Fate seems to be playing strange games with the prime minister.
One of them is the TIF dates, but also the Moody’s verdict.
And let me explain: On Saturday, September 7, Kyriakos Mitsotakis will be in Thessaloniki and make announcements.
And as I learn, the focus will be on the housing crisis that is now affecting more and more households, as rents have soared into the… stratosphere!
There are also limits
However, the prime minister’s “gallantry”, whatever it may be, will not be great.
Because Moody’s is waiting for him. The only house that has given investment grade in Greece, that is.
The house will give its assessment on September 13.
Oper means he will have the bundle of announcements in hand and plenty of time to evaluate them… properly.
Something that Maximou knows, which is why the next 20 days, as I learn, will be feverish so that there is no announcement that would jeopardize a possible upgrade.
What will the prime minister choose?
The stakes of this TIF are high.
On the one hand, the government wants to divert the discussion from the latest events with the fires.
As much as an attempt has been made to change the climate, the discontent of the people is great.
But on the other hand he does not want to risk a positive verdict.
That’s why the market will take a wait-and-see attitude. What will be selected will be the next day’s message.
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Attica Bank in the final stretch
The developments at Attica Bank will gradually begin to accelerate.
The final approval of the Bank of Greece for its merger with Pancreatia is expected next week.
I remind you that the share capital increase of 735 million euros is planned for October, after the Extraordinary General Assembly of September 3.
Of these, up to 475.1 million euros will be paid by the HFSF and 200 million euros by Thrivest.
The exact shareholding percentages will be finalized after the completion of the share capital increase.
It is estimated that the share of Thrivest and other private investors will reach up to 58.5%, that of the HFSF will range from 35-37% and that of the State as a whole (HFS + e-EFKA) from 38.5-40%.
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Investor alerts
The Ministry of Energy is planning the creation of a notification service I learn.
That is, it will send alerts to interested investors about the deadlines of the licensing process and the expiration of licenses or contracts in renewable energy sources
The Ministry of the Interior will also provide for the acceleration of the installation of RES and CHP units for industries and businesses.
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A dubious solution…
However, the Ministry of Shipping is also preparing to use the technology in order to create an observatory of prices for coastal ferries.
It will be on the air for the next time, with the wishful thinking of the Ministry is to appease the great discontent that prevails over ticket prices.
There was not a little criticism leveled after all, with many choosing continental or nearby island destinations because they could not afford the exorbitant costs of the coastal ferries.
Incidents of arbitrariness will also be reported there, as will the accessibility features for the disabled, which have also garnered a lot of criticism.
Renewal of fleets
However, the ferry industry is expected to be very busy in the coming period.
In view of the new environmental regulations, large and significant funds will be required to renew the fleet.
And time is pressing, as from 01/01/2025 they will have to use low-sulphur fuel, which is also more expensive than common fuel oil.
If there are no upgrades to the existing fleet, therefore, or replacement, new fare increases are coming in order to cover the extra fuel costs.
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The front against China
European traders seem to be opening a front against the invasion of Asian products.
The European Federation of Electronic Commerce has asked the European Parliament to have equal controls for all products traded within European borders.
It is not a secret, after all, that European traders, and the Greeks together, are gradually losing market share, having to compete with giant companies, which, in fact, do not comply with the legislation of the European Union.
From the first euro
After all, there are enough cases that show that the rules for consumer protection, product safety, imitations, protection of personal data, etc. are not respected.
And this because being outside the EU they have no obligation to do so.
Thus, European traders are asking the customs authorities to carry out checks on imports from third countries on every product with a value of 1 euro and above.
Today they carry out sample checks on products over 25 euros.
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The “other” NOK of Kifissia
Probably another “law” prevails in Kifissia.
The Council of State saw this and temporarily “froze” the building permit, which was issued in accordance with the provisions of the New Building Regulations (NOK).
It concerned the construction of a three-storey house in the area of the traditional part of Kifisia, which, according to the appeal of environmental associations, would cause damage to the residential environment of Kifisia, due to its nature and extent.
The decision is welcome, but I don’t know if the judges of the CoE should take a walk in the other districts of Athens to see the deviations.
Or let the environmental organizations be more “sensitive” and active elsewhere, not only in Kifissia.
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