“The communication ‘enhance’ of the financial system has reached a restrict. Which is after all removed from the cruel actuality. It does not go any additional.” That is what a authorities official informed me a number of days in the past – no, he was not anti-Mitsota, something however! – and added that “Hatzidakis is making an attempt to get issues collectively. He restricted advantages, tries to gather part of tax evasion by connecting money registers with POS, imposed the ‘head tax’ on freelancers. And it’s because the issues to come back could also be troublesome. And in any case it is going to be from 2027 – in 2026 the Restoration Fund expires – till 2030”!
Exterior of elections
My interlocutor didn’t point out in any respect the pre-election rumors that the Greek financial system is the … success story of the European Union! He averted it as a result of he’s a humble particular person….
Unusual actions
However let me add the next to all these observations: firstly, Mr. Hatzidakis’ request for a inexperienced growth fund, which he requested in his latest speech in Brussels. Secondly, the truth that as revealed by the pinnacle of the SYRIZA-PS Finance Division, Mr. Nikos Pappas, the … half of the medium-term program was despatched to Brussels. Does this imply one thing? I do not learn about it for the time being!
Modifications?
And thirdly, there has just lately been a rumor, in keeping with which within the upcoming reshuffle – which is not going to happen after the European elections, however reasonably on the finish of August and forward of the TIF – it isn’t excluded, says the Minister of Nationwide Economic system and Finance, that he’ll transfer to Vasilissis Sofias and that Mr. Theodoros Skylakakis be appointed in his place. And naturally the faces give the mark of the coverage to be adopted! I say it is a rumor. However of 1 factor make certain that the “reply” will come to us after June ninth….
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The dividends
Countdown for financial institution shareholders, who will quickly be capable of hear the excellent news about dividend funds.
However the managements of the banks are additionally prepared and have made their plans. Eurobank and Ethniki will distribute 30% of the earnings from the 2023 monetary 12 months, Alpha Financial institution 20% and Piraeus 10%.
Frankfurt
The local weather conveyed by the analysts who participated within the convention calls with the banks’ managements is constructive. In a number of weeks the information popping out of Frankfurt will probably be good. SSM will give the inexperienced gentle and the aforementioned revenue charges are locked in, say the boldest.
The financial figures
Nonetheless, in keeping with what the analysts are commenting on, the outcomes of the primary quarter of 2024 are encouraging for the present 12 months’s efficiency. And actually, the objectives that have been deliberate is not going to merely be achieved, analysts at all times say, however the performances are anticipated to be even increased.
The difficulty…
So all good to this point. However the bankers have an issue… And it’s none aside from credit score growth, which appears to be caught… Issues are troublesome. Housing credit score isn’t slipping…, whereas within the enterprise credit score sector as properly, clients proceed to make early repayments as excessive rates of interest don’t depart them a lot room for brand new loans or to proceed paying off present loans over time…
With the glass…
Nonetheless, banks are wanting with binoculars… to search out new clients. In useless! The CEO of Eurobank, Mr. Fokion Karavias, gave the reason in the course of the Concepts Circle: “Over 800,000 companies don’t have enough information to doc the granting of loans…”. And he emphasised: “Convey me an organization with a credit standing that requested and we did not give them a mortgage…”
Hassle…!
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The Tribe enterprise park
Final week it turned identified that the tender for the concession of the property of the municipality of Fylis for use as a enterprise park is beginning.
A big undertaking that requires investments of tens of tens of millions of euros and might mobilize funds amounting to 1 billion euros.
The primary time
The competitors is run by the PPF of TAIPED, underneath the mandated advisor Mr. Panagiotis Stampoulidis. Additionally, the contribution of the president of the Fund, Mr. Athanasios Ziliaskopoulos, is essential as he’s additionally the pinnacle of the nationwide logistics committee.
Other than these, the distinction of this specific competitors, from others that TAIPED has run for a few years, is how it is going to be completed with the tactic of aggressive dialogue. And it’s the first time that the PPF will run such a contest.
The candidates
This can be a large guess for the administration of the Fund. What I’ve to inform you is that in keeping with the phrases of the competitors the deadline for the decision for expressions of curiosity is June seventeenth. Those that come will take part within the aggressive dialogue – it would decide the phrases of growth of the undertaking – after which solely they may have the correct to submit bids.
I study, nevertheless, how the curiosity is nice. Each from Greek and worldwide gamers. I am even informed that the grace… of the Tribe’s enterprise park reaches so far as New Delhi…
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