The “secret” appointment for Notos and the “apparent” appointment Kasselakis – Stournara, the “firefighter” Patelis, the Karavias trace, the Terkenlis lock and HEXA’s plans for ENA – Financial Postman – 2024-07-25 14:29:49

Assembly, the place mutual explanations got, we be taught that the heads of Dimand and Notos Com had final week.
The rationale; The event plan for the property in Omonia that housed the previous “Lampropoulos”.
Dimitris Andriopoulos and Michalis Papaellinas had the chance to alternate opinions and make clear many “cloudy” factors in a great ambiance.
The aspect of Notos Com, which rents out the area, said as we’re knowledgeable categorically in opposition to the undertaking of reforming the property and the addition of recent makes use of (residences and workplaces).
It’s, in spite of everything, the flagship of the group that’s making an attempt its full restoration, after the liquidity issues it has confronted lately.
The ball is within the court docket of Dimand and Piraeus, which owns the property for the way in which it chooses to proceed…

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Explanations that didn’t persuade…

Along with the reasons between the heads of Dimand and Notos Com, the federal government can also be making an attempt to provide explanations.
I feel nobody within the authorities anticipated that there can be such protection internationally for the “6-day” work.
There was no main worldwide media that didn’t discuss in regards to the plans of the Greek authorities.
He was caught off guard, and Maximus rushed after the feast to clarify what he needed to do.
Minister Kerameos tried, however made issues worse with the “emergency shift” factor.

The “firefighter” Patelis

That is how Alexis Patelis undertook to speak to foreigners what the federal government tried to do.
As I be taught, he advised the foreigners that now Greece gives the choices of each 6-day and 4-day work.
He even downgraded it citing that solely 0.076% of companies responded to the brand new “possibility”.

Productiveness

However Patelis didn’t conceal his concern in regards to the vacant jobs. , it is a “legacy” of the mind drain, since many firms discover it tough to search out certified personnel.
Indicatively, within the 1st quarter, the variety of job vacancies in Greece elevated to over 70 thousand, the best since 2009.
In different phrases, the proportion of the inhabitants that’s of working age and doesn’t take part available in the market is worrying.
To not point out productiveness. Eurostat figures confirmed Greek productiveness (per hour labored) was 30% beneath the bloc’s common final 12 months.

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PPC mannequin in… Hypertameio

Nevertheless, to remain on the problem of attracting staff, the PPC mannequin, which was carried out just a few years in the past, will probably be adopted by the federal government for the participations of the Superfund as effectively.
That’s, for the federal government entities it can handle – akin to buses and postal companies. The purpose is bigger flexibility in recruitment and remuneration.
I remind you that the related issues will probably be voted on subsequent week, i.e. earlier than the Parliament closes for the summer season holidays.
The Superfund will take in each the HFSF and TAIPED, whereas Greece will set up a sovereign funding fund, with an preliminary capital of 300 million euros.

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The Caribbean trace

The funds of the funding fund are few, if one critically takes into consideration what Fokion Karavias of Eurobank mentioned at yesterday’s Basic Meeting of shareholders.
He neither extra nor much less repeated what he has been saying for years.
Rising funding should be a nationwide precedence at the moment for Greece. And to this point funding is beneath the EU common.
“To grow to be the Pole Star of financial coverage for the subsequent few years”, mentioned Karavias characteristically.

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Nobody ignores the banks

Nobody ought to ignore the banks and I like to recommend that the federal government hearken to the bankers at their shareholders’ conferences.
Not just for herself, but additionally for the market. Many could not prefer it, however the local weather in Athens Avenue is influenced by the banks.
With out in fact ignoring the attractive actions we have now seen in different titles.
However when the banking trade strikes or “talks”… it all the time raises market curiosity.

The assembly between Kasselaki and Stournara

Nevertheless, it appears that there’s a politician who needs to hearken to the bankers.
And I seek advice from the president of SYRIZA, Stefanos Kasselakis, who right this moment goes to fulfill the governor of the Financial institution of Greece, Giannis Stournaras.
As I perceive the assembly was requested by the chief of the official opposition. And naturally what would be the focus of the dialogue? Attica Financial institution…
If nothing else, the assembly will probably be fascinating and plenty of available in the market in addition to in politics will wish to know what was mentioned on the assembly earlier than they go on trip. I am nonetheless late for trip so no matter I be taught I will cross it on to you…

The third financial institution day

The market, nevertheless, earlier than occurring trip, is ready for the three days of July thirty first and August 1st and 2nd.
First, Piraeus and Eurobank, then Nationwide Financial institution and Optima Financial institution and at last Alpha Financial institution will announce the outcomes of the second 3 months.
And the estimates already communicate of dimension stability, confirming the goal values.
If there’s any shock, no, we could have modifications.
Maybe the market will subsequently go on “vacation” from the second week of August.

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New Child in City

Earlier than the market leaves for the vacations although, a younger workforce’s firm is now on the AX’s ONE.
We had been stuffed with anticipation {that a} 40-year-old, the President and CEO of Softweb, Mr. Charalambos Dimitrakopoulos, rang the bell on the Greek inventory market yesterday.
Nice expectations, everyone’s watching you… because the tune New Child in City by the Eagles says.

ENA is of European requirements

Welcoming the representatives of Softweb, the Managing Director of the Athens Inventory Alternate Group, Mr. Giannos Kontopoulos, additionally referred to the position that the Different Market can play in financing the event packages of small and medium-sized and modern firms.
He additionally talked about that the Athens Inventory Alternate has already initiated the licensing of ENA. as SMS Development Market, in response to European requirements.

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There are different options…

And from the Different of Kontopoulos… to the choice of Terkenlis.
However first the Thessalonians should be left with just a little… bitterness.
Terkenlis put a “padlock” on the shop on Mitropoleos Avenue, after 25 years of uninterrupted presence within the coronary heart of town.
In line with info from market circles, after the lease expired, the proprietor of the area requested for… the sky with the celebrities, demanding an enormous improve in hire.
The truth is, the ultimate quantity of the hire reportedly exceeds 20,000 euros per 30 days.

Paid… reply

The CEO of the confectionery chain, Pavlos Terkenlis, strongly refused these calls for, with the shop closing its doorways, doubtlessly displaying others the way in which, at a time when rents are rising at a breakneck tempo.
Nevertheless, the shop renewed the appointment with its loyal clients as, because it said in its farewell announcement, “coming quickly, with a brand new proposal within the metropolis heart!”

It is not simply the rents…

Should you ask me if Terkenlis did effectively… I’ll say that he did effectively.
His model is so sturdy that he does not want the posts… because the People say.
The Thessalonians will once more discover his subsequent put up.
In spite of everything, it is not simply rents which are working like loopy.

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It’s also the power value

Richters within the home electrical energy market held effectively…
The latest occasions within the home electrical energy market don’t allow us to neglect them.
The excessive costs within the wholesale power market that arrived from Hungary to Greece by touring… a distance of 1,000 km, is a phenomenon that we are going to see very often so long as {the electrical} interconnections between the international locations stay weak.
That is what market sources inform me, to arrange us…
Nevertheless, in response to the identical executives who work for power firms, the scenario on the Hungary-Austria junction could normalize because the excessive temperatures subside, however typically densely, they inform me, we’ll see corresponding tremors… from the Ukrainian aspect.
The nation’s electrical energy grid and infrastructure have suffered huge injury from the Russian assaults, with the outcome that nobody is ready to know precisely the power wants of its residents.
On the whole, join…

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Fatigue

As a result of when you do not be part of… we’ll see larger issues within the buying energy of the Greeks and by extension within the retail commerce.
There’s already plenty of concern available in the market from the drop in retail turnover.
As proven by ELSTAT knowledge launched yesterday, from April to Might there was a lower of three.3% and amounted to three.72 billion. euros from 3.84 billion euros.
The above means “bell”, because it exhibits indicators of consumption fatigue. In spite of everything, through the years 2021, 2022 and 2023 there was a rise in turnover from April to Might.
On the similar time, the “unhealthy tongues” of the market say that the image of summer season gross sales is beneath the to this point, primarily within the clothes and footwear sector, which is immediately depending on the particular time interval.