Why new waves of migrants now, Macquarie & DEDDIE, someone looking for money for Porto Carras, Lamda’s €300 million & dottore Grimaldi

Hello, the concern that has developed successful Crete successful caller days with caller waves of migrants, aft astir 2 months of calm, has an mentation successful Athens: according to competent sources, it is related to the government’s enactment successful the vigor assemblage and specifically to the licenses granted to Chevron for the plots southbound of Crete. So, Libya—closely aligned with Turkey—sends a fewer 100 migrants our mode to amusement that it inactive has a lever of pressure, astatine slightest portion the upwind is bully and allows for this unsafe crossing.

The mainland and the decisions

Because the contented is unsafe and causes concern, particularly among Cretans, aft meetings with each applicable authorities and ministries, it was decided to transportation migrants from Crete to the mainland. After all, they are each detainees, arsenic they cannot taxable asylum applications. Until recently, determination was disagreement among the authorities astir transferring respective 100 to mainland facilities, since the constabulary had concerns astir guarding them. Now the contented is resolved, and by Thursday the transfers volition person taken place. Also, by aboriginal October, depending connected the numbers, the authorities volition determine whether to extend, for illustration by a month, the suspension of asylum applications for those arriving from Libya.

Festive predetermination without speeches

I asked a parliamentary root whether Friday’s gathering of ND’s Parliamentary Group, concerning the predetermination of a caller caput (Charakopoulos), would let MPs to marque statements aft Mitsotakis’ customary speech. “It’s not foreseen; M. Charakopoulos volition beryllium elected by acclamation, and K.M. volition speak,” the root replied, adding that determination is nary ambiance of hostility among MPs contempt immoderate concerns astir their electoral prospects. Besides, what grounds would they person to kick astir aft TIF?

Message to Ankara connected Asia Minor Greeks

The Turks are mostly connected borderline these days, and they adjacent issued a connection connected Sunday reacting to Greek officials’ remarks marking 103 years since the Asia Minor Catastrophe. Government spokesperson Marinakis officially responded yesterday successful Ankara. Notably, helium is himself a descendant of a exile family, similar galore others. “We volition not let past to beryllium rewritten,” helium said pointedly, adding that the imaginable of a Mitsotakis–Erdogan gathering adjacent week successful New York does not mean that dialog entails changing humanities facts. You could telephone it a connection to the close helping of ND, and overall, I spot the authorities “picking up the pace” conscionable arsenic the Turks are turning to…the tsamiko dance.

Novartis

A remark regarding the condemnation of the 2 “witnesses” successful the Novartis case, sentenced to a fewer months successful situation for a misdemeanor. Many radical wonder: “So what happened? They got a suspended sentence, pocketed immense sums for a brutal conspiracy against erstwhile premier ministers, ministers, etc., and it’s arsenic if thing happened.” To beryllium wholly honest, there’s nary casual answer, though the instrumentality is the law—we can’t tailor justice. However, if this lawsuit is near arsenic is, meaning if anyone tin get distant with conscionable a misdemeanor successful specified a conspiracy portion pocketing millions of euros, we volition surely spot this play retired again. Of course, determination are lawsuits, investigations into blatant taxation evasion, and people the motivation instigators.

Doudounis – Disgrace

At this point, closing the governmental part, I wanted to notation thing said yesterday by PASOK MP Doudounis, a pleasant and seemingly modern young man. He called it a “disgrace” that immoderate of america commissioned polls connected the government’s announcements astatine TIF “before the absorption made its ain statements.” Obviously, helium means america among others, since similar different media we commissioned a poll, but I don’t instrumentality it personally. According to Doudounis, we should person waited to perceive what PASOK would say—as if immoderate Greek would think, “I’ll spell with PASOK (at 13.5%) due to the fact that if elections are held and they win, they’ll springiness america more.” I privation him a speedy recovery.

Macquarie successful talks implicit DEDDIE

Now to marketplace news, starting with a caller and rather absorbing story. You whitethorn retrieve Macquarie, the Australian elephantine that successful aboriginal 2022 acquired 49% of DEDDIE for €1.32 cardinal and later, successful mid-2023, 50% of Enel Green Power Hellas. Well, according to our sources, Macquarie is successful talks with organization investors regarding its 49% involvement successful DEDDIE. Note: these are talks, not finalized deals. I presume contiguous they volition effort to ward disconnected speculation with denials, but discussions are so happening.

Financing sought for acquisition of…Porto Carras

By the way, our radar has picked up different marketplace mysteries without casual answers. For example, lately a chap countryman has been wandering astir looking for financing to bargain Porto Carras. Wishful thinking, oregon person we missed an episode? Honestly, I person nary idea.

Metlen: Extensive absorption changes coming

By the extremity of the period astatine the latest, Metlen is expected to marque authoritative announcements regarding the details of its reorganization, code-named BIG3. According to our well-informed sources, the program includes extended changes successful the company’s absorption operation successful cardinal positions.

Lamda Development’s €300 cardinal profit

I person updates connected the precise important woody betwixt Lamda Development and the Italian radical ION for the Hellinikon project. The operation “very important deal” is nary exaggeration, due to the fact that Greece attracted an concern that Italy itself had been pursuing. It’s a woody that strengthens the state successful the tract of probe and innovation and, successful addition, acts arsenic a catalyst some for the Hellinikon task and for Lamda. Information indicates that owed diligence by ION is presently underway and is expected to instrumentality astir different period and a fractional to complete. Once that is finished, the statement volition beryllium signed for a terms estimated astatine €450 million. Based connected Lamda’s plus valuations, analysts estimation the company’s nett from this woody volition beryllium astir €300 million. The outgo volition beryllium received successful installments by Lamda depending connected the advancement of applicable licensing. At the aforesaid time, Lamda is preparing a enslaved contented to beryllium listed connected the Athens Stock Exchange, said to perchance transcend €400 million.

Banks playing tricks

Some banks person already started “fouls,” trying with “fine print” to bypass the government’s involution that reduced—and successful immoderate cases eliminated—the outgo of fees for our regular transactions. For instance, successful the “service terms list” of a ample systemic bank, there’s an asterisk nether the instant outgo work for amounts from €1 to €5,000, wherever by instrumentality a mandatory interest of €0.50 applies. Right below, the slope notes that an further €0.50 “management fee” volition besides beryllium charged. Thus, an instant outgo transportation up to €5,000 really costs €1 astatine that bank.

The dottore and OLH’s maestro plan

In Crete, specifically successful the Port of Heraklion (controlled by the Grimaldi Group), the maestro program is ready, and by the extremity of September it volition beryllium submitted to the Ministry of Shipping and Island Policy. The workers telephone Emanuele Grimaldi “the dottore,” and helium follows the rule of “everything successful its time.” The mandatory works successful the maestro program magnitude to astir €20 million, which volition beryllium covered by the investor, the Neapolitan group. But a agelong bureaucratic process volition travel first. Initially, arsenic mentioned, the program volition beryllium submitted to the Ministry of Shipping and Island Policy, which volition marque comments and instrumentality it to OLH. The enactment volition past marque adjustments and, successful parallel, hole a Strategic Environmental Study to beryllium submitted to some the HCAP (Hellenic Corporation of Assets and Participations) and DIPΑ (the Environmental Licensing Directorate). Meanwhile, the program volition besides beryllium submitted to ESAL (Port Planning and Development Committee). If DIPΑ approves and ESAL raises nary objections, a Presidential Decree volition follow. The maestro plan’s projects are estimated to instrumentality 10 years from support to completion. The dottore and his squad anticipation that approvals, signatures, and the full bureaucratic process volition beryllium completed by precocious 2026 oregon aboriginal 2027. The archetypal mandatory concern astatine the larboard is the operation of a caller gathering to location the Coast Guard, scheduled for completion wrong 24 months.

New investments by U.S. slope DFC successful Elefsina Shipyards

During his sojourn to Greece past week, U.S. Secretary of the Interior Doug Burgum besides stopped astatine the Elefsina Shipyards, which beryllium to U.S.-owned ONEX. Beyond what was publically announced, I learned that the U.S. government’s improvement slope DFC, which has already approved €125 cardinal successful backing for these shipyards and begun gradual disbursements, volition supply much backing for further development. The Americans’ plans are ambitious, ever successful collaboration with the Greek government. The purpose is to crook Elefsina into a hub supporting shipping, vigor modulation with cutting-edge technologies, allied fleet support, and strategical logistics improvement for commercialized shipping, defense, and energy. The hub volition service not lone Greece but besides the wider Eastern Mediterranean, North Africa, and Southeastern Europe. Greece, successful turn, volition supply Europe with vigor security, proviso security, and greenish transition. U.S. circles stressed that DFC volition further enactment ONEX financially due to the fact that Washington’s program for the portion is broader. They adjacent added, successful casual conversation, that the extremity is to make strategical larboard infrastructure successful Elefsina, creating a logistics, shipping, and vigor hub.

Insurance deals

The security marketplace remains abuzz with speculation, and developments successful the assemblage are frequent, with much expected. Already determination person been shake-ups pursuing the acquisition of Mega Brokers by Unilink, the largest security brokerage institution successful Central and Eastern Europe, controlled by the planetary fintech Acrisure. Headquartered successful Michigan, Acrisure is the 5th-largest broker worldwide, with revenues of $4.6 cardinal past twelvemonth and 19,000 employees successful 20 countries. The woody is akin to Howden’s acquisition of Matrix immoderate years ago. At the aforesaid time, Mega Brokers has acquired “Kalypsi” based successful Thessaloniki, portion the Europa Group is considering much acquisitions successful the security assemblage implicit the agelong term, pursuing caller ones (NAK Insurance Brokers and AMYNA). Market chatter suggests different moves are coming too, involving some shareholding changes and partnerships by well-known companies.

The publication assemblage successful Greece besides changing dramatically

Express Publishing is simply a tiny Greek multinational that has recorded an awesome 37-year way grounds successful publishing. It operates competitively successful 140 countries, producing—here successful Greece—foreign connection learning books (especially English) and employing implicit 300 people. Last Friday, it officially announced its rebranding, having realized that to stay competitory successful the divers acquisition systems of 140 countries, it indispensable put successful prime but supra each successful innovation successful connection learning. For this reason, it has acceptable up a ample R&D section with 35 employees who, successful summation to books, are present creating caller integer personalized connection learning systems. From being a publisher, Express Publishing has evolved into 1 of the astir important planetary providers of “educational material.” With turnover exceeding €25 million, and with each systems produced successful Greece by Greek scientists, Express Publishing is present investing successful strengthening its integer presence, processing multilingual acquisition platforms, and creating partnerships that volition let it to participate caller markets.

Adamantios Polemis and the Deal with the Koreans

A woody with a Greek signature seems to beryllium bringing the HSG Sungdong shipyards successful South Korea backmost into progressive business. Specifically, Adamantios Polemis’ New Shipping is reportedly successful precocious negotiations with Korean Samsung Heavy Industries (SHI), nether whose umbrella HSG Sungdong operates, for an bid of up to 4 suezmax tankers. Two are considered “locked in,” portion determination is an enactment for 2 more, astatine a outgo of nether $85 cardinal per ship. Notably, these vessels volition beryllium built astatine the historical HSG Sungdong shipyard successful Tongyeong, which had exited the marketplace 7 years agone aft entering tribunal protection.

The Rally of CrediaBank

The erstwhile Attica Bank is “building” momentum, arsenic shown by the information that it is not deterred by profit-taking connected the board, nor by corrective moves successful systemic banks. CrediaBank is charting an autarkic course, reaching its 5th consecutive rise, from €1.418 connected September 8 to yesterday’s €1.642. This translates into a cumulative summation of 15.8%. It besides closed supra €1.6 for the archetypal clip since past November’s €735 cardinal stock superior increase, with €2.16 (close of 15/11/2024) arsenic the adjacent absorption level. Its marketplace capitalization roseate to €2.65 billion, climbing to 16th spot among Athens Exchange-listed companies. Investor involvement remains strong, with turnover exceeding €3.3 cardinal yesterday. More than 2 cardinal shares traded hands, with lone Eurobank, Alpha Bank, Intralot, and Piraeus Bank trading more.

New Highs for VIO-CENER Ahead of Results

ElvalHalcor sparked the caller outperformance of Viohalco radical shares but yesterday ended a five-day rally that had pushed it to 17-year highs. The torch was picked up by genitor Viohalco and affiliate Cenergy Holdings. VIO extended its winning streak for a 3rd consecutive day, closed supra €6.8 to renew its two-year high, and is “sailing” toward €7 — a terms past seen intraday connected September 1, 2023, and astatine adjacent connected August 31 of the aforesaid year. Meanwhile, CENER has ignored antagonistic territory for 7 sessions, posting a caller all-time high. It closed astatine €11.44, hitting €11.48 intraday, with €11.5 conscionable ahead. These grounds highs travel conscionable earlier the merchandise of half-year results connected September 17 (Cenergy) and September 18 (Viohalco), which volition service arsenic a clang trial for holding connected to their caller gains.

Lavipharm connected the Offensive

Lavipharm’s stock (+1.31% astatine €0.8490) stood retired yesterday amid wide marketplace hesitation and inactivity, with its capitalization surpassing €143.5 million. The pharmaceutical company’s typical connected the banal speech is acceptable to denote first-half results the time aft tomorrow, with investors awaiting wide signs of its translation from a “turnaround story” into a Greek “growth story.” The company’s absorption has promised to treble gross wrong 5 years. Market sources suggest that Lavipharm volition denote important maturation successful operating profitability for the archetypal half, with projections for a important gross summation by year-end, driven by its strategy of entering caller markets and strengthening collaborations with different planetary pharma companies.

Revoil: Buy the Rumor, Sell the Fact

Revoil officially announced its volition to get “Maltezos SA” — arsenic reported yesterday — and amended its financials. The banal marketplace initially welcomed the quality with enthusiasm, pushing the stock to €1.950. However, sentiment shifted midday, and Revoil yet closed down -6.32% astatine €1.78. While Maltezos whitethorn not beryllium successful highest condition, this does not warrant the convulsive intraday correction. Even aft yesterday’s plunge, Revoil, with a capitalization of €39 million, remains +5.33% higher than a week ago.

Bond Market Turmoil, Stocks successful Zen Mode

FITCH opened Pandora’s container connected the French economy, determination elections successful North Rhine-Westphalia astir tripled far-right powerfulness successful Germany, and Trump’s unit connected Powell to chopped rates contempt precocious ostentation person created turmoil successful the European enslaved market. Stock markets, however, mostly ignored the enslaved marketplace informing signals and rising golden passim yesterday. On the Athens Exchange, it became wide that the 2,100-point stronghold volition not beryllium taken easily, arsenic each upward effort met acceptable sellers. By close, the General Index was down -0.25% astatine 2,057.5 points, with turnover astatine €165.37 million, including €23 cardinal successful artifact trades — a motion of wide reluctance for strategical trades. Shares of DAIOS (+26.5% astatine €7.15) and Attikes Ekdoseis (+14.79% astatine €1.63) demonstrated the imaginable of the “special marketplace makers” they hired nether caller banal speech rules. Among different trades, Performance (+4.3% astatine €6.3) stood out, not lone announcing important maturation successful operating nett (+56%) and nett net (+63%) but besides proving it tin execute this with antagonistic leverage — that is, with nett currency aft deducting €7.83 cardinal successful loans. Credia (+3% astatine €1.64) led among banks, though wide turnover remained debased passim the session.

Trump Wants to Change the Rules connected Wall Street Too

As usual, helium utilized his favourite Truth Social platform. His proposal, however, already caused a disturbance and controversy. President Trump believes listed companies should not study fiscal results quarterly but each six months. This brings to the aboveground a longstanding statement among superior markets, companies, and regulators. Despite Trump’s urging, specified a alteration requires support from the U.S. Securities and Exchange Commission (SEC). The contented touches connected firm governance and enforcement incentives. The main vantage of Trump’s connection is reduced administrative and fiscal costs for companies. Preparing quarterly reports is burdensome, requiring resources from absorption and accounting teams, without needfully offering strategical depth. Semiannual reporting, Trump argues, would let managers to absorption connected sustainable maturation and operational improvement, escaped from short-term marketplace pressures. It would besides trim “short-termism” — decision-making driven by adjacent quarter’s results alternatively than semipermanent institution value, a structural contented particularly successful U.S. markets. On the different hand, quarterly reporting is simply a cornerstone of transparency and effectual oversight of nationalist companies, giving investors timely and reliable accusation connected show and risks. Less predominant reporting could summation informational hazard and springiness absorption much leeway to conceal important changes oregon adverse developments. For fast-growing companies oregon successful volatile markets, investors request predominant updates. Trump’s statement for a semipermanent skyline (e.g., 50–100 years similar successful China) does not alteration the information that Western markets trust connected continuous accusation and accountability — elements that physique capitalist spot and facilitate superior mobility.