The non-existent Metavasi S.A., the departure of Makris from SELPE, the bell of KEPE and why Skylakakis is sniggering – Financial Postman – 2024-07-04 06:24:32

Virtually 5 years have handed because the authorities introduced the transition of the areas of Western Macedonia and Arcadia to a brand new manufacturing mannequin as a part of de-lignitization. The lignite factories and the actions round them gave life to the native communities for years and likewise a big improvement within the areas. In 2019 and 2020, an formidable grasp plan was introduced for the transition of those areas, which was additionally accompanied by massive enterprise tasks. Within the context of this plan, the corporate METAVASI SA was created which might play the position of managing the group assets, which have been secured for this goal, but in addition for the implementation of the grasp plan.

No funding…

5 years later and one after the opposite corporations that had introduced their huge funding plans withdraw their curiosity. Forms, low incentives in addition to adjustments in enterprise plans resulted within the aforementioned tasks being shelved.

METAVASI SA, in line with what individuals out there and likewise from the native communities inform me, has basically a non-existent challenge. Even packages to assist smaller companies are delayed, as are the assets… A number of protests are going down, I perceive, within the related authorities ministries.

Ambiguity

Nevertheless, aside from this, packages which can be introduced, such because the €27 million challenge to create an “Entrepreneurship Help Mechanism for the Simply Developmental Transition” are judged by the market to be unclear as to their goal…

Normally, the plan for the Simply Developmental Transition of the lignite areas was left with coal…

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Mr. Antonis Makris

Mr. Antonis Makris, as is thought, was for a number of years the president of the Greek Retail Enterprise Affiliation (SELPE). The affiliation that brings collectively all the massive industrial corporations of the Greek market, aside from the meals sector – maybe one or two corporations from the grocery store chains may even take part. He was the primary “supervisor – president” of the affiliation, succeeding Mr. Theodoros Vardas – of the eponymous chain of males’s clothes shops – when he retired!

Within the period of the troika

He took over at a time when the financial disaster mercilessly hit the sector and led to the shrinking of the companies that have been members. Some even disappeared from the enterprise map. Some have restricted their footprint available on the market and others have managed to develop. He was president in the course of the interval when the well-known – and notorious for a lot of – troika practiced financial coverage. In essentially the most troublesome interval of Greek financial historical past after the top of the civil conflict.

From the market

He himself has been an natural a part of the market and certainly of {the electrical} home equipment sector – a prime govt. And his impeccable document, in addition to his deep data of the market, have been the primary standards of the affiliation’s businessmen to simply accept him and elect him to the place of president. After all, he was examined from the place of common director of the affiliation for a number of years. And he turned pre-eminent!

He retired

In yesterday’s SELPE elections, Mr. Makris retired from representing the affiliation. From my place I’ve to confess that the outgoing president was “like prepared for a very long time” each time I referred to as him on the telephone. As I used to be informed, within the subsequent few days the brand new composition of the board of administrators of SELPE might be introduced.

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Is there a drop?

In the meantime, from what I am informed from the patron items market, June was a little bit of a troublesome month. And I’m ready to see if the estimates – which have been conveyed to me – that there’s some decline in consumption might be confirmed. And it is because often within the June-August quarter, with the arrival of vacationers, consumption will increase…

“Holding”

Additionally from the vacationer market, which this yr “goes a bullet” – the early excessive temperatures in Might and June helped, in distinction to the corresponding months of 2023 – I used to be informed that there’s a “retention” from overseas in August bookings. I can not interpret it. This specific month is the “coronary heart” of the vacationer season – and additionally it is strengthened by home tourism. However it will likely be seen….

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The KEPE

KEPE estimates for the event of the Greek financial system have been launched. And if my reminiscence serves me proper, that is the primary time that the forecast for the expansion charge of the Greek financial system in 2024 is ready beneath 2%. Particularly, the forecast speaks of 1.9%! And because the earlier forecast has been revised downwards – it “noticed” progress of two.2%!

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Mr. Thodoros Skylakakis

It has been some time since I wrote you some information in regards to the Minister of Surroundings and Vitality, Mr. Theodore Skylakakis.

The reality is that he himself has been working with fairly sizzling matters within the final interval, such because the institutional framework for cuts in RES, the problems of the constructing bonus, and many others.

Nevertheless, if nothing else, his everlasting concern can also be electrical energy tariffs.

Competitors

On the event of the bulletins of costs for the inexperienced electrical energy tariff in July, and the truth that the suppliers absorbed a few of the costs they’d from the will increase of the wholesale market, associates of Mr. Skylakakis informed me how he feels happy.

Not after all from the truth that the costs for July are greater than in June, however from the truth that the coverage he selected with the duty to offer a inexperienced electrical energy tariff is bearing fruit.

In less complicated phrases, it has given one other enjoying area to suppliers leading to a plethora of decisions for customers.

Along with this, the particular or inexperienced tariff can also be a barometer for the formation of costs in blue or mounted and yellow or floating electrical energy tariffs.