the brand new tasks) and eventually the imposition of a price for the provision of electrical energy (one thing just like the previous PCHEFEL provider price that was abolished in 2019).

Breathe…

The management of the Ministry of Inside appeared to pay attention positively to the proposals as, if adopted, it should keep away from the rise of ETMEAR, which is able to burden the payments of shoppers.

The management of the Ministry of Atmosphere and Vitality most likely took a breather…