The reply Karavia, the Arbitrator for the dispute DEPA Emporias – Gazprom and what do Hollande, Hadjitheodosiou, Skrekas and Kasselakis have in frequent – Financial Postman – 2024-05-15 13:47:51

The Greek economic system is on a development trajectory in comparison with the Eurozone, though as famous by analysts, economists in addition to bankers and entrepreneurs, the charges of enhance are largely attributed to the assets of the Restoration Fund and the pace gained after the exit from the pandemic.

From right here on, with a purpose to help the Greek economic system, financing from the banks and naturally funding plans in addition to reforms are required.

Overview

Banks, due to this fact, are receiving harsh criticism from small and medium-sized entrepreneurs for conserving the cannulas of financing closed for small-sized corporations.

And it’s not just a few occasions that bankers are known as upon to reply to this criticism.

Mr. Fokion Karavias

Yesterday, the managing director of Eurobank, Mr. Fokion Karavias, took the baton to reply.

Throughout a panel organized by Kiklos Ideon, he introduced some info looking for to argue on behalf of the banks. As he stated, there are about 900,000 authorized entities (TINs) for small and medium enterprises. In response to him “slightly over 100,000 have snug entry to financial institution lending, with intense competitors between banks and with margins which can be falling”.

However what in regards to the remaining 800,000? “Are they bustling companies which can be suffocating? No”, requested Mr. Karavias, answering on the identical time.

And he defined: “Of the 880,000 companies, in keeping with ELSTAT information for 2021, 540,000 don’t have any staff. One other 250,000 make use of as much as 4 staff. Solely 80,000 have greater than 5 staff. There isn’t any enterprise with a monetary base that brings a dependable marketing strategy and doesn’t obtain a mortgage. I’ve repeatedly requested for ‘give me an instance’ of funding that we’ve got unjustifiably rejected…,” he concluded.

The standards

And the CEO of Eurobank described one other image that banks face when small companies come to them to request a mortgage: “The analysis of a mortgage takes into consideration the declared turnover and the corresponding profitability. One can’t under-declare and anticipate the financial institution to offer him a mortgage based mostly on an assumed or certainly totally different true image of his funds, with out bearing in mind the declared earnings or the declared earnings of the enterprise…”

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DEPA Commerce

Let me take you slightly additional on the problems of power.

And particularly within the pure gasoline sector and within the dispute between DEPA Emporia and Gazprom. As is well-known, the 2 corporations, after negotiations, failed to succeed in an settlement on the problems of costs and different phrases of the contract that governs their transactions.

And so there was an attraction to Arbitration.

The referee

I perceive that the method of DEPA Commerce’s attraction to Arbitration is progressing usually.

All of the procedures are underway and in a single to 2 months it’s anticipated that the Arbitrator will likely be appointed.

Nonetheless, no matter whether or not the Greek firm or the Kremlin’s power big will likely be vindicated, Russian pure gasoline flows abundantly within the home market…

However I will speak about that one other time…

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Congress

Amid the pre-election boredom and exhaustion of the times, the heads of small and medium businessmen determined to “fire up the waters” and produce political occasions. Sure, sure, precisely as you learn it. Political occasions!

The president of the Skilled Chamber of Athens, Mr. Yiannis Hatzitheodosiou, and the president of the Normal Confederation of Skilled Craftsmen and Retailers of Greece, Mr. Giorgos Kavvathas, collectively and in collaboration with the Economist, determined to arrange the next Saturday, Might 25, a convention regarding in Europe. Its theme is “SMEs: innovation, competitiveness and prosperity in a risky financial setting”!

Francois Hollande

The attention-grabbing factor on this case is the coexistence of assorted political “varieties”, that it’s tough to seek out all of them collectively in a single place! In fact, the visitor star of the convention is the previous French President Mr. Francois Hollande. Socialist in political origin and identified to us for the reason that disaster years. And from the protagonists in the course of the interval of the SYRIZA – ANEL authorities – you bear in mind the “Merkel – Hollande” duo, properly, that is precisely him. Solely this time he’ll speak about Europe. I do not know if there may be any assembly with the previous Prime Minister Mr. Alexis Tsipras – though they met comparatively lately in Paris…

The middle-left group

However probably the most attention-grabbing duo – up to date this time – who will in all probability sit in adjoining armchairs, until Messrs. Kavvathas and Hatzitheodosiou mediate between them, are Messrs. Stefanos Kasselakis and Nikos Androulakis. The 2 presidents of the most important events of the center-left, are among the many audio system of the convention, and one succeeds the opposite on the rostrum! With two ten-minute speeches!

Mr. Kostas Skrekas

However I’ve to confess that Mr. Hatjitheodosiou and Mr. Kavvathas, who additionally belong to the center-left, proved to be wonderful balancers. One understands this by studying this system. Even the president of the “New Left” parliamentary group, Mr. Alexis Haritsis, will likely be a speaker. However do not suppose that the federal government facet lacks its presence. The burden of illustration appears to me to have fallen on the “shoulders” of the Minister of Improvement Mr. Kostas Skrekas – he’s the primary of the audio system from the seven-member authorities echelon, who will take part within the discussions. It’s true that the federal government presence is “satisfying”! I have no idea if he’ll meet with Mr. Hollande. However it will be attention-grabbing.

And Mr. Haris Doukas

And let me inform you that Mr. Skrekas will take the stage proper after the French former President. However I can see – politically talking – that among the many audio system collaborating from the facet of PASOK/KINAL are Mr. Manolis Christodoulakis and the mayor of Athens, Mr. Haris Doukas. Fascinating time notation….