Because the years of the final monetary disaster, not many reforms – which have a optimistic sign up society, let’s clarify – have had an emblematic character. The Borrower Rescue Act, referred to as the “Katseli Regulation”, which was the bailout of financially ruined debtors, was one in every of them. The opposite, which is extra extensively often called a enterprise device, is GE.MI.!
Two measures for the market
And even at the moment, GE.MI. along with the One Cease Service, which was in regards to the “condensation” of time for the creation of companies, have been evaluated by the World Financial institution and the OECD and the Greek financial system rose some 20 locations within the competitiveness index! And to attribute Caesar’s and these two initiatives – the creation of GE.MI. in its present type and the One Cease Service – belong to the then basic secretary of Commerce, from 2009 to 2014, Mr. Stefanos Komnenos!
“Birthday”
Tomorrow, subsequently, in a central resort of Athens they have a good time – roughly – the “birthday” of GE.MH., on the initiative of the Chamber of Commerce of Athens and beneath the auspices of the Ministry of Growth. In actual fact, Mr. Kostas Skrekas will take a break from the “hitting” of accuracy, to cope with enterprise. And it will likely be folks and folks.
Mr. Michalis Chrysochoidis(?)
The visitor star of the occasion shall be – if in fact his obligations enable him, the “looking of illegals” isn’t a simple job… – the then Minister of Financial Growth and Investments of the federal government of Mr. George Papandreou, Mr. Michalis Chrysochoidis! Then he too took a ministerial break in Kaningos sq. from the “crushing of illegality” and was attempting to… restore the market, which had collapsed! If in addition they invited the opposite basic secretary of the then ministry, Mr. Giorgos Stergiou, the longest serving individual on this place – I feel in the complete public administration – it could possibly be a reunion of Kaningos sq. veterans!
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FTSE 100
OT in a report yesterday on Might 13 wrote about three strategic selections that the market expects to ensure that HELLENiQ ENERGY to unlock new income for its shareholders and in addition to draw new funding funds.
So, I study that along with the aforementioned, the market expects yet one more information for the share of the vitality group.
Its entry into the most important index of the London Inventory Trade, the FSTE 100.
Let’s examine…
The dilemma…
Let me return, nonetheless, to the opposite information of HELLENiQ ENERGY, which concern its future within the electrical energy market. And on this unusual advanced that has been discovered, to be with one foot within the subsidiary of DEPA Emporia (Pure Fuel Hellenic Power Firm) and the opposite foot in Elpedison. The 2 corporations are opponents out there, and HELLENiQ ENERGY needs to remain in a single. And the dilemma that arises is to maintain 50% in Elpedison or 35% in DEPA Emporias?
DEPA Emporias
As is thought, the administration of HELLENiQ ENERGY has declared that it needs to depart, to promote its share to DEPA Emporias.
And strain is being exerted for the opposite shareholder, TAIPED (Greek state), to purchase its share. However since cash isn’t accessible, a situation has been launched out there: That the general public give the RES licenses of DEPA Emporia to HELLENiQ ENERGY and presumably money… My sources inform me that such a proposal was by no means placed on the desk…
Elpedison
However an important factor I study is how within the authorities to make any determination, i.e. whether or not TAIPED will purchase the share of HELLENiQ ENERGY in DEPA Emporias, they’re ready for the event within the negotiations between the Greek vitality group and the Italians of Edison for the destiny by Elpedison.
In easier phrases, if within the bra de fer HELLENiQ ENERGY – Edison wins first, then the situation of the sale of its stake in DEPA Emporias takes place. If the Italians prevail then HELLENiQ ENERGY will seemingly retain its stake within the pure gasoline enterprise.
HELLENiQ ENERGY has one thing like two doorways…
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The RAAEF for the Crete – Cyprus cable
The Waste, Power and Water Regulatory Authority (RAAEF) units the weighted common capital value of ADMIE within the two years 2024-2025 for the undertaking of the electrical interconnection of Crete – Cyprus (Korakia – Kofinou) at 6.3%. It’s in regards to the electrical cable “Nice Sea Interconnector” by which ADMIE is the undertaking promoter. This determination implies that the Operator of the Greece-Cyprus-Israel interconnection line shall be compensated by community utilization charges paid by Greek shoppers at a capital value of 6.3% for the primary two years 2024-2025.
The methodology
The draft Methodology for calculating the Allowed and Required Earnings of the ADMIE, which was permitted final Friday by the Regulatory Authority and was put up for public session yesterday till Might 27, considerations 37% of the entire value that’s shared on the Greek facet (the remaining 63% considerations the Cyprus). The earnings calculation elements embody, amongst others, market danger premiums (Market Threat Premium) and nation danger premiums (Nation Threat Premium), and so on.
ADMIE’s request
The RAAEF additionally accepts the request of the ADMIE for the existence of extra collateral within the occasion that the undertaking is in the end not applied because of exterior elements for which it isn’t accountable. Thus, the Supervisor will be capable to get better the quantities he pays inside 35 years.
Premium efficiency
RAAEF nonetheless accepts the Supervisor’s request for a 1% efficiency premium for the primary seven years of the undertaking’s industrial operation. The full value of the undertaking now quantities to 1.93 billion euros, elevated by 23% in comparison with the price that was initially decided by the joint determination of the 2 regulatory authorities of Greece and Cyprus in 2017. The undertaking ought to be accomplished by December 2029.
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