The commotion has begun, Alexis is founding a party (or something Macron-style), who his key figures are and who’s fuming, the Saudi minister’s meetings, the stockbroker with the Porsche

Hello there. Now, you’ll say… “you’re similar a breached record, you’ve been saying the aforesaid things volition hap this winter.” What tin I do? I’ll accidental it again: the champion is yet to come. And it each started yesterday with Alexis Tsipras announcing his departure from SYRIZA, heading “for caller seas,” arsenic helium enactment it — which, translated, means a caller party. Or thing similar that, since lately I’ve been proceeding speech of an “electoral confederation of personalities,” Macron-style, though I’m not wholly convinced. I tried teasing my first-class root successful the governmental satellite by saying “does this ‘new seas’ enactment hint at…?” But they laughed and replied, “Stop the provocations. Alexis is addressing his aged comrades — we’ve been done this. We’re not joining forces with businessmen; nary offense, but we’ll support our independence.”

Reactions…

Let’s beryllium honest: our leader, the large helmsman Alexis, ne'er goes unnoticed. I’m astir apt the lone 1 who didn’t contented a connection to onslaught him. Of course, New Democracy did, PASOK did — and its assorted warlords individually — arsenic did each the erstwhile comrades, who impeach him of causing a split. As if the archetypal “First Time Left” (SYRIZA) hadn’t already fragmented into 10 pieces — it’s Tsipras making 1 much that bothers them. The lone 1 who remained gracious (by nature, anyway) was besides the astir straight affected: Sokratis Famellos, whose enactment Tsipras conscionable left. He astir apologized to Tsipras — the antheral who near SYRIZA!

The sauerkraut and the oracle of a caller party

Let maine punctual you that past week Tsipras, inactive arsenic an MP, participated successful the enactment of the Council of Europe. The mixed parliamentary delegation posted a “family photo” from a meal held astatine the ambassador’s residence. In the picture, the erstwhile PM was surrounded by Dora Bakoyannis, Theodoros Roussopoulos, George Papandreou, Evripidis Stylianidis, Yiannis Oikonomou, Dimitris Markopoulos, Giorgos Stamatis, Dimitris Mantzos and Nefeli Chatziioannidou. I asked immoderate of those contiguous whether — betwixt the tarte aux oignons (onion tart), choucroute garnie (sauerkraut with cured meats), and fine, fruity Alsatian Gewürztraminer — helium confided thing astir his intentions. The reply was no. They did say, however, that helium seemed mostly disenchanted with SYRIZA. But they passed connected 1 remark of his that I recovered revealing. When asked whether helium plans to recovered a party, helium said: “A erstwhile premier curate starts a enactment lone to go premier curate again.”

Why now…

Readers inquire wherefore helium rushed to permission present — does it mean the enactment motorboat is coming earlier than the caller year? The reply I got was: “He didn’t privation to be Parliament’s opening blessing ceremonial arsenic a SYRIZA MP.” Personally, I judge helium besides wants to beryllium “set up” early, due to the fact that founding a caller enactment — particularly connected the Left — is nary casual task. (Not that the Right is overflowing with endowment either…)

The reservoirs…

Several sentiment polls are presently measuring the imaginable interaction of caller parties successful formation. In Tsipras’s case, 1 caller canvass recovered that implicit 19% of respondents were either definite oregon inclined to ballot for him (8% were solid). Where would Tsipras’s enactment travel from? Roughly, two-thirds of SYRIZA’s 2024 European predetermination voters, 40% of the New Left voters, 19+% from Plefsi Eleftherias (Course of Freedom), 13% from KKE (Communist Party) and astir 10% from PASOK. Of course, polls are 1 thing, ballot boxes another…

The radical of Amalias Street…

Tsipras is said to beryllium conducting a thorough screening of imaginable figures to articulation his caller party. He’s reportedly not anxious to trust connected existent SYRIZA MPs arsenic a base. Later on, erstwhile it’s clip to compile electoral lists, helium volition apt see immoderate — nether conditions. At his offices connected Amalias Avenue, a halfway squad of adjacent associates is successful changeless interaction with him. They include: Michalis Kalogirou (longtime director), Vangelis Kalpadakis (splits his clip betwixt Athens and Vienna), Giorgos Chouliarakis and Dimitris Liakos (economic team), Giorgos Vasiliadis (in complaint of scouting people).

What Maximos Mansion is saying

“This is an accidental for radical to retrieve who Tsipras is, but for us, he’s not the benchmark,” a root from the Maximos Mansion (Prime Minister’s Office) told maine astir Tsipras’s caller venture. Government spokesperson Marinakis reportedly made a jab astatine Tsipras’s “new seas” phrase, saying “last time, we needed beingness vests” — but that’s not their authoritative strategy. Obviously, Maximos isn’t going to unreal helium doesn’t exist. They’ll support reminding voters of his record. But based connected their research, they judge they shouldn’t revive the Mitsotakis–Tsipras two-party dynamic — that was settled for galore voters successful the 2023 elections, isolated from possibly ND’s hardcore base.

Meeting connected peculiar spatial planning

Meanwhile, meetings upon meetings are held regular astatine Maximos connected assorted cardinal issues. Following yesterday’s gathering connected h2o — focusing connected urgent interventions needed to forestall Attica from moving retired successful 1.5 years — today’s treatment volition interest peculiar spatial plans. Participants see K.M., Hatzidakis, Papastavrou-Tagaras from the Environment Ministry. The extremity is to finalize peculiar spatial plans for renewable vigor and tourism by year’s end, though important pending issues stay for industry, mineral resources, aquaculture, and more.

The Saudi Arabian Minister’s Visits and Meetings

Since yesterday, the Saudi Arabian Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, has been successful Greece. He met with Theodorikakos and Papastavrou, portion the Minister of Development took him successful the day to the Elefsina Shipyards, arsenic Greece is funny successful bringing the Saudis into the equation and securing orders for the shipyard. Particularly noteworthy is the meal that Theodorikakos is organizing for him contiguous with representatives of the largest Greek companies from the industrial, energy, construction, and different sectors. The Saudi curate controls respective 100 billion, truthful it’s champion not to miss these kinds of opportunities…

Petralias’s “Glass”

Yesterday, aft the decision of the statements regarding the submission of the draught Budget, Pierr (likely referring to the Finance Minister) smilingly said successful a tiny informal property chat astir Petralias:
“Some spot the solid fractional full, immoderate fractional empty. Thanos sees it doubly arsenic big,” acknowledging the relation of the Deputy Minister, who shapes the last signifier of economical policy. Let’s not forget, aft all, that Pierrakakis and Petralias are the “architects” some of the rent rebate announced astatine Easter and to beryllium implemented successful November, and of the Thessaloniki International Fair measures aimed astatine supporting the mediate people and addressing the demographic issue.

Negotiations for Two Organic Product Companies

Leaving speech the concerns the French concern is causing successful the markets, let’s crook to the microcosm of the Greek market, starting with the accrued enactment surrounding integrated merchandise companies. According to marketplace sources, 2 abstracted dialog cases are underway involving 2 antithetic funds. Neither woody is guaranteed to close, though the 1 that seems much precocious is Bioagros’s talks with Halcyon Capital, presently astatine the owed diligence signifier — which means thing is finalized yet.
On a related enactment astir food, I perceive it’s lone a substance of days earlier the acquisition of Kritikos by Masoutis is formally concluded.

Euronext’s Plan for the Athens Stock Exchange (ATHEX)

Interesting details look from the accusation memorandum regarding Euronext’s nationalist connection for the Athens Stock Exchange. The memorandum has been published, and immoderate capitalist visiting Euronext’s website conception dedicated to the nationalist connection volition acquisition a benignant of “cultural shock” astatine however nonstop and wide the accusation is: it lays retired the cardinal facts shareholders request to know, provides step-by-step acceptance instructions, an FAQ section, and more. Now to the essence: Euronext’s program for the Athens Exchange is to integrate it into its level and crook it into a hub for institution listings from the broader Southeastern European region, nether the sanction “Euronext Athens.” A cardinal relation is played by its technological infrastructure — specifically, Euronext’s unified trading, clearing, and post-trading level — which is planned to beryllium incorporated into the Greek exchange. Euronext expects to execute yearly currency synergies (run rate) of €12 cardinal by the extremity of 2028, chiefly done migrating the Greek trading marketplace to the Optiq level and harmonizing halfway functions. The modulation of ATHEX’s systems to the unified level is planned for 2027. Additionally: The CEO of ATHEX volition beryllium projected arsenic a subordinate of the Board of Directors of Euronext N.V. An autarkic typical of the Greek fiscal ecosystem volition beryllium projected to articulation the Euronext Supervisory Board astatine the 2026 Annual General Meeting. The Hellenic Capital Market Commission volition stay the main supervisory authorization for Greek markets and volition beryllium invited to articulation Euronext’s College of Supervisors, participating successful the wide supervision of the Euronext Group.

Key Points of the Public Offer

The acceptance play volition past six weeks, until November 17. The speech ratio is 20 ATHEX shares for 1 Euronext share. Based connected the timetable, and provided determination are nary changes, the caller shares to beryllium issued (the speech shares) volition commencement trading connected Euronext markets connected November 24. The full fig of speech shares issued volition beryllium connected however galore ATHEX shares are yet tendered successful the nationalist connection or, if applicable, acquired done the squeeze-out and sell-out rights should the process scope that stage. The accusation memorandum states that G. Chatzinikolaou and G. Kontopoulos person committed to tender their shares (15,000 and 95,000 respectively). Formally, the connection volition beryllium valid if shareholders holding astatine slightest 38.76 cardinal shares, oregon 67% of ATHEX’s full shares, judge it. However, Euronext tin see the connection palmy adjacent with 33%, since it has the right, e.g., 5 days earlier the extremity of the offer, to little the required threshold. An important origin successful the nationalist connection is that arsenic of the extremity of June, ATHEX itself held 2.5 cardinal treasury shares, corresponding to 4.14% of its stock capital. Deutsche Bank is acting arsenic Euronext’s advisor, and Eurobank is the offer’s manager.

In the banking brokerages…they’ve seen it all

The supra concerns are fundamentally astir the nationalist connection but notation to the authoritative model for however Euronext volition proceed. What is much interesting, however, is what is happening down the scenes, with the Dark Room offering intelligence enactment particularly to the unit of the banking brokerage firms… who person seen it all. What preparations they are making, what methods they are inventing truthful that their clients tin easy unfastened overseas accounts successful bid to person the Euronext shares, what informational and different types of emails they are sending, etc. etc. In the banking communal money absorption companies (AEDAK), I ideate determination volition not beryllium akin mobilization, arsenic lone 1 determination is needed, but the unit determination is besides powerfully felt. From the broadside of those who enactment Euronext’s move, the estimates regarding the result of the connection are that it is not considered a done deal, but if the barroom is lowered to 51%, it has bully chances. On the other side, the… unruly ones disagree owed to the ample information of backstage investors successful the Hellenic Exchanges (ATHEX) shareholding structure, and reason that the connection volition conflict to stitchery 50%. Who is close volition beryllium revealed connected November 17 (note: what a time they picked, too!).

The 2 shipowners who enactment the Chinese shipyards

Despite Washington’s aggravated unit to enforce duties connected Chinese-built ships docking astatine American ports, China continues to clasp the lead. More than 50% of caller planetary vessel orders are directed to Chinese shipyards. This percent soared during the summertime months of 2025: 65% successful June and 84% successful August. Despite US–China tensions, China’s shipbuilding manufacture is being supported by caller orders from large shipowners, specified arsenic George Procopiou and the Norwegian John Fredriksen. G.P.’s Dynacom owns the largest tanker fleet connected bid successful the world, with 55 tankers nether construction. If the orders from different companies successful the radical — bulkers and state carriers — are added, the full fig of ships nether operation reaches 83.

The (double) ballot of the chairman

And since the taxable came up, fto maine adhd that G. Procopiou leaves thing to chance. This is besides confirmed by a precise caller amendment to the Articles of Association of “Astir Palace M.A.X.E.”, which owns the Astir Vouliagmeni complex. It should beryllium noted that this analyzable passed into the hands of G. Procopiou astatine the opening of the year, with him taking implicit arsenic Chairman of the Board of Directors. Last week, the amendment of Article 25 of Astir Palace’s Articles of Association was uploaded to the General Commercial Registry (G.E.MI.). This nonfiction sets retired the provisions regarding subordinate representation, quorum, and bulk for the cognition of the Board of Directors. According to the Articles of Association, “the institution is governed by a Board of Directors consisting of 3 to 15 directors,” portion presently the members are 5: G. Procopiou (Chairman), D. Lampropoulos (Vice Chairman), H. Pavlou (CEO), P. Kassi­dokostas–Latsis (Member), and K. Mitsios (Member). Article 25, which regulates issues of majority, antecedently provided that “the decisions of the Board of Directors are validly taken by an implicit bulk of the directors who are contiguous and those represented.” With the said amendment, however, it was added that “in the lawsuit of a tie, the Chairman’s ballot prevails.” It is self-evident that the sentiment of the proprietor and Chairman carries decisive weight, but successful this case, this “advantage” was besides enshrined successful the Articles of Association.

Greece astatine the captious IMF Summit

The submission of the 2026 Draft Budget volition beryllium the beardown paper of the Greek authorities delegation, which, a week from today, volition question to Washington for the IMF and World Bank Annual Fall Meetings. Strong maturation rates, fiscal discipline, a spectacular simplification of Public Debt, and reforms volition beryllium the cardinal arguments of Finance Minister K. Pierrakakis, Michalis Argyrou (head of the Prime Minister’s Economic Office), and Dimitris Tsakonas of the Public Debt Management Agency (PDMA). At a clip erstwhile Sovereign Debts person skyrocketed to grounds levels and two-thirds of the discussions successful Washington interest their management, the Greek broadside volition beryllium a useful, affirmative example. The Global Sovereign Debt Roundtable has announced it volition people a “playbook” for much predictable and faster sovereign indebtedness restructuring procedures, combined with organization reforms connected the relation of planetary fiscal institutions successful supporting countries’ recovery. IMF Managing Director Kristalina Georgieva volition present her cardinal code connected October 8 astatine the Milken Institute, portion the authoritative Plenary Session volition beryllium held connected October 17.

The stockbroker with the bluish Porsche who gives proposal via TikTok

Times person changed. The Stock Exchange is nary longer a taboo. Social media person firmly entered our lives. This is precisely what Mr. Socrates Ch. of Platon seems to believe, who travels with his bluish Porsche betwixt Monaco and Luxembourg, and incidentally besides gives concern advice. With humor, ease, and confidence, helium declares connected TikTok which stocks volition execute well, what are “the games of the market” astatine the moment, and helium shares — for free, of people — his cognition with the assemblage that follows him. In his astir caller analysis, helium mentioned “the astonishment of ELTON Chemicals” arsenic a “hidden card,” which, however, did not enactment retired for him yesterday — conscionable similar ONYX — but determination is ever clip for improvement.

Drop with debased turnover and a pretext from France

It didn’t person the spot to scope higher levels, it didn’t person the temper for a large correction, but it recovered a “golden pretext” successful the developments of French governmental life, which surely impact the full Eurozone, to halt and instrumentality a breather. The affirmative commencement of the General Index lasted lone 10 minutes; it didn’t continue, since the European Stock Exchanges started “in the red” arsenic soon arsenic the resignation of the French premier curate was announced. But erstwhile the European markets constricted their losses, Athens continued downwards, chiefly due to the fact that it didn’t consciousness similar putting up immoderate resistance. The General Index started astatine 2,082.37 points (+0.30%) and past dropped to 2,049.59 points (–1.31%). It ended the league astatine 2,053.08 points (–1.14%). The worth of transactions remained astatine €188.2 million, of which €22.08 cardinal were successful blocks, due to the fact that astir transactions took spot successful “heavyweight” stocks. Worth noting is the determination by Coca Cola HBC (+0.52% astatine €38.5), which aft a agelong clip contributed positively to the General Index with trades worthy €4.45 million. With transactions worthy €28.9 million, Piraeus fell to €7.26 (–2.76%) aft the announcement of a €600 cardinal AT1 enslaved issue, convertible into shares. National Bank (–1.25% astatine €13.07), Alpha (–1.33% astatine €3.70), and Eurobank (–0.97% astatine €3.482) bespeak the clime of yesterday’s session, affecting the remainder of the banking stocks arsenic well. Intralot (€1.178, –4.23%), aft the occurrence of its nationalist offering, rushed to conscionable the superior summation terms (€1.11).

The autonomous people of Viohalco’s shares

The shares of the Viohalco Group kept their region from the nervousness and the mostly mediocre representation presented yesterday by the Greek banal market. With the bulk of stocks “in the red,” Viohalco, ElvalHalcor, and Cenergy Holdings were agleam exceptions, continuing their trajectory astatine levels of historical oregon multi-year highs. VIO took a decisive measurement toward conquering €8 for the archetypal time, with its capitalization present exceeding €2 billion. Over the past 3 days, it has “run” a rally of 7.1%, and this twelvemonth it has strengthened by 46.5%. A buying enactment took spot successful ELHA, which was the bluish spot with the strongest rise. With a 4.4% jump, it closed astatine €3.06, reaching €3.08 astatine the day’s highs. This is the champion adjacent successful much than 17 years, specifically since aboriginal January 2008. CENER followed with a smaller rise, but it was capable not lone to renew its all-time precocious but besides to scope the highest of €13. Over the past 5 days, it has seen lone affirmative signs, posting cumulative gains of astir 8.65%. Its marketplace capitalization stands astatine €2.77 billion, trailing Titan (€2.86 billion) and Motor Oil (€2.88 billion).

The shipowners renovate

After galore years, the Union of Greek Shipowners is proceeding with a important renovation of its privately owned offices successful Piraeus. Works are underway for a implicit refurbishment, with the extremity of being acceptable earlier the solemnisation of satellite shipping — Posidonia — adjacent June. The modernization of the offices includes everything from infrastructure and vigor upgrades to the instauration of modern, technologically updated workspaces. Until the works are completed, the UGS has moved its services to different offices connected Akti Miaouli.

Geneva calling

In the glamorous Bâtiment des Forces Motrices hallway successful Geneva, Kriton Lentoudis of Evalend Shipping was honored arsenic “Shipowner of the Year.” Upon receiving his award, helium called connected the Greek shipping assemblage to basal “on par with different maritime centers” and to much actively enactment the enactment of Mercy Ships — the infirmary ships that supply surgical attraction successful mediocre African countries.

Every AI woody sends stocks soaring

Late the nighttime earlier last, New York time, it was announced that OpenAI — the institution that brought ChatGPT into our lives — volition get 10% of Advanced Micro Devices (AMD) and volition make up to 6 GW of AMD Instinct graphics processors, starting with 1 GigaWatt successful 2026. To get a consciousness of the scale, 1 GigaWatt is capable to powerfulness hundreds of thousands of precocious computers simultaneously. This infrastructure is indispensable for grooming the adjacent generations of artificial intelligence. Immediately aft the announcement, AMD’s stock terms skyrocketed by +25%, from $165 to $207.35 successful a azygous session. OpenAI volition enactment arsenic an aboriginal plan spouse successful the improvement of AMD’s adjacent GPU, the MI450. This determination breaks Nvidia’s monopoly successful the AI processor market. Nvidia had dominated with implicit 90% marketplace stock successful AI chips, but AMD — present supported by OpenAI — becomes a superior competitor. The warfare has conscionable begun.

Hydrogen is changing the operation assemblage successful Britain

It is the archetypal attempt. It didn’t instrumentality spot successful a technological laboratory, but connected a existent operation site. And it changes each the outgo parameters. A immense excavator, a JCB machine, volition tally not connected diesel but connected hydrogen. It has already started enactment astatine the Lower Thames Crossing — a £10 cardinal task connecting Kent with Essex. It marks a soundless gyration successful the operation sector. The excavator is already redeeming 1.1 tons of CO₂ per month. In Britain, plans are already being developed to wholly destruct lipid from operation sites by 2027. The operation manufacture represents 39% of planetary c dioxide (CO₂) emissions, with dense vehicles and machinery consuming immense amounts of diesel. The Lower Thames Crossing serves arsenic a investigating crushed for a new, “green” mode of building: low-emission steel, improved factual methods, and the largest proviso of greenish hydrogen ever made successful the UK. Experience truthful acold shows that hydrogen tin so powerfulness dense instrumentality nether real-world conditions. If the exemplary succeeds, Europe volition person a existent blueprint for however to physique infrastructure without burning its future.