Many instances from “invalid” occasions – that is how we journalistically characterize those who present that they won’t make any information – finally occasions emerge, which form the present affairs and even the political agenda.
In order to not ramble on, I will let you know what I am speaking about. So yesterday on the Marina and Vassilis Theocharakis Basis, the Minister of Atmosphere and Vitality Theodoros Skylakakis and the Normal Secretary of Coordination and Waste Administration Manolis Grafakos organized a mini convention on the subject: “Waste Administration: Report 2019-2024, recycling reform, highway map till 2030 ».
Due to my environmental sensibilities, I used to be thrown, to let you know the reality, to seek out out the place the case for the so-called round economic system stands.
Skylakakis and Hatzidakis
So throughout it, and whereas Mr. Skylakakis was on the stage, the Minister of Nationwide Financial system and Finance Mr. Kostis Hatzidakis appeared on the scene.
The Minister of Atmosphere and Vitality hastened to welcome him, exhibiting shock: “I welcome my eternally excellent buddy Kostis Hatzidakis”, his face beaming with a large smile, whereas Manolis Grafakos was equally blissful, who, let me remind you, was in shut associates of Mr. Hatzidakis.
Political occasion…
The curiosity, nonetheless, within the waste occasion was not solely the presence of Mr. Hatzidakis.
Observing the visitors, I noticed a mess of ND MPs – if I counted them appropriately – there will need to have been round 30. Amongst them Yannis Oikonomou, Apostolos Vezyropoulos, Dimitris Kairides and others. Blue executives who’re politically linked to Mr. Hatzidakis…. If I additionally depend the mayors who attended, then the circle of political associates of Kostis grows lots…
It appeared to me that, from one level onward, this particular occasion took on a political character…
Ursula von der Leyen
I do know I believed soiled… Possibly I used to be additionally influenced by the waste problem. However I drew the above conclusion a couple of political occasion pushed by the July 18 elections in Brussels.
And I created eventualities that need Ursula von der Leyen to not be elected as president of the European Fee and for Kyriakos Mitsotakis to come back as a brand new candidate. And so the looks and presence of so many ministers and MPs associates of Kostis… has to do with the rumors that they need him to succeed the present prime minister…
If…, we are saying… If…
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The burial price
Nonetheless, let me return to the occasion and produce you another information.
I used to be impressed by the important tone of the speech of the president of the Central Union of Municipalities of Greece (KEDE) Lazaros Kyrizoglou. He complained concerning the waste burial price which the municipalities must pay. In reality, the federal government has already dedicated an quantity of 300 million euros. Cash that the municipal authorities must discover from someplace.
Raises
I took a stroll by the wells… that had been arrange between mayors on the occasion.
I will not cover from you that what I heard won’t be nice for the residents… The mayors are getting ready for will increase in municipal charges… And to catch you up, the issue they face shouldn’t be solely the burial price… But additionally concerning the delays within the return of quantities they’ve additionally acquired from different remunerative providers…
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Return
So, I continued my quick stroll to the positioning of the waste occasion.
And someplace within the crowd, I noticed the previous Secretary Normal of Forests (till July 2023) on the Ministry of Atmosphere and Vitality, Konstantinos Aravosi.
So I discovered that he’s returning to the Administration, however in a special place. The brand new tasks of the NTUA professor will likely be these of the “regulator”.
Now, as an skilled in inexperienced innovation and the round economic system – in any case, he holds the corresponding UNESCO seat at NTUA -, he’ll assume the place of vice chairman of the Waste, Vitality and Water Regulatory Authority (RAAEF) within the discipline of city waste administration.
I’m studying that Mr. Arabosis was chosen by the Prime Minister himself…
Waste market
It’s going to basically regulate and oversee the struggling junk market. Let’s not neglect that in Greece we nonetheless bury 80% of waste in landfills, whereas, as you’d have seen from the assertion I discussed to you by the president of KEDE, the topic of battle between the federal government and municipalities is the well-known burial price that municipalities must pay for the trash that does not recycle…
Issues are powerful for the vice chairman…
Supervision
Now Mr. Arabosis could have beneath his supervision, the management of F.D.S.A. (Stable Waste Administration Businesses), and can monitor the monetary and bodily scope of their service provision e.g. the applying of the costing methodology and the invoicing regulation, the observance of their obligation, by way of the cost of the burial price and will impose sanctions. As well as, he’ll advocate to the Ministry of the Inside the strategy of costing and invoicing for the built-in administration of city waste….
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Takis Theodorikakos and the Competitors Fee
And from RAAEF to take you to a different Authority. It isn’t notably standard out there but in addition the outcomes of its interventions… don’t fill with a lot optimism relating to the functioning of the competitors.
I’m in fact referring to the Competitors Fee. So I study that the brand new Minister of Growth Takis Theodorikakos is set to supply “land and water” to the Authority.
In reality, in the present day he’ll go to its workplaces within the Area of Ares. Why do I say that the minister is able to give what the officers of the Competitors Fee ask him? On the latest GSEVEE occasion he stated: “To ensure that costs to fall, the primary and fundamental situation is the functioning of competitors. It’s an absolute precedence to strengthen the motion of the Competitors Fee, which we assist with all our energy, no matter is requested by way of personnel and infrastructure will likely be supplied”…
Ioannis Lianos
I do not know if Mr. Theodorikakos will give every little thing for every little thing, however somebody informed me how the previous president of the Competitors Fee, Ioannis Lianos, from cool London the place he’s, felt the injustice of suffocating him…
We remind you that the previous president of the impartial Authority had repeatedly raised the difficulty of sufficient staffing of the Competitors Fee, in order that it might reply extra shortly to its elevated duties, however neither Adonis Georgiadis nor Kostas Skrekas listened to him.
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“Tsunami”
What I remembered, now, referring to the market and competitors.
Over the last 10-14 years – that’s, for the reason that outbreak of the financial disaster and all these disagreeable uncomfortable side effects that had been precipitated – the retail market in our nation has concentrated. And even necessary ones. There have been iconic grocery store chains which have ‘disappeared’ from the market – both purchased out or dissolved. And naturally there was a “tsunami” of acquisitions. Primarily small and native chains.
The three “ran” extra
Three chains starred within the “sport” of takeovers. With corresponding pure advantages. The Greek Hypermarkets Sklavenitis SA, which took off because the main firm within the Greek market. Masoutis SA, which, amongst others, with two necessary strikes lately – the acquisition of SYNKA and the “Galaxy” of Corfu – managed to “set up itself” within the coronary heart of the vacationer wave, in Crete, the Cyclades and Corfu . And the Kritikos grocery store chain, which was ranked among the many “large” within the business – even within the lowest positions – by buying small chains all through Greece.
“You survived”
However within the “ecosystem” of the Greek retail commerce, a number of small chains have nonetheless managed to outlive – primarily native ones. Displaying a outstanding resilience to the competitors of the massive ones, they handle to outlive decently. It’s estimated that the “surviving” native chains are about 30. And they’re important native figures.
They ask lots
They’ve acquired many gives for his or her acquisition. Nevertheless it did not occur! Why; As a result of they’re asking for an enormous worth – “some huge cash” a supply informed me characteristically. Equal in fact to the market they management. The “large males” who’re should not keen to provide the cash they’re asking for. That is how they succeed and survive.
It was totally different up to now
Previously, particularly within the Nineties, when a big chain wished to purchase a small native one they usually could not discover them within the worth, it adopted the next tactic. He would discover a big web site within the nation city and create a big grocery store – often bigger than the prevailing ones. After which he “hit” the costs. This might take anyplace from six months to a yr – often. The remainder was self-explanatory. And the sale settlement was a matter of time.
Mature fruit
On the time, this was a traditional tactic. In the present day issues have modified. The “survivors” have developed “antibodies” surviving a really troublesome interval. On the identical time, the priorities within the strategic decisions of the big grocery store chains have additionally modified. Completely different in each. And I believe what issues the small native chains, is that the selection of the “large” ones is the “ripe fruit” tactic! There may be time….
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Jumbo
However, aside from the retail chains that aren’t listed on the Athens Inventory Alternate, there are additionally those who have their shares on it every single day, they measure what they achieve, what they lose…
Jumbo, subsequently, was at a low of just about six months. One the dividend lower, one the administration’s pessimistic forecasts, disadvantaged the share of all 26 euros. In fact, its gross sales appeared elevated by +8% within the first half of the yr. In June alone, it recorded a gross sales improve of +9% in whole.
So why did the inventory fall? From what I am informed, the market apparently did not like the truth that the present state of world commerce resembles, on many ranges, the pandemic disaster.
In response to analysts’ estimates, the state of affairs ought to reverse someday in late 2024 or 2025. Thus, Jumbo’s gross sales progress charge could possibly be restricted to +4% with profitability hovering round 2023 ranges…
Let’s examine… will the market fall in…?
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Coca Cola HBC
Nonetheless, it was not solely Jumbo’s share that fell… Coca Cola HBC additionally landed beneath 32 euros once more. New clouds have emerged, from Paris this time, though as a stockbroker defined to me it’s not trigger for concern.
Greater than 100 Olympic athletes have known as on Coca-Cola and Pepsi to cease promoting single-use plastic bottles.
They even requested to advertise reusable merchandise when sponsoring sporting occasions.
Coca Cola, the identical market man jogged my memory, is gunpowder… and discovered from such rigors. The corporate, in accordance with what my supply noticed, has overcome the “warfare” it acquired from anti-Israel activists in the very best method. It has additionally proven that it has lastly resolved the Russia problem, whereas final yr’s revaluations helped margins. The share buyback program can also be working, which helps the inventory.
Will Coca Cola take up the losses?
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