A coin has two sides. And so the outcome of the US electionwhich indicated a period of legislative omnipotence is now coming for the next president, Donald Trump, and the Republicans.
For many, a “golden age” is coming, as Trump himself said.
Not for everyone though…
Beyond the American dream…
All this climate of polarization that has shadowed the United States has opened a reverse channel, historically rare. Especially for a superpower.
A migration channel from… the USA to Europe.
Now you may be wondering why I am saying this…
Because among the hot destinations is Greece.
Of course, Portugal is ahead, as is Italy.
But offices have already been set up to guide those interested in the use of the Golden Visas measures, with Greece as well!
Who would have expected it…
Who would have expected that a century after the huge waves of immigration to the USA, we would see “returns”.
Bloomberg, Forbes, New York Times already refer to this phenomenon.
After all, the possibility of telecommuting now… works wonders.
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And the… another wave
Now to get down to the nitty-gritty. Many citizens may see the exit from the American continent, but I think very soon the businesses will have to see the entrance…
This is also the essential difference of the new Trump administration, under the threat of tariffs.
You can read many analyzes in the pages of the OT from yesterday, which emphasize that the “treatment” against duties it is the “Americanization” of the production of foreign companies.
Made in USA
Thus, many foreign groups are trying or will try to acquire an American identity.
The Brazilian cement manufacturer Votorantim has already announced that it will establish a company based in New York. In the same sector, the Swiss company Holcim is preparing to take similar steps.
And the Greek Titan… through Titan America, which is also preparing for its IPO in the American market.
After all, it has not been long since Cenergy also declared impressed with the reception made to her by the American authorities, regarding her factory in Maryland.
Don’t forget the opening to the US market by the serra dairy industry Kri Kri, after Intralot and Sunlight already present there.
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Europe… remains hostile
And while the world is experiencing these tectonic changes, Europe is struggling with… business.
It is characteristic after all the example of Unicredit with its plans at Germany’s Commerzbank, which have sparked protests from the German elite.
I remind here that a significant contribution to Unicredit’s good results in the third quarter of the year was the unit sold to it by Alpha Bank in Romania.
In fact, the great Andrea Orcel also announced a takeover in Poland…
Do you understand what all this means? The European Competition Commission will soon be involved.
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Polychrome
Chamber elections may be on the sidelines of public debate, but in any case they are interesting. And political.
For example, there are not a few chambers, where the governing faction descends split with two and three combinations.
But there are also enough conflicts that divide New Democracy.
Anyway, it’s not all black.
There are also chambers, where “only love” prevails!
The BEA
Take for example the case of the Athens Chamber of Commerce. There, therefore, the current president Mr. Pavlos Ravanis is leaving – together with Giorgos Kyriopoulos they were probably the longest serving presidents of BEA after 1974.
And his successor is Mr. Kostas Damigos. Who managed to … “square the circle”!
Mr. Vasilios Kostetsos
Indeed, for the first time in the last fifty years, a unified ballot is cast in the BEA – that is, all the political nuances of chamber trade unionism are present!
And not only. One of the places on the ballot graces with his presence and the fashion designer Mr. Vasilios Kostetsos!
Yes, yes you read that right – he is taking his first union steps.
Who knows later, the future may hold surprises!
And the KKE
I should also note that within the ballot – the single one – the presence of the trade union faction of the KKE is also evident!
For this very reason, BEA broadcasts… “only love”….
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The silence broke…
A few days ago I was wondering about the press conference given by its CEO Barba Stathis Mr. Nikitas Pothoulakis.
After years of silence, he spoke about his investment plan for the next 5 years. So it seemed that the CEO finally had something on his mind and we are now seeing it unfold with the sale to Ideal.
For those who don’t know, Barba Stathis has created a whole range of products, exclusively for export, through a German “channel”.
In other words, we will see emerging… hidden values.
Investments in education as well
In general I see a lot of plans being announced, in other industries as well. In fact, recently, that of education has become another play for domestic and foreign players.
Just yesterday, that is, at the Theocharakis Foundation, the Doukas schools presented their new investor.
I remind you that this is the educational group Cognita Europe & US, the founder of which is the fund Bregal Capital.
In 2018, however, Jacobs Holding (foundation of the family that owns the Jacobs coffee brand) acquired the Cognita group from Bregal.
The extension…
Management will remain in the Doukas family and there will be expansion. On the educational front, not higher education.
All roads lead to Elliniko, where other such units will be developed. They are not the only ones…
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He won’t have left them alone…
Okay, I may have criticized the infamous MEP Giorgos Autias a lot, but I see he won’t leave Brussels alone.
He asked the Commission a question about the issue of profiteering by multinationals from country to country and received the answer that the issue will be examined, while committing to the imposition of fines.
Of course, to say everything… the Commission is obliged to answer. In practice he loses it somewhere.
But it’s good that someone bothers the European bureaucracy…
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Like the Greek…
Like Greek. Because I see the pharmacists “pop” one after the other. Unless that’s what the government wants.
Because every year there is a budget for vaccines. The state budget also provides “air” in case it exceeds the initial limit.
This year, however, due to the very expensive vaccines included in the prescription, the initial fund together with the margin ran out very quickly.
The CFO’s mistake…
What is even more infuriating is that the financial directorate of EOPYY requested a simple budget amendment of the organization, while it should have requested a Joint Ministerial Decision to amend the state budget.
And all this because the financial director was new…
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Debt Lessons
An interesting event at the Bank of Greece is taking place today, with several… lessons on Public Debt.
It’s good to hear what the participants have to say.
The first panel will feature Giorgos Chouliarakis and Philip Lane, member of the Executive Committee of the European Central Bank.
And in the second the commander Yannis Stournaras, with the Minister of Finance Kostis Hatzidakis and the General Director of IOBE, Nikos Vetta.
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No surprises…
It was Ellaktor’s turn to be delisted from MSCI’s Small Cap index, following the index’s planned quarterly restructuring. The change will take effect on November 25, 2024.
There were no changes in the Global Standard Index for Greece.
Thus, the 9 shares of OTE, OPAP, Jumbo, PPC, Eurobank, National Bank, Metlen, Alpha Bank and Piraeus Bank remain.
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