The unmoving needle, the unmoving Nikos, and the… move-from-here Pavlos and Anna, the sale of Vivartia’s catering arm, Dimand’s projects

Hello, I’ll commencement contiguous with PASOK due to the fact that I deliberation the communicative of the time came from determination and not from New York—we’ll get to the goings-on determination a spot later. So, the different time Geroulanos said it consecutive to Androulakis: “we’ve got a occupation if the needle (of the polls) doesn’t determination successful the adjacent 2 months.” Yesterday it was Diamantopoulou’s crook to… archer him off, accusing him intelligibly and straight that helium “turned PASOK into Karystianou and Konstantopoulou” implicit the xylol contented and the Tempi disaster. The result? After a million-strong rally, Konstantopoulou is catching up to PASOK successful the polls.
So the question present is: what volition happen, and how—and if—our person Nikos volition react, fixed that PASOK’s needle simply isn’t going to move, astatine slightest not earnestly upwards, nether the existent conditions. Meanwhile, the governmental “bundle” of Zoe (Konstantopoulou) and Karystianou, whether unneurotic oregon separate, volition ever merchantability amended with their audience—and surely not with the assemblage of the systemic center-left that PASOK represented from 1985 onwards. I don’t person an answer, due to the fact that evidently astatine this signifier determination is nary answer: Nikos isn’t budging, and arsenic if helium ever would. But past again, neither is the needle.

New York

• As estimated by members of the Greek delegation successful New York themselves: “since Erdoğan recovered a bully excuse to postpone his gathering with Mitsotakis, helium decided not to bash the appointment.” I asked what this astir half-hour gathering would person been (translation clip included), and got the answer: “certainly not a due Greek-Turkish gathering similar successful Athens oregon Ankara with coordinates, a due agenda, etc., but surely a motion of goodwill that erstwhile we’re adjacent each different astatine an planetary forum, we speech and travel the rules of bully neighborliness.” Fine, we get it, Erdoğan didn’t privation it, his right, moving on—we look aft and volition ever look aft our ain nationalist interests. “There are plentifulness of opportunities for meetings successful the adjacent future,” they added, concluding with: “to enactment it different way, we’re not going to pursuit him.”

What they heard from the Germans

• These days, a delegation of ND officials and MPs visited Berlin arsenic guests of the Hans Seidel Foundation, affiliated with the Bavarian Christian Socialists. They went to the Chancellery, the Bundestag, and besides met German industrialists. From the second they heard precise affirmative words astir the country’s economical comeback and felt that the Germans present dainty america arsenic a superior country. On migration, the Germans seemed blessed we’re doing the occupation astatine the borders. As for the SAFE program, that inactive needs work. On the Greek side, the MPs contiguous were Chatzivasileiou, Syrigos, Stamenitis, Oikonomou, Kefala, Alexopoulou, Mantas, and Fortomas, on with ND’s wide manager Giannis Smyrlis.

Vivartia restaurants up for sale

• CVC’s effort to merchantability DELTA is ongoing, with the main funny enactment inactive being MEVGAL with Spyros Theodoropoulos. As always, the sticking constituent is valuation, and for quality we’ll request to hold until the caller year, since this year’s fiscal results volition acceptable the price. Meanwhile, Vivartia’s catering limb has besides been enactment up for sale, arsenic immoderate entrepreneurs person already looked implicit the numbers. Restaurants are not casual to merchantability since it’s not a concern for everyone. We’re talking astir 5 edifice chains (Goody’s, Flocafe, Everest, La Pasteria, Olympus Plaza), 10 idiosyncratic restaurants (Kuzina successful Thiseio, souvlaki It’s All Greek etc.), positive Hellenic Catering and Olympic Catering. In total, 560 outlets employing astir 5,000 people. Big numbers successful a demanding sector, which marque rather a fewer entrepreneurs hesitate earlier moving forward.

Suspension for Liakounakos successful Mykonos

• At the past moment—yesterday afternoon, successful fact, arsenic this file learns—the auction scheduled for today, Thursday, September 25, concerning the villa of businessman Thomas Liakounakos and his woman Natassa Katsarou successful the Tourlos country of Mykonos, was suspended. The property: a crippled of 9,336 sq.m. with a two-story house—269.17 sq.m. basement with inferior rooms and h2o tank, 124.55 sq.m. crushed floor, 169.55 sq.m. archetypal floor, 22.58 sq.m. semi-open spaces, and 102.36 sq.m. of parking. Plus, a 145 sq.m. excavation and a tiny 20 sq.m. chapel. The spot sits 200 meters from the oversea with unobstructed views. The foreclosing enactment was doValue, and the archetypal starting terms had been acceptable astatine €4.025 million. However, aft a September 12 ruling by the Syros Court of First Instance, it was raised to €5.52 million.

Revenue and nett net up implicit 50% for AVAX

• Today, earlier the opening of the banal speech session, AVAX volition denote fiscal results. Exact numbers aren’t retired yet, but everything points to affirmative surprises, chiefly gross and nett net maturation supra 50%. Debt remains stable, portion the EV/EBITDA ratio is astir 5x. The results volition corroborate what AVAX’s absorption has been saying, though the worth inactive hasn’t shown up connected the trading board.

Appeals implicit Mati

• With the Implementation Urban Plan (R.S.E.) for Mati—where 104 radical mislaid their lives successful the deadly 2018 fire—the authorities past March presented however the fire-stricken country would beryllium rebuilt. The full reconstruction includes 5 Planning Units, contiguous extracurricular metropolis plan, creating 1,832 stremmata (183.2 hectares) of buildable land, with 152 stremmata for nationalist usage (120 green, 32 squares and gathering points, 109 nationalist facilities, 105 pedestrian streets, 29 watercourse buffer zones). The roadworthy web is much than doubled, with flight routes to and from the seafront—which is being afloat upgraded—and the main roads. This program took 5 years to complete, with 11 peculiar studies and the engagement of 25 agencies, ministries, and municipalities. Not a abbreviated time, but fixed that akin processes successful Greece usually instrumentality 20–30 years, it’s something. Due to the environmental, urban, and ineligible complexities, determination was exhaustive dialog successful nationalist consultation, with citizens and section associations. Objections were raised, examined 1 by 1 connected municipality readying and ineligible grounds. Still, this file learns that galore appeals person been filed, causing caller delays. According to a determination of the Green Fund of the Ministry of Environment and Energy, the Office of the Sec. Gen. of Spatial Planning and Urban Environment, Efthymios Bakogiannis, requested backing from the Fund to enactment the process of countering these appeals. Specifically, respective appeals person been submitted to the competent authorities seeking annulment oregon hold of the plan’s implementation, which could earnestly hinder progress. To efficaciously support the nationalist interest, specialized method consultants are needed to cod and scientifically substantiate the state’s claims. The Green Fund yet approved €30,000 (€37,200 with VAT) for this support. But the question remains: erstwhile volition this ambitious program yet go reality…

Marielena Prokopiou and the caller procreation of shipowners

• Yesterday, Marielena Prokopiou, girl of George Prokopiou, made a uncommon nationalist quality astatine the Tradewinds conference, wherever she laid retired her doctrine connected shipping. Together with her husband, Konstantinos Lampsias, they person founded Delos Navigation and Akrotiri Tankers—two companies that, arsenic she stressed, harvester accepted values and a quality attack with modern tools and technology. She emphasized that for her, shipping is not conscionable a household bequest but a idiosyncratic choice, with an accent connected trust, reliability, and timeless attraction for her radical and her team. Marielena Prokopiou reiterated that the caller procreation of shipowners continues to respect the family’s traditions and values, portion astatine the aforesaid clip realistically facing today’s and tomorrow’s challenges, with a strategical outlook to 2030, successful an situation of changeless alteration and regulatory demands.

Intralot: Oversubscription for the enslaved – Next comes the Golgotha of the stock superior increase

• With an involvement complaint of 6.75%, according to reports, and offers exceeding €3 billion, the people was met for Intralot’s €850 cardinal enslaved maturing successful 2031. The bid publication was afloat covered by “special organization dealers.” This present opens the roadworthy for the 3rd signifier of the effort, which is the €400 cardinal stock superior summation starting Wednesday, October 1. The marketplace present fears short-term banal liquidations truthful that superior tin beryllium gathered for the increase.

Updates connected the Kambas, Gournes Heraklion and erstwhile FIX successful Thessaloniki projects

• By precocious 2028–early 2029, based astatine slightest connected existent data, DIMAND’s absorption estimates that the group’s 2 large projects volition beryllium ready. These are the much-discussed developments astatine Kambas, with nonstop entree from Attiki Odos, and astatine Gournes successful Heraklion, Crete, with casual roadworthy and aerial entree from the caller Kasteli airport.
  As lawman CEO Nikos Dimtsas said successful his speech, astatine the Kambas tract the main usage volition stay bureau space, but determination volition besides beryllium nutrient and amusement areas, portion a tiny conception adjacent the Kambas villa volition beryllium residential. “For Gournes, the main usage is tourism–recreation, portion determination is besides the right—not the obligation—for a casino, for which the Gaming Commission is competent. Obviously, we are readying edifice facilities there, and determination is besides a 30-stremma crippled for commercialized use.”
  He besides referred to the landmark task astatine the erstwhile FIX connected Thessaloniki’s occidental entrance, which is present starting: “We purpose for the licence to beryllium issued, conditions permitting, this twelvemonth for a task to beryllium completed by the extremity of 2027, possibly aboriginal 2028. Part of the analyzable already hosts taste uses, portion successful the remainder we’ll adhd astir 30,000 sq.m. of caller mixed-use buildings, with apartments and a hotel, portion the 2nd listed analyzable volition diagnostic nutrient and recreation. Along with the quadrate and the bureau analyzable already operating, this volition make a caller important hub. The cardinal is to interaction the vicinity and make a affirmative micro-economy and improvement successful section communities.”
  The lawman CEO emphasized DIMAND’s absorption connected redevelopments. Regarding Thessaloniki versus Athens, helium noted determination has so been maturation successful the co-capital recently, but it inactive has a mode to go: successful a caller bureau building, rent costs €18/sq.m. successful Thessaloniki, compared to €30/sq.m. successful Athens.

Professor by morning, person by nighttime (no occupation is shameful)

• Former Minister of Economy Christos Staikouras was unanimously elected Professor of Finance astatine the Athens University of Economics and Business. The representation of the “professor-minister” whitethorn good go his caller governmental identity.

Final conviction

• On 13 May 2025, the 6th Criminal Division of the Supreme Court heard the entreaty by K. Karafotakis against determination no. 5931/2024 of the Athens Court of Appeal (Misdemeanors), which had recovered him blameworthy of, connected 4 July 2017 and 24 October 2017, done aggregate acts constituting continuation of the aforesaid crime, engaging without peculiar licence oregon support of the shareholders’ wide assembly successful banal marketplace transactions successful which helium was the seller of his ain shares and the institution of which helium was CEO (OLYMPIA GROUP S.A.) was the buyer. A fewer days ago, determination no. 1128/15.9.2025 of the Supreme Court’s 6th Criminal Division was issued, rejecting the entreaty and thereby confirming and rendering last the condemnation of K. Karafotakis for the supra acts.

Stock market: Alpha Bank takes the lead

• In the lack of large firm quality (other than results), the marketplace abounds with “information,” scenarios, and speculation. Those progressive connected the Athens Stock Exchange recycle their gains. Yesterday it was again the systemic banks’ turn, with Alpha (-0.28% astatine €3.53) taking halfway stage, arsenic the banal traded €67.6 million—one-third of the importantly accrued full turnover. National Bank (-0.24% astatine €12.27) and Piraeus (+1.16% astatine €7.34), with €27.8 cardinal and €29.1 cardinal respectively, besides stood retired for their precocious volumes. Eurobank, with €16.4 cardinal successful trades, gained +1.23% astatine €3.36.
  Those selling the systemic banks bought the non-systemic ones, each of which closed with bully gains and dense trading. The wealth stayed wrong the banking sector. The General Index closed astatine 2,065.36 points (+0.11%) but was successful antagonistic territory passim astir of the session. Turnover was awesome astatine €227.72 million, though €61.2 cardinal were successful artifact trades (mainly banks), confirming the presumption of “profit recycling.” Lamda continues to bask its revenge, with a caller upward determination of +4.84% to €7.8 and trades nearing €10 million. TITAN raises questions with a further driblet of -1.4% to €35.3, portion AKTOR banal resists strongly, easy holding supra €8, and Motor Oil benefits from refineries’ precocious nett margins, rising +1.85% to €26.44. Other moves—e.g. OTE (-1.2% to €16.48), Coca Cola -0.72% to €41.50—matter, but connected comparatively airy trading.

Absences successful Hamburg

• Yesterday, Wednesday, with a expansive ceremony, the accumulation “Das Meer verbindet – The oversea unites: Greek shipping and the German economical miracle” was inaugurated astatine the International Maritime Museum of Hamburg. It is an important collaboration betwixt the depository and the Greek non-profit instauration Navira. The exhibition, based connected years of probe by historiographer of Greek planetary shipping George M. Foustanos, highlights however Greek shipowners’ orders astatine German shipyards aft World War II supported not lone the reconstruction of shipping but besides the “economic miracle” of West Germany. However, yesterday the carnal beingness of the Greek authorities and the shipping enactment was missing. The lack was evident and a reminder that the planetary projection of Greek shipping requires not lone humanities representation but besides tangible symbolic governmental and concern support. Saving appearances were the Greek consul—an ardent protagonist of this collaboration—and the consular Harbor Master.

What’s a wide doing connected Mount Athos?

• A fewer days ago, retired General Alkiviadis Stefanis, speaking successful Piraeus astatine a Propeller Club event, told the audience: “Many inquire maine what a wide is doing connected Mount Athos.” He continued, proceeding spontaneous laughter. “Before you laughter excessively much, fto maine explain.” The wide highlighted the basal similarities betwixt monastic beingness and subject service, stressing that some are focused connected a higher goal: monks connected spiritual workout and work to the church, soldiers connected the information of the homeland. The examination extended to uniforms, protocols, and discipline. Monks, similar soldiers, deterioration uniforms, travel rules, and uphold traditions with consistency and respect. At the aforesaid time, emotion for homeland and assemblage is expressed with devotion, strictness, and discipline.

Cryptocurrencies successful U.S. Pension Funds. An earthquake is coming

• For those unfamiliar with the U.S. status system, the celebrated 401(k) accounts are employer-sponsored status savings plans and the main savings instrumentality for American workers’ pensions. They are somewhat similar our occupational pension funds and contiguous screen much than 60 cardinal U.S. workers, managing $12.5 trillion.
  On August 7, President Trump signed an enforcement bid titled “Democratizing Access to Alternative Assets for 401(k) Investors.” In elemental terms, helium opened the doorway for American pension funds to put successful cryptocurrencies. The full marketplace capitalization of each cryptocurrencies contiguous exceeds $4.1 trillion. Moreover, a caller Bank of America survey revealed that 75% of investors person nary vulnerability to crypto. Last week, 9 members of the Congressional Financial Services Committee, led by president French Hill, sent a missive to SEC Chairman Paul Atkins, demanding contiguous implementation of the enforcement order.
  Behind this full effort lies a $5 trillion industry—Private Equity Funds—that for decades has sought entree to pension funds. For 401(k) plans to put successful crypto, SEC and Labor Department rules indispensable beryllium revised, savings products indispensable beryllium created by plus managers, and the indispensable method infrastructure indispensable beryllium successful place, fixed the utmost volatility of the crypto market. But if each this happens arsenic accelerated arsenic U.S. lawmakers want, a tectonic earthquake volition deed the markets…

New Trump involution successful the banal market

• Another large displacement is underway connected Wall Street. From the accepted American “free market” approach, we are moving afloat velocity toward a exemplary wherever the authorities becomes an progressive capitalist successful captious sectors. Yesterday, a rumor (Reuters report) dispersed that the Trump medication is considering acquiring a 10% involvement successful Lithium Americas. Overnight, earlier Wall Street opened, Lithium Americas banal skyrocketed +77%. The acquisition seems portion of the renegotiation of the $2.3 cardinal authorities indebtedness for the Thacker Pass task successful Nevada. The Thacker Pass lithium excavation is expected to beryllium the largest lithium root successful the Western Hemisphere erstwhile accumulation begins successful 2028, producing 40,000 tons of lithium annually—enough for 800,000 electrical vehicles.
  The key, however, is that the Trump administration’s caller strategy seems aimed astatine acquiring authorities stakes. Just a period ago, the authorities acquired a 10% involvement successful Intel worthy $8.9 billion, turning authorities grants into shares. Meanwhile, semiconductor giants NVIDIA and AMD agreed to wage the authorities 15% of revenues from spot income to China successful speech for export licenses. Treasury Secretary Scott Bessent confirmed the authorities is considering akin deals successful different sectors, including shipbuilding and defense. In PotUS’s caller capitalism, the authorities moves from regulator to progressive investor.