ELTA…opening and closing, with Pierrakakis taking over the work, the President of the Republic and the ambassador, Peletidis and the banks, Venetis and Dodoni, and the shipowners building 650 ships

Hello, present that we’re done with the “Unknown Soldier,” we’ve taken connected a caller small sieve, ELTA (Hellenic Post). The devil had thing to bash and…was cursing his ain children, arsenic the paraphrased proverb goes. Anyway, it was definite that that mediocre CEO of ELTA would wage the price, and arsenic definite that the absorption would absorption truthful overmuch connected an contented similar ELTA, which astir apt doesn’t interest anyone but MPs. The opposition, due to the fact that they don’t cognize however to find thing much superior and substantive among the dozens of issues successful mundane life, and the authorities side, due to the fact that the MPs are simply upset that Mitsotakis isn’t appointing them arsenic ministers. You mightiness accidental they’re not wrong—every MP aims for a ministerial station during their party’s clip successful government. That’s true, but honestly, if they deliberation they’ll summation votes for warring to support the ELTA offices in…Kolopetinitsa open, they’re astir apt confused.

The conclusion…

We’ve said again that the handling of ELTA is the eventual lawsuit survey successful repeated authorities mismanagement. And the monolithic “black hole” of regular absorption issues that M.M. [Kyriakos Mitsotakis] seemingly faces. Always considering that the 2nd term, particularly toward the end, is thing similar the 7 years of itch successful marriages, making everything much difficult.

On substance…

Substantively, arsenic we said, the CEO of ELTA paid the price. The plans to adjacent provincial branches volition beryllium frozen, and Pierrakakis volition instrumentality implicit aft they find a caller CEO, truthful that successful 3–4 months, cuts tin proceed without causing unnecessary fuss. In different words, they volition permission immoderate branches unfastened successful isolated villages oregon delegate the enactment (how overmuch work, 1 wonders?) to immoderate assemblage oregon tiny municipality, to a section store wherever grandma tin spell to wage her bills oregon cod her pension if there’s nary ATM. I repeat: the authorities won’t autumn implicit issues similar ELTA oregon the “Unknown Soldier,” but it surely doesn’t assistance successful regaining the mislaid enactment of the New Democracy party, due to the fact that determination are voters who supported ND to beryllium done with specified issues, not to swallow them.

Counterattack with taxes

In this context, it’s wide that M.M. wants to extricate himself from the ELTA discussion. A bully level is Pierrakakis’ taxation bill, which volition walk done Parliament connected Thursday. I perceive Kyriakos Mitsotakis is considering going to talk (he’ll determine today), portion ND whitethorn petition a roll-call ballot to… ticker the absorption cull affirmative measures.

Tassoulas’ impressions

Kimberly Gilfoyle spent astir an hr connected the Presidential sofa talking with Tassoulas, who does good successful English, having worked astatine a instrumentality steadfast successful London successful the precocious ‘80s. I recognize from a speech with my root astatine the Presidential Palace that the ambassador near an fantabulous impression, arsenic she knows her subjects well. She discussed vigor issues, which volition beryllium cardinal to her mission, with Tassoulas and Alexandra Papadopoulou, and they besides touched connected Greek-Turkish relations. Tassoulas reportedly told his associates afterward that the ambassador came informed and battle-ready, which is wholly positive.

M.M. and the reception

Regarding Ms. Gilfoyle’s docket today, she volition sojourn M.M. twice: erstwhile astir 10:00 to conscionable K.M. connected Greek soil, whom she had met successful New York, and again successful the day with ministers Doug Bergam and Chris Wright, who are coming for the large vigor forum P-TEC starting astatine Zappeion connected Thursday. To grant the American officials, Ms. Gilfoyle is besides hosting her archetypal reception of the epoch astatine Jefferson House tonight, with guests including forum participants arriving successful Athens that evening, shipping and vigor assemblage figures, and galore ministers. A speedy glimpse suggests that Papastavrou and Tsafos, the Greek hosts of the conference, Pierrakakis, Kerameos, Theodorikakos, Kikilias, Adonis, and respective different Greek authorities figures are expected to attend.

Peletidis the giant

Moving to Patras, wherever KKE Mayor Peletidis, aft receiving slope sponsorships nether the authorities “Marietta Yannakou” programme for improving and reconstructing schoolhouse buildings, removed the plaques acknowledging the sponsors. He made a connection emblematic of communist rhetoric: “Today we proceeded to region the plaques that beforehand the banks, which person sat connected our necks, ruined people’s lives, and present contiguous themselves arsenic saviors.” All fine. The wealth from the bankers, who suck the humor of the people, was utilized for the schools nether the municipality’s responsibility, but helium besides pocketed some. Did you accidental something?

Motor Oil and the merchantability of 49% of ANEMOS

According to information, Morgan Stanley has been running—for immoderate time—a merchantability process connected behalf of Motor Oil to merchantability 49% of ANEMOS. Motor Oil owns 100% of ANEMOS, truthful selling 49% would supply a important payment to the equilibrium expanse and perchance a beardown partner, arsenic it appears that a large vigor institution with precise heavy pockets has gained an vantage successful the precocious process. Considering that 25% of ANEMOS sold to Motor Oil successful 2023 changed hands for €123.5 million, if the woody closes, it volition beryllium important financially. More importantly, it could make a beardown concern entity successful the renewable vigor assemblage with planetary operational and concern capacity.

Venetis revives “Dodoni Ice Cream”

Six months aft the support of the restructuring statement and the transportation of each Dodoni Ice Cream assets to Panagiotis Monevasiotis’ “Kremeria Dodoni” (Venetis), efforts person already begun to bring backmost the once-powerful crystal pick brand. Recently, the main shareholder of Venetis invested €4.5 cardinal arsenic portion of a superior summation successful Kremeria Dodoni arsenic the ground of the concern plan. The program is expected to scope €10 cardinal initially, including interventions successful the accumulation installation successful Pallini, improvement of a caller store conception with synergies with Venetis, and acquisition of a workplace successful Boeotia to unafraid earthy materials. For the record, aft the superior summation with currency contributions, the stock superior of Kremeria Dodoni reaches €4.6 million.

Tourism Ministry clears the ashtrays (better precocious than never…)

Smoking is being banned astatine the Tourism Ministry by Olga Kefalogianni, which theoretically should be… obvious, but successful practice, seemingly not. By a determination published yesterday successful the “Diavgeia” portal, the ministry is “preparing a program to forestall smoking and enforce anti-smoking authorities successful its facilities (Central Services, Regional Tourism Offices, and Educational Units).” The program includes, among different things, banning smoking successful each indoor areas, posting signs, taking preventive measures (e.g., removing ashtrays and lighters, posting announcements), and informing unit astir the authorities regarding smoking and baccy merchandise usage (including e-cigarettes, caller baccy products, and herbal smoking products, which are treated similar baccy products). Responsible individuals, specified arsenic portion heads, are designated, and fines are set: €100 for an worker smoking indoors and €500 for the manager, doubling successful lawsuit of repetition offenses.

Christos Harpantidis successful a cardinal relation astatine PMI

Christos Harpantidis, erstwhile CEO of Papastratos, is rising higher successful Philip Morris International (PMI) pursuing a caller administrative translation soon to beryllium announced. Harpantidis, who developed Papastratos into a determination PMI hub and served arsenic Vice President for Southeast Europe and caput of External Affairs reporting straight to CEO Jacek Olczak, volition present enactment to alteration the company’s representation successful implicit 150 markets and unfastened doors successful decision-making centers worldwide. Specifically, helium takes connected expanded duties and a enactment relation successful the group’s caller holding, shaping the company’s planetary future, including introduction into caller markets and services.

Grimaldi begins collecting from Igoumenitsa

The concern successful the larboard of Igoumenitsa is proving highly profitable for Emanuel Grimaldi, arsenic profits are rising rapidly, people inflating the dividends arsenic well. In fact, the Igoumenitsa Port Holdings Company, nether Paul Kyprianou—the conveyance done which the consortium Grimaldi Euromed, Minoan Lines S.A., and EKEB AE acquired 67% of the Igoumenitsa Port Authority successful 2023 successful a woody worthy €84.17 million—will besides wage an interim dividend this year. In the provisional statements it published, covering the eight-month play from January to August 2025, the company’s nett net reached €3.94 million.

DEI, Data Centers, and market-sensed developments

According to information, DEI’s absorption announcements connected November 16 volition see galore absorbing quality items for investors regarding investments successful Data Centers, and we whitethorn besides perceive astir the caller pricing argumentation for concern electricity. DEI’s Data Centers task is precise costly (it whitethorn scope a full of €8 cardinal implicit time) and volition necessitate caller superior and equity partnerships. This is not unrelated to CVC Capital’s plans, which has already completed its archetypal profitable concern rhythm successful DEI’s regeneration. The marketplace “senses” developments, and the banal is lasting retired connected the Exchange, heading rapidly toward a €6 cardinal marketplace capitalization.

Who’s Temu? Vakakis

A precise striking uncovering was hidden successful Eurobank Equities’ study connected Jumbo (November 4, 2025). Analyst Stamatis Draziotis, who authored the report, examined whether Jumbo is threatened by the well-known Chinese level Temu. He conducted a comparative terms analysis—a alleged “price audit”—of 50 products betwixt the e-jumbo.gr online store and temu.com, covering cardinal merchandise categories. The examination showed a median terms quality of conscionable €0.21 per product. Such a tiny deviation is practically negligible, particularly considering further factors affecting the last purchasing experience. Eurobank notes that Temu, contempt its assertive low-price policy, faces disadvantages successful transportation and service. Shipping times are importantly longer—sometimes from 1 to 3 weeks—and determination whitethorn beryllium obstacles specified arsenic customs delays oregon constricted post-purchase support. Thus, adjacent if Temu offers somewhat little prices, the wide payment to the user is constricted by delays and uncertainty astir prime and delivery. Conversely, Jumbo offers contiguous merchandise availability, the anticipation of carnal pickup, and reliable work experience, enhancing the worth of purchases done its network. Importantly, Jumbo maintains beardown competitiveness successful categories that make accordant lawsuit travel and repetition visits, reinforcing semipermanent spot with its audience. Eurobank concludes that Temu’s menace to Jumbo is much “perceptual,” projecting a low-cost image, alternatively than “structural,” arsenic Temu presently lacks the capableness to importantly impact Jumbo’s nett margins oregon marketplace position.

Greek banks successful Cyprus

Competition is beardown successful Cyprus betwixt banks arsenic they vie connected involvement rates. Competition is peculiarly aggravated among the 3 large banks present successful the strategy (Eurobank LTD, Bank of Cyprus, and Alpha Bank Cyprus). Banks are entering the marketplace aggressively to seizure oregon support marketplace share, chiefly successful the firm sector. At the aforesaid time, banks operating successful Cyprus are gradually expanding their shipping indebtedness portfolios. Eurobank announced it already holds a $500 cardinal shipping indebtedness package. Bank of Cyprus has already granted loans of akin size, and Alpha Bank is entering the marketplace with Astro. The full exceeds $1.3 billion. Greek shipowners usage the flexible, tax-attractive wealthiness absorption services of Greek banks successful Cyprus arsenic further collateral for loans they instrumentality from the island. This creates a triple extortion network: Greece-Cyprus-Dubai. Nicosia emerges arsenic a cardinal hub, offering a European model with Cyprus’ taxation flexibility, portion Dubai provides a Western alternate for those seeking liquidity with minimal questions. One happening is certain: the Athens-Nicosia-Dubai triangle is establishing itself arsenic a precise beardown basal for shipping finance.

Over 650 ships connected bid for Greek interests

Greek shipowners are besides starring successful shipbuilding, with implicit 650 ships connected bid for Greek interests crossed each large types. Greeks clasp astir 18% of planetary orders, from bulk carriers and tankers to containerships and LNG/LPG carriers. Many wonderment what’s happening with the Greeks. I precocious asked 1 of them astatine an event, who is progressive successful the New York superior market. He told maine that shipping companies person made truthful overmuch wealth successful caller years—and proceed to—that they “don’t cognize what to bash with it.” He added, “Indeed, the orders we’ve placed, and proceed to place, are precise many,” and smiled, asking, “Let’s spot what we’ll bash with each these ships.” He past explained the reasoning: “With truthful overmuch currency connected hand, astir of america take to fortify our fleets. New builds are expensive, but truthful are second-hand ships. So we opt for caller ships, which won’t suffer value. Even if the marketplace turns, we tin power it. Used ships, nether the aforesaid conditions, would person debased resale value. That’s simple.”

“Green sea” with… reddish numbers for Greek shipping successful 2026 (1)

At a clip erstwhile Greek shipping is investigating its limits amid rising biology obligations and precocious vigor costs, 2026 is shaping up arsenic a twelvemonth of equilibrium and adjustment. Companies are entering a signifier of cautious moves, focusing connected some way sustainability and the indispensable fleet renewal, which is present unavoidable. The announcement of the caller four-year nationalist work declaration tender provides a much unchangeable model for alleged unprofitable routes, offering companies the predictability needed to put successful greener technologies. At the aforesaid time, however, the implementation of the EU ETS and the upcoming FuelEU Maritime regularisation importantly increases operating costs, highlighting the request for a peculiar “Fund & Reward” to instrumentality emissions gross to the sector. Ferry operators are calling for a unchangeable taxation situation and a reappraisal of the scheduling model to bespeak the world of a highly seasonal market.

Discussion unfastened connected VAT simplification (2)

The treatment connected reducing VAT connected ferry tickets remains open, with Greece maintaining 1 of the highest rates successful Europe, straight affecting institution competitiveness and rider costs. The Ministry of Shipping, for its part, seeks to equilibrium this unit with larboard interest reductions and enactment measures, recognizing ferry services arsenic not lone an economical assemblage but besides a captious societal nexus for the islands. Industry executives noted that 2026 volition beryllium a twelvemonth of decisions.

Hand successful hand: DEI and OTE

Although a duopoly has emerged betwixt OTE and DEI pursuing DEI’s introduction into telecommunications, yesterday some avoided antagonistic marketplace sentiment and were 2 of 4 bluish chips gaining implicit 1%. DEI approached €16 per share, trading astatine levels unseen since September 2009. Turnover reached €17.2 million, good supra accustomed levels, with implicit 1 cardinal shares traded. This year, it has gained 28.6%. OTE besides gained momentum, closing supra €16, a six-week high, though inactive beneath the yearly precocious of €17.7. In a caller Deutsche Bank study connected the DEI-OTE telecoms competition, the German steadfast acceptable a €20 people for OTE, a level past seen successful May 2008. Morgan Stanley gives the aforesaid target, highlighting OTE arsenic 1 of the astir charismatic European telecom stocks.

The imagination turned nightmare for Palantir

Palantir Technologies is simply a U.S. bundle institution specializing successful information analytics and AI. Founded successful 2003 by Peter Thiel (co-founder of PayPal) and different investors, it works intimately with U.S. authorities agencies connected information and monitoring, particularly regarding migration. It is besides considered highly innovative successful information analytics, converting information chaos into actionable policies for counterterrorism oregon firm optimization. Yesterday greeting (U.S. time), Palantir banal deed grounds highs up of its net announcement. Hours later, the imagination became a nightmare arsenic the banal fell 14%, from $214 to $191–192. Trading measurement indicates important organization selling, arsenic galore believed the marketplace had overvalued growth. With P/E ratios precocious and AI hype showing fatigue, the sell-off shook Wall Street. Interestingly, Palantir has go a bellwether for the AI trade—when it falls, it drags Nvidia, Microsoft, and the full AI ecosystem with it.

Major correction successful cryptocurrencies, led by Bitcoin

Some speech of the extremity of the bull run. Others fishy a “Trump trap,” arsenic rumors circulate successful Washington that the authorities is considering caller cryptocurrency regulations, contempt pre-election “crypto-friendly” rhetoric. The U.S. SEC is tightening oversight of crypto exchanges, with speculation astir imaginable taxation connected crypto transactions. Yesterday, Bitcoin dropped to $103,923, falling $2,625 implicit 2 days, reaching the lowest levels since June 2025. The crisp correction began from $111,500. Bitcoin broke captious method enactment astatine $106,000 and $105,000 with precocious trading volumes. Technical analysts present ticker the intelligence $100,000 level; if it breaks, the adjacent enactment is $95,000, signaling a 15% correction from caller highs. Optimists imagination of $150,000 per Bitcoin.