2023-06-30 11:35:00
Optimistic about their prospects Greek banks appears the JP Morganestimating that their shares will continue their upward trend despite the strong rally they have registered since the beginning of the year, which exceeds 50%, against 8% which is the rise for pan-European banking index.
With the political uncertainty out of the way, the market’s focus will turn to its recovery investment grade from Greece, which will support the compression of the banking industry’s cost of equity capital and lead to increased investment interest and greater capital flows, as he points out.
The US bank sees the sector as having several important supporting catalysts in its investment story, including a strong economic outlook, very low loan-to-deposit ratios, deposit bases and limited competition.
Meeting on the topics that burn small and medium-sized businesses
Quick decisions on issues that burn small and medium traders and artisans, such as high non-salary costs and new debts that cannot be settled with the existing arrangements, GSEVEE, led by its president Giorgos Kavvathas, requested in the meeting with the new leadership of the Ministry of Labour.
Mr. Ad. Georgiadis noted that there is a lot to be done together with the people of the market to make everything work better, to respect the rights of workers and to benefit the operation of businesses.
Countdown to smart bridges
If no extension is granted, July 7 will be the deadline for submitting bids for the project to create “smart” infrastructure in 13 regions. This is a tender with TEE as the contracting authority, with the total value of the project being 180 million euros. It is foreseen that each region will be asked to propose and prioritize according to their degree of danger the bridges of its jurisdiction, which need monitoring regarding their static adequacy.
Jump in demand for building materials
For a number of years, and especially since 2010 and at least until 2021, domestic cement production had not only been sharply reduced, but in addition most of it was exported to third countries, in order to utilize the domestic units that are at a fairly high level of efficiency .
Now, as market executives point out, the demand for cement and aggregates is so high that even imports from neighboring countries are likely to be needed to meet the needs. The increase in construction activity, the acceleration of works in Elliniko and of course the proliferation of infrastructure projects have created a new boom period in building materials as well.
27 companies submitted requests to DESFA
Twenty-seven companies in total, of which 17 are international, expressed interest in using the Greek natural gas system, submitting capacity commitment requests to DESFA’s non-binding Market Test.
The remaining 10 are large Greek companies, while it is worth noting that 40% of the requests were submitted by companies that have not yet been active in the Greek market.
Important, according to DESFA, was the interest not only in the existing but also in the new interconnection points of FSRU Alexandroupolis, IGB, the interconnection pipeline Greece – North Macedonia, as well as the FSRUs under development in Volos, Thessaloniki and Corinth .
DESFA evaluates the non-binding offers to prepare a detailed project proposal plan in order to determine the necessary investments for the expansion of the natural gas system infrastructure. The binding phase of the Market Test will begin within 2024.
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