The tragedy of Crete and the parody of ELTA, Karystianou’s Wave, Zappeion becomes Houston, Kimberly’s table no. 30 and the cold cuts match

Hello, the barbarities that took spot successful Crete the time earlier yesterday I deliberation shook each of Greece and reminded america of the atrocious broadside of Greece – that of people continues to beryllium – arsenic good arsenic the timeless responsibilities of each governments without objection that for decades person tolerated the arsenic acheronian broadside of Crete. Everyone knows precise good that the tolerance toward the… Levantine-ness goes done the extortion from our politicians, from OPEKEPE each the mode to lawlessness oregon alternatively the instrumentality of the Kalashnikovs, the section mafias, drugs and smuggling. Not that it’s lone Crete, but what tin we do, the land excels. Even the larboard authorization main of Chania was appointed determination 27 years – mercy, not adjacent Franco successful Spain had that! Who doesn’t cognize that if the authorities wants, it tin wrong a fewer months disarm a fewer villages of Crete and propulsion down bars for similar 10 years each slayer from those that roam escaped and volition bash the aforesaid again? If you spot thing superior happening, travel bent bells connected me…

The parody with ELTA

The different taxable of the days, which I see is not a calamity similar the Cretan vendettas but surely a governmental parody, is the 1 with ELTA. First a fewer words astir the substance of the matter. State postal services globally person astir collapsed present for astir 15 years, gradually, since written correspondence ended from mobiles, SMS and email, deposits and payments (paying bills etc.) are done done banks and of people due to the fact that of the accelerated maturation of backstage courier companies etc. ELTA’s “volume” present is not adjacent 10% of the full market, experts say. So what remains? Maybe work successful distant parts of the country, wherever the grandma wants to get her powerfulness measure and spell wage it… manually? Not adjacent the pension, due to the fact that that is credited automatically to her account, truthful she needs a slope to spot it, if she cannot from her mobile. Fine, precise good. So we request a postman to spell to Ano Magoula, to the grandmother’s house, and a café, a market store, a kiosk oregon an bureau astatine the Community oregon the Municipality to execute ELTA bureau duties. This elemental thing, which volition proceed to beryllium done regarding the postman – due to the fact that they are not abolished nor fired – and the finding, connected commission, of different tiny concern to big ELTA services, became a large governmental and governmental issue, chiefly from the bluish MPs of the provinces. Because seemingly immoderate wrong and extracurricular Maximos have… the incomprehensible? Because… they are warring slaps for free? Or due to the fact that Mitsotakis indispensable recognize that this happening needs pruning oregon adjacent reshuffle successful immoderate cases?

Hatzidakis angry…

Since we’re talking astir the ELTA aftershocks wrong Maximos, fto maine archer you that VP Hatzidakis is fuming (even if helium is not that type…) due to the fact that helium believes that successful this lawsuit helium paid for the ELTA, since among different things helium was charged besides with the CEO of the company, Grigoris Sklicas. Sklicas now, who evidently did not truly recognize arsenic a technocrat the “sensitivities” of the blues, simply sent an email to the Vice Presidency of the Government and considered that helium was covered by what helium announced, and truthful we got the… bully atmosphere. I americium told truthful that Hatzidakis volition spell contiguous to the gathering for ELTA successful Maximos aft the 3-day lack of K.M abroad, asking successful a mode from the PM to enactment things successful order. The remainder tomorrow.

MPs connected the rails

Meanwhile the bluish MPs, successful their despair of collecting – maintaining votes, what they accidental connected the phones for 3 days is unspeakable, portion galore disagree adjacent with the corrective determination of ELTA to instantly adjacent lone the stores of Attica Basin and region capitals. That’s wherefore they are waiting… overmuch and overmuch for Sklicas time successful Parliament, since helium excessively considered that due to the fact that 2 publications were written, the villages had learned what was going to happen.

The “wave” of Karystianou

It is becoming much and much wide to everyone that Maria Karystianou moves successful the logic of creating a caller party, unrelated to the existing ones and without being identified with Tsipras, Samaras oregon anyone else. For present she is trying to stay discreetly retired oregon astatine least… fractional successful fractional retired of the enactment discussion, though this is not easy. In information yesterday Nikos Karachalios (there is lone one!) started teasing with a logo and the sanction “Wave”, portion a video circulated a fewer days agone wherever Nikos Nikolopoulos (NikNik, Karachalios’ friend) appeared talking astir a “wave” that volition travel and volition beryllium based connected values etc. It is evident that existent fermentation is happening present and I americium told that determination person been outreaches, e.g. to a precise known persona of the Left who supported Tsipras and Kasselakis successful the caller past. Karystianou nevertheless with a precocious nighttime station threw Karachalios nether the autobus (why bash you think?), who yesterday spent his full time retweeting astir the “momentum” created by his post. I repeat, we volition person a amusive winter…

Kimberly and array fig 30

For the archetypal quality of Kimberly Guilfoyle astatine the lawsuit marking 250 years since the founding of the US Marines Corps a batch has been written, I database who were contiguous from the governmental and concern world. At cardinal array 30 sat Defence Minister Nikos Dendias with his woman Daphne, Shipping and Island Policy Minister Vassilis Kikilias, the Greek-American entrepreneur and co-founder of Vivid Seats, caput of Skybox Capital, Eric Vassilatos with his woman Dimitra – with whose level the Ambassador arrived successful Athens – the President of the International Propeller Club of the United States and CEO of Franman Kostis Fragoulis, the President and CEO of the Aktor Group Alexandros Exarchou with his woman and CEO of Credia Bank Eleni Vrettou, the laminitis and CEO of TEN Nikos Tsakos and Celia Kritharioti, arsenic good arsenic the British-Cypriot entrepreneur and caput of the Yiannis Group, Yiannakis (“John”) Christodoulou. Also attending were the President of the Hellenic-American Chamber of Commerce Giannis Sarakakis, Guilfoyle’s adjacent subordinate Christos Marafatsos, Kimberly’s lad Ronan Anthony Villency, his begetter and Kimberly’s ex-husband Eric Villency, the Embassy Chargé d’affaires Josh Huck and Deputy FM Haris Theocharis.

When Zappeion becomes the vigor Houston

The superior this week resembles Houston much than the Mediterranean. From Thursday, Athens volition big the Transatlantic Energy Cooperation Summit (P-TEC), with a pantheon of American giants parading astatine Zappeion, adjacent to the Greek vigor crème de la crème. Nearby ExxonMobil, Google, Amazon, Venture Global but besides Cheniere and ConocoPhillips, 2 of the biggest LNG producers worldwide. At the aforesaid array volition beryllium DTEK, the biggest backstage earthy state institution of Ukraine, and INFRA, 1 of the strongest firm groups of Romania. Well, this is however the statement “global vigor epicenter” that accompanies Athens these days is justified. The authorities sees successful this acme a premier accidental to amusement that Greece is nary longer conscionable “an vigor passage”, but a superior and reliable vigor partner. The archetypal talks for LNG deals with American companies are astir the country and determination there, successful the backstage, deals already are being “cooked” that we volition larn successful coming days. At the Greek tables, the crème de la crème: George Stassis (PPC), Konstantinos Xifaras (DEPA Commerce), Andreas Siamisis (Helleniq Energy), Mathios Rigas (Energean), Manos Manousakis (ADMIE) and Maria Rita Galli (DESFA). Earlier, time Tuesday, the PM volition beryllium successful Komotini for the inauguration of the DESFA state compression presumption that volition upgrade Revithoussa’s export capableness from 6 to 8 cardinal cubic meters, export capableness not atrocious for a state that until a fewer years agone was moving to capable its tanks. Athens truthful successful the coming days volition beryllium the epicenter of the vigor chessboard. Only – arsenic ever – the astir absorbing crippled volition not beryllium played successful the panels, but successful the breaks, the huddles and dinners down closed doors. Where the bully deals usually get written. Do not deliberation nevertheless that with the transatlantic acme the quality ends! Next week Helleniq Energy is preparing to contiguous the caller individuality of Elpedison, laying the foundations of the “new era” for the proviso institution that becomes the strategical vigor pillar of the group.

METLEN landing successful Dunkirk

We present determination to the quality from the marketplace which shows accrued mobility. First, adjacent Wednesday November 5th we person the semiannual rebalancing of the MSCI indices. Announcements volition beryllium made Wednesday nighttime and immoderate changes volition use Monday November 24th. The involvement is focused connected METLEN banal successful narration to the abbreviated positions. METLEN the adjacent time November 6 announces results, but the important quality for METLEN comes from London and according to that, connected November 17 it files with Bank of America arsenic advisor a fiscal connection for a French aluminum mill successful Dunkirk. It is simply a installation successful strategical presumption since Dunkirk is an important larboard successful the English Channel, it is adjacent to the Belgian borderline and additionally this peculiar installation is fueled with atomic energy. On Thursday November 6 National Bank announces results, portion Zappeion becomes Houston arsenic we said above, portion connected Friday November 7 Alpha Bank announces 9-month results and past SCOPE announces its standing for the Greek economy.

Extension for ACS

On the juncture of GLS not exercising connected 31/10/25 the archetypal enactment it had to bargain 80% of the courier institution ACS, the file was wondering the different time whether the luck of Th. Fessas to bash gold-bearing deals had tally out. So the reply is no, the luck of the proprietor of Quest has not tally out, since GLS successful the extremity did not workout the archetypal enactment for method reasons that bash not cancel the concern intentions and dispositions. Therefore, the beardown likelihood remains connected the array that GLS volition proceed with the acquisition exercising the 2nd enactment connected 31/10/2026.

The deli meats match: Alexis Yfantis vs Dimitris Vintzilaios

The conflict successful the home deli meats market, astir 450–500 cardinal euro annually, present seems intelligibly to beryllium tilting successful favour of Alexis Yfantis. The caput of the historical nutrient processing manufacture YFANTIS, with income 215.4 cardinal euro and nett profits 10.2 cardinal euro successful 2024, seems to beryllium lasting firmly astatine the top. And with the woody for the acquisition of Nikas, which is expected to beryllium completed by the extremity of the year, lifting the consolidated turnover of the caller strategy adjacent to 290 cardinal euro, helium himself seems to participate 2026 with a wide lead, successful a marketplace that is rapidly consolidating. On the different bank, Dimitris Vintzilaios, 4 years from erstwhile helium took power of Creta Farms aft the “civil war” of the Domazakis brothers that astir destroyed it, continues to conflict to bring it backmost to a profitable path. A fewer days agone the institution published its fiscal statements for FY 2024. According to them income fell marginally to 145.9 cardinal euro and nett losses accrued to astir 1 cardinal euro, from 105k euro successful 2023.

LAMDA: the coastal beforehand shapings besides proceed

LAMDA Development is moving connected aggregate “fronts”, which arsenic announced astatine the extremity of past week besides formally proceeds with the procedures for issuing a communal enslaved indebtedness up to 500 million, with a minimum magnitude 400 cardinal euro and 7 twelvemonth duration. In the latest developments with regards to the large Elliniko task it is of involvement that the coastal beforehand shaping present besides proceeds, beyond of people the operation of the commercialized spaces astatine Riviera Galleria, the Residential Tower with its 173 houses and the abstracted low-rise residential complexes – 115 successful fig – known besides arsenic “Cove Residences” (note: connected the coastal beforehand are besides the 27 plots connected the oversea wherever the villas that person already been sold volition beryllium built). Now, support has been requested from the competent services of the Ministry of Culture of the record relating to the definitive scenery architectural survey of the communal areas, portion of the unfastened abstraction and the cardinal pedestrian walkway, the formation and the shoreline connected the coastal front, wrong the country of the Metropolitan Pole. It is noted present that the coastal beforehand volition besides beryllium the archetypal to beryllium inhabited successful the caller Elliniko metropolis and the people that has been acceptable particularly for the houses of “Cove Residences” is the archetypal tenants to determination successful towards the extremity of 2026 – commencement of 2027.

Piraeus Bank caller provisions astatine 70 cardinal euro successful Q3

According to information, from the caller provisions of astir 70 cardinal euro astir fractional interest the measurement up loans, i.e. prudence for those customers of the slope who bash not privation to alteration their instalments from measurement up to amortizing, and the different fractional interest the loans successful Swiss francs wherever present excessively astir person been restructured arsenic measurement up. Old restructurings of the banks during the situation wherever the incomes of their customers fell dramatically, promoted precise debased instalments astatine the opening of the indebtedness and overmuch higher towards the extremity (step up loans). The SSM demanded forcefully that these restructurings alteration wrong 2026 due to the fact that customers were paying lone involvement during the archetypal years of the loan, different the banks volition person to instrumentality further provisions. Banks person started contacts with their customers offering arsenic lure charismatic rates to judge to person their loans into amortizing. The signed indebtedness contracts with the clientele cannot beryllium changed unilaterally and evidently immoderate borrowers volition not judge the change. For these, provisions are gradually being taken. Regarding the loans successful Swiss francs, the authorities regularisation is expected. Given that 2026 is an predetermination year, it is not excluded that the awaited regularisation volition pb to a generous haircut for this class of loans, successful which lawsuit slope provisions volition request to beryllium increased. It is understood that the supra concerns the indebtedness portfolios of each banks with measurement up restructurings and loans successful Swiss francs.

Diamantis Diamantidis, the 2 tankers and the Houthis

The Greek shipowner Diamantis Diamantidis is mounting his fleet successful question again. Delta Tankers agreed to get 2 of the astir modern suezmax successful circulation, the 156,800 dwt Crude Levante and Crude Zephyrus (built 2021), which nevertheless person not yet been officially delivered. The ships were bought from Greek-owned Metrostar Management, for astir 77.5 cardinal dollars each. The determination besides makes consciousness for Metrostar, which had ordered the ships equipped with scrubber six years agone for 56.5 cardinal dollars each – i.e. astir 72 cardinal dollars today. For Delta, this acquisition is strategic. The terms is moving astatine marketplace levels and the ships correspond the astir modern disposable capableness successful the secondary market, a wide connection that Diamantidis is acceptable to renew his fleet. The rumors successful the marketplace wanted the Greek shipowner to beryllium searching for suitable ships for rather immoderate time. The existent move, however, is not a elemental replacement of the 163,800 dwt Sounion (2006), which had been sold for scrap aft a Houthi onslaught past year. For galore successful the market, it is simply a motion of assurance successful the bully way of the crude carriers market. Delta Tankers, specializer successful crude bearer ships, with 22 suezmax, 5 VLCC and 1 aframax, had not bought immoderate vessel successful the secondary marketplace for implicit 3 years.

How Peter Livanos prepares GasLog for the adjacent day

The merchantability of the Methane Jane Elizabeth for $25 million, from the US listed GasLog Partners of Peter Livanos, somewhat supra scrap value, is not conscionable a emblematic clearing of aged tonnage LNG carrier. It is simply a wide awesome that the institution is accelerating its strategy to region aging vessels, trim idle days (the days a vessel is not chartered) and hole for an LNG marketplace that remains anemic but with prospects of recovery. The quarterly nonaccomplishment and the impairments of $22.3 cardinal amusement the “pain” connected the equilibrium sheet, but are strategically calculated moves for the portfolio to beryllium cleaned up. The reductions of disposable days owed to redelivery and sale-and-leaseback agreements item the existent challenges successful the market, portion the little fixtures for 2025 underscore the unit connected freight. However, GasLog appears acceptable to exploit the adjacent signifier of the LNG market, with imaginable partnerships, fleet redeployments and upgrades successful 2026. To Wall Street insiders, this determination is considered a wide sign. The institution is clearing aged assets to stake connected the adjacent opportunity, leaving down aged LNG carriers and strengthening its presumption successful an situation wherever disposable transport capableness and flexibility successful the spot marketplace volition find profitability.

Ordering newbuildings and buying second-hand the Greeks

Greek interests remained powerfully contiguous some successful the newbuilding marketplace and the S&P marketplace this week. Thanasis Martinos’ EastMed continued its enlargement course, ordering 2 MR2 tankers astatine Hyundai Mipo Dockyard, confirming the continuous assurance of Greek shipowners successful the cleanable products sector. In adust bulk, the largest bid was placed by Efnav Company of the Efstathiou brothers and concerns the operation of six Kamsarmax bulk carriers, 82,000 dwt. These volition beryllium built successful China by Hengli Shipbuilding, astatine $35 cardinal per vessel. Also Seanergy Maritime of Stamatis Tsantanis and Capital Ship Management proceeded with caller orders for Capesize bulkers astatine Chinese yards, confirming their committedness to a modern fleet, portion the bid for 2 VLCC from Alimia Group astatine a Chinese gait further strengthened Greek beingness successful the crude tanker sector. In the secondary market, Minoa Marine sold the Anthos (82,000 dwt, 2017) for astir $33 million, portion George Delaporta’s Meadway Shipping disposed of the Dionisis (82,000 dwt, 2015) for $30.5 million, some cases to undisclosed buyers. Meanwhile, the Seacon Manila (33,000 dwt, 2016) was valued astatine $17.1 cardinal for transportation to Greek interests successful 2025.

Cenergy deed €3 billion

In the lack of different important geopolitical quality and firm announcements, with the Athens Stock Exchange being +35.78% higher since the opening of the year, the mean regular traded value, past week (which was a down week), reached €254.5 cardinal – up +13.1% compared to the instantly erstwhile week. In the ten-month play Jan–Oct the mean regular traded worth was €214.2 million, i.e. +54.5% compared to the aforesaid play of 2024. The shares of the Viohalco radical climbed to caller peaks, having decoupled from the antagonistic sentiment that prevails successful the Greek banal marketplace successful caller days. Cenergy Holdings marked a caller all-time high, reaching €14.4 and counts a affirmative 6×7 which has boosted it wide by astir 10%. Its marketplace headdress present exceeds €3 billion, is successful 13th spot based connected ATHEX capitalisations, has surpassed Titan and Motor Oil successful value, and is approaching Athens International Airport. All clip precocious besides for Viohalco, which has had a four-day rally with full gains implicit 4%. It is 1 enactment abbreviated of €8.5 and its marketplace worth touches €2.2 billion. The different radical stock, ElvalHalcor, erased the losses it had recorded successful past Thursday’s league and matched the YTD grounds of €3.2, portion hitting €3.245 astatine intraday highs. These are levels it has not seen for 18 years and specifically since precocious December 2007 – aboriginal January 2008. Recently it entered the billionaires club, with its valuation present amounting to €1.2 billion.

Piraeus MFMC astatine 3.34% of ATHEX

It is heard successful the marketplace that ATHEX shareholders are taking conflict positions, with immoderate entrenched truthful that the Euronext connection does not walk (hoping to pb the stubborn Stéphan Boujnah to an improved offer) and others supporting it. What of this corresponds to world and who volition prevail, clip volition show. Soon we’ll find retired anyway. However, connected Friday, Piraeus MFMC announced connected ATHEX that successful the past 2 months it has proceeded with the acquisition of 355,000 shares of ATHEX, for €2.33 million, expanding from 2.75% to 3.34% its percent and voting rights. If you wonderment present what stance the file volition take, without having information, it would stake that arsenic 1 of the largest home organization investors, it volition enactment the deal.

New concern strategy with ATHEX shares

On this occasion, let’s accidental that successful the brokerage offices of Athens, a caller “investment philosophy” is gaining ground. The nationalist tender of Euronext, which started connected October 6 and ends connected November 17, 2025, offers an speech of 0.050 Euronext shares for each ATHEX share. However, the caller autumn of the Euronext stock to €124 shapes the connection astatine €6.21, little than the initially improved connection of €7.14 successful July. This descent successful terms created a caller fashionable concern strategy: brokers counsel their clients (not lone retail clients) to currency successful instantly their ATHEX shares astatine existent marketplace prices, avoiding the hazard of further autumn of Euronext until completion. If Euronext continues its downward people from the highs of €153.50 successful the past 52 weeks, for the retail investor, the certainty of today’s €6.24/share outweighs the uncertainty of the exchange. On the different hand, the funds cooperating with Euronext are buying carefully, softly and systematically the shares that the impatient are liquidating. Every stock sold successful the marketplace is 1 little that volition person to beryllium exchanged later. Until November 17 this crippled of fearfulness and accidental volition proceed connected the physics boards of the Athens Stock Exchange. Retail plays for safety. Euronext plays for control.

Artificial quality is “hitting” Wall Street bankers too

CNBC revealed that JP Morgan Chase, the world’s largest slope by marketplace cap, is readying a melodramatic restructuring of its staff, aiming to trim the ratio of inferior bankers to elder bankers from 6:1 contiguous to 4:1. The existent disruption is hidden successful 1 detail. Half of the inferior bankers volition enactment “remotely”, since they volition unrecorded successful cities with overmuch little outgo of surviving specified arsenic Buenos Aires for example, alternatively of being crammed successful the highly costly apartments of unfriendly New York. Thus a caller world is being created. The well-dressed young bankers with costly tastes who person moved to London and New York for a amended beingness arsenic cinema shows it, present look a imaginable simplification of up to 2/3 of their jobs. Derek Waldron, Chief Analytics Officer of JP Morgan, showed however the bank’s artificial quality systems make a five-page concern presumption connected Nvidia successful astir 30 seconds. It is simply a task that successful the past needed a full squad of inferior bankers and galore hours of work. If JP Morgan’s program is implemented, young concern bankers volition enactment successful shifts, successful antithetic clip zones, passing the baton from 1 determination to another, providing 24/7 enactment to the elder bankers. Lower costs, higher nett margins. On the different hand, if young concern bankers bash not enactment agelong hours for research, studies and models, however volition they make to 1 time go the omniscient bankers of tomorrow? Waldron answers that employees volition displacement from “makers” to “checkers”, managers of artificial quality systems.