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Hello, the quality of the time yesterday came from Ambassador Guilfoyle, who told ERT that President Trump volition travel to Greece wrong the year. Initially, it was thought that this would instrumentality spot successful the discourse of the NATO Summit successful July, but the accusation astir erstwhile helium volition travel has not been confirmed by either the American oregon the Greek side. What you should support is that the POTUS volition come, and of people Mitsotakis would similar this to hap earlier the elections, if helium yet holds them this year.
Announcements connected the Constitution successful the Parliamentary Group
Let’s determination to existent affairs. Much is being said astir the New Democracy Parliamentary Group connected Thursday; however, the Maximos Mansion wants to acceptable a law framework. For this reason, the PM’s communications squad is already moving connected promoting the proposals for the Constitution that Mitsotakis volition present, portion instantly afterward the ND rapporteur Evripidis Stylianidis—who has done the preparatory work—will instrumentality the floor. Then the database of speakers volition unfastened to those interested, though each MP volition person 3 minutes to accidental what they wish. Now, obviously, immoderate volition openly accidental what they think, portion others volition amusement immoderate restraint successful beforehand of Mitsotakis.
Bartholomew’s meal with the Archons
Yesterday day Patriarch Bartholomew went to the Pallas Theatre, but successful the evening helium was a impermanent astatine a meal with distinguished invitees astatine the Electra Palace hotel. Present were Archons from the U.S. and Greece, specified arsenic Father Alex Karloutsos and Antonis Lyberakis, portion from Greece my root saw entering the edifice the president of the Greek Archons Athanasios Martinos, Gerasimos Fokas, the doctors Leonidas Iliopoulos and Sotiris Tsiodras, and the president of the Hellenic American Union Leonidas Tzonis. As for the Patriarch’s governmental contacts, contiguous helium volition be the conferment of Evangelos Venizelos arsenic emeritus prof astatine the University of Athens, connected Thursday helium volition spell to the Presidential Mansion, and connected Friday day to Mitsotakis.
Mylonas’ investiture
Since I’m connected ecclesiastical matters, fto maine archer you that contiguous the CEO of the National Bank, Pavlos Mylonas, volition beryllium invested arsenic an Archon of the Patriarchate successful a peculiar ceremonial astatine the Representation Office of the Ecumenical Patriarchate successful Kolonaki, other the War Museum.
Karamanlis and Schinas unneurotic for wine
Although Karamanlis volition not be the ND congress, helium continues his societal appearances. Today helium volition beryllium contiguous and talk astatine the lawsuit marking the 75th day of the Central Cooperative Union of Wine Products, unneurotic with the Minister of Rural Development, Margaritis Schinas. For those who don’t know, Schinas had served arsenic an ND MEP from 2007 to 2009, during Karamanlis’ presidency, erstwhile Samaras resigned and returned to nationalist politics.
President Nikos, Theodora from Pella, and our 20 candles
New difficulties are emerging connected the electoral skyline for President Nikos A., who, erstwhile helium acceptable word limits truthful that idiosyncratic could tally again for re-election with PASOK, had not thought the full program done precise carefully. At first, the regularisation worked for him, since it acceptable perfectly the lawsuit of Haris Kastanidis, with whom Androulakis had not adjacent exchanged a greeting since 2023—when Kastanidis held the 1 and lone PASOK spot successful Thessaloniki. Kastanidis yet resigned and heavy criticized the president. But the communicative of word limits has a “tail,” that is, the prohibition connected candidacy for immoderate MP who has “blown out” 20 candles of parliamentary tenure and wants more. If the infinitesimal of “broadening” comes for Theodora Tzakri, past the autarkic MP (formerly of SYRIZA and vice president nether Kasselakis) volition recognize the dormant extremity successful the treatment astir moving again with PASOK. This is due to the fact that Tzakri was archetypal elected with the “green sun” successful 2004, opening a agelong parliamentary vocation that intelligibly exceeds 20 years. So what volition the PASOK person bash if helium has shaken hands with Theodora from Pella and is preparing to see her connected his ballots? Will helium archer her “this is wherever our paths portion again,” oregon volition helium effort to agelong the Congress decision? Unless the word bounds is simply a convenient “excuse” for President Nikos to debar Tzakri’s candidacy—and with it the beardown reactions from PASOK members astir the “return” of governmental “wanderers”…
Karytianou’s unveiling—where and when?
On April Fools’ Day she announced a party; close aft May Day she said this May would beryllium historical for the state and her movement, and she is moving up successful the tone of “we said it, we did it.” We present person some a day and a notation constituent for Karytianou’s premiere. As we had already indicated, she volition launch—i.e., unveil the party—with an unfastened gathering successful Thessaloniki, and truthful we sought much information. Karytianou is going to Thessaloniki connected May 21, the feast of Constantine and Helen, a Thursday. Her squad has not yet decided connected the venue—it has, however, ruled retired the Vellideio and, successful general, the “classic” options. The hunt for a venue continues truthful that connected the “locked” day (the 21st) the erstwhile president of the Tempi victims’ relation volition person acceptable a founding declaration and, if possible, respective 1000 signatures. A “source” for the enactment sanction is words that lucifer the April Fools’ slogan “we are starting for hope.” We besides larn that the prime of Northern Greece, and Thessaloniki successful particular, has symbolic worth for Ms. Karytianou—and we would add, much voters nearby, since polls amusement important inflows from different parties specified arsenic Greek Solution and Niki. Moreover, each parties truthful acold contiguous their founding declaration successful Athens, not Thessaloniki. Yes, but past wherefore did she acceptable up her office successful Athens? Questions I have, you see?
Tsipras – Documentary
Yesterday I asked a root wherefore Tsipras did not privation to enactment successful SKAI’s documentary (Varvitsiotis–Dendrinou) astir 2015 with a due written connection oregon astatine slightest a abbreviated interview. Instead, helium responded aphoristically with a letter—relatively polite for Tsipras and SYRIZA compared to their past. The reply I got is that Alexis nary longer wants to proceed discussing the 2015 government; helium is looking ahead. Perhaps helium should not person responded astatine each astir the “SYRIZA 2015 happenings,” due to the fact that nevertheless you look astatine it…
Final: Bakoyannis volition tally again for the Municipality of Athens
After respective months of disagreement, Kostas Bakoyannis has decided: helium volition tally again for politician of Athens, seeking to “take revenge” for his decision by Haris Doukas successful 2023. He considered moving arsenic an MP successful Athens A constituency, and determination were discussions astatine a precocious level, but helium yet chose to instrumentality to section government. “Since determination is nary mayor, idiosyncratic has to woody with Athens,” Bakoyannis tells his interlocutors, giving a sensation of what we volition spot pre-election from the 2 rivals.
The acquisition of “Amoiridis-Savvidis SA” by Kotsovolos is closing
Since PPC is successful the spotlight these days, fto america enactment that the acquisition of “Amoiridis-Savvidis SA” by Kotsovolos—already acquired by PPC—is nearing completion. Information suggests we should expect authoritative announcements wrong the month, astatine the latest successful June. The statement provides that the existent president and CEO Konstantinos Amoiridis volition stay successful the company, which represents MORRIS, F&U, UNITED and MIYATO GENERAL appliances, for 2 years and past depart. It is worthy adding that the quality has caused immoderate disturbance successful the market, peculiarly among Kotsovolos’ suppliers, who interest that erstwhile the woody is finalized, the country’s largest electrical appliance retail concatenation volition peculiarly favour MORRIS products.
The bundle of “cured” loans of doValue goes to Fortress
The archetypal transaction of rehabilitated Greek loans is present a fact—an important instrumentality for servicers successful handling recoveries and achieving Hercules programme targets. The loans were transferred from doValue Greece to a backstage investor, reportedly Fortress. These restructured loans, though performing, bash not conscionable each the criteria of the European Banking Authority (EBA) to beryllium considered afloat existent and frankincense sold to a bank, arsenic the SSM would not o.k. it. In astir 2 years, if the loans stay performing, they volition conscionable supervisory criteria and tin beryllium transferred to a recognition institution. When, with the extremity of the Recovery Fund, the gait of recognition enlargement normalizes, specified transactions volition beryllium a mode for banks to grow their portfolios. At the aforesaid time, the groundwork is gradually being laid for thousands of households that fell into hardship during the crisis, but restructured their debts and comply with the terms, to instrumentality to mean banking conditions.
Lower people acceptable for Trastor
Trastor Property Investments has chopped its archetypal people successful fractional for the magnitude of superior it aims to rise done a stock superior increase. At the extremity of February, the existent property concern institution had stated that its volition was to rise €150 cardinal successful bid to capitalize connected opportunities emerging successful the Greek spot market. Possibly the information involvement successful the superior summation was not arsenic expected, truthful the REIC, which is 98% controlled by Piraeus Bank, announced that it volition yet proceed with a stock superior summation targeting up to €75 million. The summation volition beryllium carried retired with the abolition of pre-emptive rights of existing shareholders successful bid to amended liquidity and escaped float. The caller shares volition beryllium offered successful the Greek marketplace via a nationalist offering, and overseas done backstage placement.
Another…ministerial spot changes hands
How volition Trastor utilize the funds it raises? The largest portion, €39 million, volition beryllium directed toward the acquisition of 3 bureau buildings successful cardinal Athens, including 1 that houses services of the Ministry of Finance. Thus, aft the gathering that hosts the Ministry of Interior connected Vasilissis Sofias Avenue 15, yet another… ministerial spot is changing hands. In addition, a 9-storey gathering astatine 58 Athinas Street (housing the EYDAP Health Fund) and different 9-storey gathering connected Lykourgou Street, other Kotzia Square, volition beryllium acquired.
Temporary medication astatine EDRASI Psallidas by tribunal decision
The assignment of a impermanent medication astatine the troubled operation institution EDRASI H. Psallidas SA was decided by the Single-Member Court of First Instance of Athens. The determination was issued successful the discourse of an exertion for interim measures filed by doValue Greece, the proceeding of which has been acceptable for May 11, 2026. According to the interim order, the tribunal accepted the petition and appointed a caller medication until the lawsuit is heard. The impermanent medication consists of Nestoras Avgoustianos, Michail Chinaris, and Fotios Papadogiannis, who volition grip the company’s contiguous and urgent matters. EDRASI had a agelong past successful the operation assemblage and had adjacent been listed connected the banal exchange, but faced superior fiscal problems and, though it reached a restructuring agreement, was incapable to work it. In 2019, banks terminated its loans, initiating auctions of its properties, including its main facilities successful Koropi.
End of an epoch for Giorgos Troullinos astatine Intracom Defense
After galore years successful the absorption of Intracom Defense, Giorgos Troullinos—one of the astir well-known executives successful the home defence industry—resigned, according to reports, arsenic CEO past week. This marks the completion of the company’s strategical shift, 3 years aft its merchantability by Socrates Kokkalis to Israel Aerospace Industries (IAI) for astir €60 million. This improvement marks the opening of a caller chapter. Intracom Defense, present internationally known arsenic IDE, is undergoing a extremist transformation, and past twelvemonth carried retired a €20 cardinal superior increase. IDE is present the cardinal conveyance of the Israelis successful Europe, focusing connected the improvement of cutting-edge technologies successful rocket systems, communications, and unmanned aircraft. According to information, determination is an volition for Greek companies to enactment successful IDE’s shareholding structure, turning it into a beardown section defence hub with planetary backing. With the expected upgrade of its concern facilities successful Koropi, the Israeli institution is preparing to play a starring relation successful projects of nationalist importance, specified arsenic the instauration of the “Greek Dome.”
Africa reshapes the outlook for Coca-Cola HBC
Tomorrow astatine 9 a.m., Coca-Cola HBC volition people its first-quarter fiscal results. The marketplace notes its €18.7 cardinal valuation, but attraction is focused much connected the coming quarters than connected the first. Sales measurement is expected to attack 700 cardinal cases successful Q1, representing a important summation from 469 cardinal successful 2019. HBC has grown astir +50% successful measurement implicit the past 7 years without reducing its nett margins. The cardinal operator is its African expansion. South Africa provides unchangeable currency flows, portion East Africa adds semipermanent maturation potential, with young demographics, underpenetrated brushed portion consumption, and a increasing mediate class. Management has indicated expectations of +6% to +7% integrated gross growth, on with a corresponding summation successful operating profits. Coca-Cola HBC is trading astatine 10.1 times 2026 operating earnings, with a P/E of 17.2, implying a favorable discount of astir 7% compared to the decennary average. In different words, the marketplace has not yet afloat priced successful the new, expanded standard resulting from its African expansion—this is what tomorrow’s announcements are expected to address.
Vote of assurance from institutions successful CrediaBank
CrediaBank was the standout performer successful yesterday’s outperformance of the banking sector, making a peculiarly awesome move. The banal recorded gains of 5.94%, closing astatine €1.284, a level accompanied by beardown trading enactment and important repositioning by organization portfolios. The spot of the emergence is confirmed by trading volume—the 3rd highest connected the committee aft Eurobank and Alpha Bank—as much than 2.42 cardinal shares changed hands during the session. CrediaBank’s surge brought its valuation to €2.55 billion, reflecting capitalist assurance successful the maturation strategy being implemented by its management.
New all-time precocious for GEK TERNA
GEK TERNA confirmed its beardown momentum by signaling yet different all-time high. After 4 consecutive rising sessions, the banal closed astatine €41.54, posting a 1.12% summation yesterday. The group’s marketplace capitalization present stands astatine €4.3 billion. This caller grounds was accompanied by accrued trading activity, exceeding €15 million, with a measurement of 366,000 shares. Since the commencement of 2026, GEK TERNA has gained much than 63%. Based connected the targets precocious acceptable by Santander (€53) and Euroxx (€54), determination is inactive important country for further upside, estimated astatine 28–30% comparative to those people prices.
The caller TITAN geopolitical strategy
Before the marketplace opens tomorrow, May 7, TITAN volition besides denote its results. For the archetypal clip successful years, the fiscal figures volition transportation a antithetic weight, arsenic they incorporated a bid of moves that alteration the scope of the group. From November 2025 to May Day 2026, the TITAN Group completed 3 large acquisitions: Vracs de l’Estuaire astatine the larboard of Le Havre successful France (a grinding works of 0.6 cardinal tons), Traçim Çimento successful the greater Istanbul country (production capableness of 2.5 cardinal tons with the enactment for a 2nd enactment of adjacent capacity), and Keystone Cement successful Pennsylvania (990,000 tons of clinker annually). In theory, the acquisitions successful Turkey and France could adhd much than €40 cardinal successful EBITDA successful the coming quarters. On the different hand, the concern successful the U.S. is much complex. A anemic lodging marketplace combined with a depreciated dollar is weighing connected Titan America’s performance. Revenue successful the U.S. is expected to diminution by astir 5% successful euro terms, though the U.S. marketplace was, is, and volition stay the group’s main engine, contributing astir 45% of full EBITDA. Analysts’ involvement is focused connected the valuation of TITAN’s aboriginal strategy, with a skyline to 2029. It volition beryllium absorbing to perceive however absorption assesses the caller geographical architecture crossed the pentagon of the U.S., Greece, Turkey, Egypt, and present France.
A nationwide alignment among shipyards, ports, shipowners, banks, and the state
At the caller Waterborne conference, a European practice level for the maritime and shipbuilding assemblage held successful Athens, Panos Xenokostas, president of the ONEX Group and the Hellenic Shipyards Association, delivered a connection that was much political-strategic than method oregon sectoral. It was a telephone to signifier a unified “maritime powerfulness bloc” successful Greece. The state, shipowners, banks, ports, and manufacture should run arsenic a azygous strategy with a communal strategical objective. His connection is interpreted arsenic an effort to institutionally upgrade the relation of the home shipbuilding assemblage from economical to national—meaning not simply marketplace development, but a cardinal spot successful the country’s geoeconomic argumentation done a unchangeable organization and fiscal model of practice among each “maritime forces,” and the positioning of Greece arsenic a determination hub for shipbuilding and exertion successful Europe. His notation to “miracles since 2019” centered connected ONEX, and to practice with planetary fiscal and governmental actors, besides serves arsenic a reminder that the shipyard task is not lone business-driven but besides profoundly politically supported and internationalized.
When the Martinos squad clashes with giants—and wins
Andreas Martinos Jr. continues steadily strengthening Minerva Marine’s fleet successful a suezmax marketplace that is virtually “boiling.” He acquired 2 astir completed newbuild suezmax tankers that had been sidelined owed to sanctions, frankincense opening the mode for a speedy resale connected the unfastened market. The vessels, built successful 2026 astatine Samsung Heavy Industries, instantly attracted aggregate buyers, with contention sharply intensifying. Market backstage speech suggests that the figures initially mentioned—up to $120 cardinal per vessel—do not afloat bespeak reality, with last prices coming successful lower, illustrating conscionable however “nervous” yet opportunistic the tanker marketplace remains. The interest, however, is not constricted to this transaction. The broader representation shows a dependable repositioning of Minerva toward newbuild tonnage, with much than 50 tankers already successful its fleet and caller moves astatine Hengli Heavy Industry shipyards for caller suezmax orders aft years of lack from specified contracts. What is being discussed successful shipping circles is that the Martinos squad is not simply chasing opportunities but is creating openings for the adjacent marketplace cycle, with moves that bespeak timing alternatively than elemental fleet expansion.
Aristeidis Pittas sends a connection of spot to freight markets
The caller determination by Aristeidis Pittas to spot 4 further orders for feeder containerships connected behalf of U.S.-listed Euroseas—two with a capableness of 2,800 TEU high-reefer and 2 of 1,800 TEU—remains a taxable of discussion. This is due to the fact that analysts connected Wall Street and beyond construe it arsenic a connection alternatively than conscionable different concern move. The shipowner is not waiting to spot wherever freight markets are heading; helium has already anticipated and decided that they volition determination toward the segments wherever his vessels volition operate. At a clip erstwhile astir successful the assemblage are taking cautious steps connected bladed ice, Pittas appears to enactment arsenic if helium has already seen the concern scenery of 2028 and considers it favorable. A full of 10 newbuild feeder containerships, astir $500 cardinal successful capex, and a backlog of $650 cardinal for Euroseas are not simply signs of concern subject but a subtle declaration that uncertainty does not use to everyone. As 1 accepted Greek shipowner has said, the top hazard successful shipping is not taking risks.
The atrocious quality came from Australia
Early yesterday morning, the Reserve Bank of Australia (RBA) announced what the marketplace had agelong expected but different cardinal bankers similar not to sermon publicly. It raised the Australian dollar involvement complaint by 25 ground points to 4.35%, with a ballot of 8 successful favour and lone 1 against. This was the 3rd consecutive complaint hike successful 2026, afloat reversing the easing rhythm that had begun successful 2025. In essence, the complaint has returned to its 2024 high. The RBA stated what galore hesitate to accidental openly: ostentation is present to enactment for rather immoderate time, and the cardinal bank’s relation is terms stableness alongside afloat employment. The RBA acknowledged that higher rates mostly bespeak revised expectations for monetary argumentation successful effect to anticipated inflationary effects from the struggle successful the Middle East. In the eurozone, inflation—still astatine 1.9% successful February—has surged to 2.6% successful March and 3.0% successful April. The ECB kept rates unchanged connected April 30, but discussions are present focused connected a imaginable 25-basis-point hike successful June, with Christine Lagarde intelligibly leaving the anticipation open. What makes the existent situation peculiarly hard for cardinal banks—from Sydney to Frankfurt—is not conscionable inflation, but its operation with anemic growth. The ECB projects maturation of lone 0.9% successful the eurozone for 2026. Central banks specified arsenic the Fed, ECB, Bank of England, and Bank of Japan look this nonstop dilemma: higher ostentation calls for tightening, portion slowing maturation calls for easing.
China is growing—but lone abroad
First-quarter 2026 information corroborate that China’s GDP grew by +5% year-on-year, exceeding adjacent the astir optimistic authorities forecasts. This maturation is chiefly driven by exports. China’s manufacture produces more, but its nine cannot devour it. The aged exemplary of accumulation based connected inexpensive labour is nary longer decisive. China’s manufacture present relies connected precocious exertion and produces precocious value-added goods, from cars to semiconductors. Exports of electrical vehicles surged by +58.5% successful Q1, lithium artillery exports roseate by +50%, and upwind turbines by +45%. Domestic demand, however, remains weak. Retail income accrued by conscionable +2.4% year-on-year. The existent property marketplace remains stuck successful a prolonged downturn. Goldman Sachs notes that China is successful the 5th twelvemonth of a operation assemblage crisis, with cardinal indicators (new gathering permits, sales, investments) down by 50% to 80% from their 2020–2021 peaks. Yesterday, The Economist highlighted precisely these 2 faces of China: an system that exports abundantly but lives with the disappointment of a mediate people incapable to consume. China is simply a state that manufactures products the remainder of the satellite wants to buy—but not its ain citizens.
The champion capitalist successful the satellite is the U.S. government
In August 2025, the medication of President Trump acquired 433.3 cardinal shares of Intel, paying $8.9 billion—effectively $20.47 per share. In practice, the backing came from converting $5.7 cardinal successful unused CHIPS Act grants and $3.2 cardinal from the Secure Enclave program. At the time, the state’s information was described arsenic “passive,” meaning without voting rights—a axenic concern without engagement successful Intel’s concern plans. Suddenly, past week, connected April 22, Intel recorded a +24% emergence successful a azygous session—the champion regular show since October 1987. Officially, the surge was attributed to Q1 2026 results, with gross of $13.58 cardinal (+7%). The Data Center and AI portion posted +22% gross growth, portion Intel Foundry grew by +16%. The caller CEO, Lip-Bu Tan, has improved yields successful the latest spot accumulation technologies, portion Tesla signed connected arsenic the archetypal large lawsuit for the company’s astir precocious technology, the “14A node.” As a result, the government’s involvement is present worthy astir $43 billion—an summation of much than $34 cardinal successful little than 9 months. Trump has already turned this into a communications weapon, portion Wall Street calls it “the commercialized of the decade.” In California, successful Silicon Valley, fewer uncertainty that Intel is backmost successful the game.
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