The rivalry between private clinics and insurance companies grows, the “campaign” of Schertsou, the “first” of Theodoropoulos, Avramar’s hourglass empties, THES Gala writes a new business plan – Economic Post – 2024-09-08 20:20:57

We’ve seen that in this country as well… industry turning against industry.

And I’m talking about the conflict between private clinics and insurance companies.

In fact, in the summer, a large group of private clinics sent an out-of-court letter to the Association of Insurance Companies, warning them to take legal action against the accusations made by representatives of insurance companies that they are responsible for increases in insurance premiums.

“Scapegoat”

What has happened? Representatives of the insurance companies “show” the private clinics as being responsible for the increase in insurance premiums.

In fact, heavy talk of a cartel has been heard, in an attempt to tone down the tone with customers – insured people who are protesting about the increase in insurance premiums.

But dropping the tones with the customers, they raised them dangerously, they convey to me, with the private clinics.

I remind here that exorbitant increases in health insurance premiums, especially in the old insurance companies, ranging from 12% to 15%, have been reported recently.

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The “campaign” of Schertsou…

I learn that Maximos has been trying to allay concerns about the enormous trade deficit lately.

In fact, the “mission” has been undertaken by the Minister of State, Akis Skertsos, who is trying to “advertise” the export performance of the country.

He even sees that the production of export products is on an upward trajectory in recent years … but he does not talk about the extraordinary taxes and the complex framework in which all these companies he cites are called.

I don’t know, in fact, to what extent it is positive in a five-year period when the GDP of the country increased by more than 22%, the industrial and manufacturing production in our country has increased by 2 units.

This question probably has no answer…

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But he must find…

For better or worse, he must find answers by at least October 24, when the open event of the Annual General Meeting of the BSE will take place.

This will also be the “first” of the new president of SEB, Spyros Theodoropoulos, who will openly advocate for the reconstruction of the production model and bringing the industry back to the fore.

It is possible that there will also be a guest from the business sector outside the borders…

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Two speeds

And if things in heavy industry are not so rosy, this does not mean that “light” is doing better.

And when I say “lightly” I mean retail.

It is well known that the market – especially of consumer products – consists of two speeds.

In the first are the multinational groups. Known! Which also control the lion’s share.

In second gear are – mainly – the medium-sized Greek production companies.

Where their presence has shrunk. And this is known!

But as a market source with an excellent view of things told me, the commercial policy of the two “components” is – necessarily – different, given that each has different capabilities and margins.

Family friendly

The first, the large category, presumably consists of commercial enterprises, whose cost burdens are limited.

Pricing is done by the parent group – within the “family” that is.

The second category is exposed to all the “winds that blow” in the national and international market.

Survival rates

As the specific producer told me, many Greek production companies during the last few months have proceeded with price increases, effectively transferring to the retail price the burdens that have been incurred in the previous stages of production – raw material, energy, transport costs, labor costs.

These are survival rates!

And of course they have suffered the “penalty” of the legislation. In other words, they cannot offer offers for the specific codes for a period of three months.

The bouyurdi!

Of course, he also noted – irritated being – that “accuracy is not only the prices in supermarkets, but also in many other categories of services”. Makes sense.

But the Minister of Development Takis Theodorikakos mentioned in an interview, among others, that 26 companies – mainly multinationals, but not only… – are under the control of DIMEA.

And I bet – I think for sure… – that soon names and fines will come out.

These polls that push, push, push… are also dishonest.

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Avramar’s hourglass is emptying

The time for submitting binding bids for the acquisition of Avramar is counting down.

Sources in the know say that prospective investors will have to submit their final proposals between September 15 and 20.

The same sources state that in addition to the two schemes considered to be schemes from Spain and the Middle East, it is not excluded that there will be a third from the domestic market.

However, until this moment, the candidates ask for and receive information about the financial situation of the company and the course of its sales.

“Haircut” of loans

However, the “haircut” of bank loans will play a catalytic role in the new effort to consolidate the fish farming sector, because this is what Avramar is a leader in the field.

Without this, as reported by people who know people and situations, there is a risk that we will again discuss about… rescuing the company in a few years.

They point out that the whole process of changing the ownership status should be done as quickly as possible, since the company’s liquidity is on a razor’s edge.

The money from the mezzanine funding he received starts and ends….

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The second life of THES Gala milk ATMs

Remember milk ATM’s? The vending machines set up in Attica by the cooperative THES Gala during the crisis?

This project, which was a great success in the Greece of the Mnemonia but ended up collapsing, is being attempted to be revived by the Kantonias family.

Thessalian businessmen who control the Cosmos Aluminum industry have acquired the brand and production unit of the cooperatives and are preparing to relaunch the dairy products.

Of course, there is no reason to relocate the ATM’s. This venture failed. The sale will be made through supermarkets and grocery stores.

That is, through the orthodox road, where millions of consumers attend every day.

Information indicates that the family’s aim is to enrich the range and implement investments to modernize the production lines.

To their interlocutors, the Thessalian businessmen who fully took over the business 4 to 5 months ago acknowledge that it is a difficult business with small profit margins and huge turnover.

In the next period, as we learn, a business plan is expected to be drawn up, where the strategies and goals will be specified.