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Accuracy

The accuracy debate and the robust wager – 2024-05-28 09:35:05

by Chief editor of world-today-news.com May 28, 2024

written by Chief editor of world-today-news.com

The casual debate of the political leaders within the Parliament earlier than the European elections confirmed the completely different views and methods to cope with the issue. “It is the elephant within the room,” because the Prime Minister characterised the accuracy by admitting that it constitutes “troublesome wager that wants each time and systematic effort”.

He requested Brussels “oppose an up to date strict guidelines coverage” concerning the unfair practices of the commerce giants and referring to the current letter to Von der Leyen, he stated that “the inflation of greed have to be tackled radically”. He criticized the opposition who questioned this initiative saying: “Weren’t you traditionally in opposition to monopolies? Now you’re criticizing us as an alternative of agreeing with this proposal?”.

Kyriakos Mitsotakis turned in opposition to SYRIZA, elevating the bar of confrontation forward of the European elections. He rejected the arguments about “Swedish costs and Bulgarian salaries” in our nation, recalling that “between 2015 and 2019 when Europe was raining cash, some individuals held an umbrella and with the pointless third Memorandum they introduced us to the bottom development price”, whereas he reserved a peak for Stefanos Kasselakis: “He desires to resurrect the political alliance with Konstantopoulou and Varoufakis. Let’s remind him who had been accountable for the monetary catastrophe…”she stated, with Zoe Konstantopoulou reacting from her seat and the Prime Minister telling her: “You’ll pressure me to reply you with a coronary heart…”.

Particularly, he took situation with SYRIZA’s proposal for diminished or zero VAT, arguing that this measure had been tried (Spain) and “did not work”. In response to the Prime Minister, this measure prices 4 billion solely within the first yr and a pair of.4 billion for every subsequent yr, whereas all collectively 45.8 billion within the 4 years. “That is how a lot you set in. You could have discovered nothing out of your errors,” he informed SYRIZA, noting that “what you recommend entails chapter and this time no return”. “We will not bait hares with petrels. You’re making enjoyable of the residents”, he added and described it as “my first obligation” to place “the period of chapter behind us as soon as and for all”. He fired instantly at Kasselakis: “I hear he speaks of recent air, however I concern he brings stale air”. And he urged him to be extra cautious within the spots he shoots for costs on feta or oil.

Posing the dilemma of the European elections, he stated that “the load of the vote might be nice” and that the residents know “how vital stability is to ensure that the nation to stay on the trail of growth, away from experimentation and alleged messages of protest which will open again doorways to new adventures”. In his second opinion, he escalated the criticism of SYRIZA (but additionally of PASOK) not just for the economic system. He centered on the upcoming go to of Kasselakis to the West Financial institution. “Will you additionally meet with the management of Israel or do you simply wish to go to take a selfie?” he commented mockingly, upsetting protests from the SYRIZA benches. “The Greek authorities helps the two-state resolution and believes that any resolution on the standing of Palestine can solely be made throughout the framework of a clearly outlined highway map. And we take into account that we aren’t but at this level (…) I can’t in any manner establish Hamas with the rights of the Palestinian individuals, so I can’t equalize all conditions” he added.

Well-known. “Please be counted”the president of the KO of SYRIZA Sokratis Famellos responded concerning the costing of the proposals for accuracy saying that the GLK stories “deny your personal ministers” (“their evaluation of our measures was improper”, he famous).

Androulakis. “Inflation destroys any authorities excuse”stated the president of KINAL, Nikos Androulakis, emphasizing that the argument about “imported accuracy is disproved”, whereas referring to the problem of wiretapping, he stated that “you’ll all be accountable” if the EYP doesn’t implement the choice of the CoE for its monitoring.

Koutsoubas. For his half, the g.c. of the KKE Dimitris Koutsoubas underlined that “we aren’t fooling the individuals that there’s a magic resolution” to be precise. “This stuff do not occur even within the second coming”he acknowledged.

#accuracy #debate #robust #wager

May 28, 2024 0 comments

World

The European Fee welcomes Mitsotakis’ letter for its accuracy – 2024-05-25 21:55:06

by Chief editor of world-today-news.com May 25, 2024

written by Chief editor of world-today-news.com

H European Fee greets her letter despatched by the Greek Prime Minister to the President of the Fee, Ursula von der Leyen to deal with the phenomenon of variations within the promoting costs of primary shopper merchandise and emphasizes that it’ll reply in due time.

In response to a consultant of the Fee, the Greek Prime Minister’s letter contributes to the general reflection on the way forward for the one market, stressing that the Fee stays dedicated to eradicating unjustified regulatory and non-regulatory limitations to make sure the most effective functioning of the one market.

The total response of the consultant of the Fee is as follows:

“We obtained the letter from the Prime Minister of the Hellenic Republic, Kyriakos Mitsotakis, addressed to the President of the Fee, Ursula von der Leyen.

In accordance with our regular apply, we’ll reply to the letter in a well timed method.

We additionally welcome the letter, which will likely be supported by Mario Draghi’s report on the way forward for European competitiveness and Enrico Letta’s report on the way forward for the one market.

The Fee stays consistently dedicated to eradicating unjustified regulatory and non-regulatory limitations to make sure the most effective functioning of the one market.

Territorial provide constraints (TSCs) quantity to non-regulatory limitations to the higher functioning of the one market.

The European Fee carried out a research in 2020 which confirmed the existence of those non-regulatory restrictions imposed by suppliers on retailers, stopping them from sourcing within the nation of their selection.

In response to competitors legislation, such agreements are unlawful and such unilateral practices are prohibited if the producer has a dominant place within the import market.

The European Fee is inspecting quite a lot of such instances. The Fee is not going to hesitate to guard customers by investigating these instances as a matter of precedence. Whereas competitors enforcement as such can not deal with the issue at its root, it will probably play an necessary function.

A number of Member States have requested the Fee to look into this subject and determine a single market resolution past competitors guidelines.

The price of residing disaster makes the value subject much more delicate for customers.

Within the “transition path in the direction of the retail ecosystem” revealed in March 2024, the Fee proposed to start out a dialogue between the stakeholders, i.e. worldwide suppliers of branded merchandise, retailers and customers, to attempt to discover options.

In the identical manner, there needs to be additional dialogue with the Member States.”

#European #Fee #welcomes #Mitsotakis #letter #accuracy

May 25, 2024 0 comments

World

ADEDY 24-hour nationwide strike: The strike rally is in progress – 2024-05-23 18:10:04

by Chief editor of world-today-news.com May 23, 2024

written by Chief editor of world-today-news.com

The ADEDY strike rally is presently underway exterior the Ministry of Finance, within the middle of Athens, as a part of the 24-hour strike that was declared nationwide.

In keeping with ADEDY’s name, the 24-hour nationwide strike is going down “towards the exactitude and financial impoverishment of employees, by the federal government’s coverage”.

As said within the related announcement, the workers are claiming actual rights wage will increasegrowing the tax-free to 12,000 euros and Collective Labor Agreements.

“The federal government of the New Democracy, whereas the accuracy is galloping, is fooling the workers within the public sector with the will increase – a mockery that it gave from 1-1-24, that’s 38-42 euros internet per 30 days. The Minister of Finance, Mr. Hatzidakis, declares with an excessive amount of audacity that the typical internet improve for public workers in 2024 is 1,425 euros, when all public workers obtained their pay slips and noticed with their very own eyes the mockery”, emphasizes the ADEDY.

#ADEDY #24hour #nationwide #strike #strike #rally #progress

May 23, 2024 0 comments

Business

Greece vs EU: How a lot does the “Family Basket” value (Tables) – 2024-05-20 20:50:51

by Chief editor of world-today-news.com May 20, 2024

written by Chief editor of world-today-news.com

The costs of the standard family basket proceed to be decrease in Greek supermarkets in comparison with the corresponding shops in France, England, Italy, Spain, Portugal, Germany and Romania in keeping with analysis by the Client Items Retail Analysis Institute (IELKA).

This conclusion emerged from the Institute’s repeated report, following organized value comparability analysis based mostly on knowledge from value comparability platforms in every nation, but in addition on pricing from grocery store chains, within the typical basket of merchandise of the family of the organized meals retail commerce (grocery store ) in Greece in March 2024 and respectively in France, the UK, Spain, Italy, Portugal, Germany and Romania.

The value comparability is completed with and with out its worth VATwhich differs from nation to nation.

For this evaluation, costs had been in contrast in a complete of 43 product classes:

20 product sub-categories that make up a typical purchasing basket, because it has been formed on this repeat survey from 2012 to the current.
18 product subcategories included within the family basket from 11/2022
5 subcategories of merchandise included within the family basket from 3/2023

These product sub-categories are examined from a major pattern of over 6,000 product costs and 40 completely different grocery store chains within the eight nations in complete to calculate the common costs, with sampling from legitimate value comparability websites in Greece and overseas, but in addition from grocery store chains. The info contains each costs of merchandise on sale and personal label merchandise in every nation. It’s clarified that the costs refer solely to grocery store chains and to not different factors of sale.

The comparability of common basket costs (desk 1) exhibits that every one 5 nations have a considerably dearer common basket than Greece, 24% Germany, 20% France, 25% United Kingdom, 16% Italy, 7% the Portugal, whereas Spain and Romania are fairly near Greece however dearer by 5% and 1% respectively.

The image of the outcomes modifications considerably after we take away the related VAT per nation to grasp the actual costs of grocery store merchandise. Evaluating the hampers on this case (determine 1 and desk 1) exhibits that every one six nations have a dearer common basket than Greece, Germany by 31%, France by 28%, the UK by 33%, Italy by 24%, Spain by 12%, Portugal by 10% and Romania by 6%. This can be a results of the distinction within the low VAT per nation (that is the VAT referred to meals and drinks). In Greece this VAT is 13%.

VAT is considerably greater than the UK (0% or 5%) and France (10% and 5.5%), Spain (10% and 4%), Portugal (13% and 6%), Italy (5% and 4%), Germany (7%) and Romania (9%), but in addition most EU nations. The principle distinction is that meals in Greece is topic to the excessive VAT fee with 24% in the remainder nations are topic to the low VAT fee, which is even decrease than the Greek fee of 6%, 5.5%, 4% and even 0%. It’s famous that the impact of particular consumption taxes (e.g. espresso) can’t be included within the above figures.

The final conclusion that emerges from the above evaluation is that the organized Greek meals retail commerce (grocery store) supplies Greek customers with entry to merchandise for his or her typical basket at decrease costs on common which is the results of the organized effort of suppliers and retailers to cost restraint lately.

This pattern, with minor fluctuations, has been constant over the past 12 years that this analysis has been carried out by IELKA. The long-term value comparability with overseas exhibits that lately Greece has constantly had a less expensive basket than the in contrast nations with fluctuations that don’t change the final conclusion of the evaluation.

It’s famous that along with VAT, elements that must be taken under consideration when evaluating costs between completely different nations are:

The quantity of taxation in every nation
The consumption habits in every nation (e.g. the pattern for packaged or non-packaged merchandise, non-public label merchandise, and so forth.)
Pure disasters because of local weather change
The gap of the nation from the manufacturing facilities of central Europe and the corresponding prices
The price of power
The price of gas and basic transport
The complexity of the geography of every nation (e.g. street community, islands and so forth.)
Market dimension, buying energy and corresponding economies of scale in product procurement
The export-import steadiness in relation to meals and uncooked supplies for its manufacture
The varied manufacturing prices (power, uncooked supplies, wage prices, monetary prices, forms)
The productiveness of business and retail commerce in every nation
The seasonality of demand and provide (e.g. because of tourism or climate situations)
The salary-labor value

The value knowledge are calculated from well-known value observatories of the nations examined and for Greece within the major knowledge from value collections in massive grocery store chains. The choice standards of the merchandise within the basket had been a mix of corresponding used baskets for analysis overseas, in addition to frequent availability of value knowledge within the nations examined. In every new measurement, the pattern of the codes being measured is up to date and relying on the supply, completely different portions of merchandise are chosen.

The info comes from the next grocery store chains, whereas the common costs per subcategory and per nation are offered in tables 2 and three:

Greece: Sklavenitis, AB, My Market, Masoutis, Market In
United Kingdom: Morrisons, ASDA, Sainsbury’s, Coop, Ocado, TESCO
Merchandise: Carrefour, Marcadona, Caprabo, Condis, Dia, Eroski, SoySuper. Alcampo
Merchandise: CosiCommodo, emiDrive, Pim Specification, Agora, Everli, HeyConad, easyCoop
Portugal: Continente, Minipreco, Auchan, Spar
France: Monoprix Plus, Carrefour, Tremendous U, Auchan, Aldi
Germany: Rewe, Kaufland, Netto, Tukwila
Romania: Kaufland, Tommy, Spar, Konzum

Supply: OT.gr

#Greece #Family #Basket #value #Tables

May 20, 2024 0 comments

Business

Accuracy: Why is every part costlier in Greece? Myths and truths – 2024-05-18 08:22:40

by Chief editor of world-today-news.com May 18, 2024

written by Chief editor of world-today-news.com

With the European elections simply across the nook and whereas the Skrekas measures don’t appear to vary the every day lives of residents for the higher, Kyriakos Mitsotakis opens a brand new struggle with the multinationals in an try and restrict the federal government corruption from the established precision, which can also be essentially the most primary drawback of society, in line with all opinion polls.

Now the options for the phenomena of extreme pricing of the merchandise of the multinationals in Greece have to be discovered by the Fee, with the Prime Minister asking in as we speak’s letter to Ursula von der Leyen for European interventions, “in order that we will have worth harmonization vis-à-vis the multinationals, who could also be benefiting from their presence in some nations, as a result of we now have to place Europe in entrance of this combat”, as he stated in his speech in Katerini, yesterday afternoon, as a part of his tour for the European elections.

Though the cooler ones imagine that the brand new “rockets” towards the multinationals will largely be “disarmed” when the polls shut, the principle query in regards to the techniques of the giants to cost their merchandise at greater costs in Greece than in different European nations nations stays and is timeless. Already in 2008, within the earlier massive inflationary disaster, it turned broadly recognized with the time period switch pricing. On the time, it involved intra-group transactions between associated corporations that took benefit of the low taxation of neighboring nations.

The whys and wherefores of accuracy

Even in gadgets of rapid family consumption (cleansing brokers, detergents, stationery, and many others.), in addition to in gadgets of private care, i.e. the classes dominated by multinationals and focused by the Skrekas measures to fight punctuality, the value reductions that recorded by ELSTAT in April are imperceptible, at only one share level, when the federal government goal was set at -15%.

So what are the explanation why the merchandise of the multinationals are costlier on the home cabinets at a time when the GDP per capita in buying energy models in Greece surpasses solely Bulgaria in efficiency?

The small measurement of the Greek market which limits worth competitors, the shortage of manufacturing models inside borders, the low penetration of low cost chains in distinction to most European nations and the low shares of personal label merchandise in sure classes of primary gadgets (e.g. .detergents, coffees, and many others.) regardless of accuracy are a number of the elements that create house for multinationals to impose their very own guidelines, say monetary analysts.

Alternatively, the strategies utilized by the multinationals to “inflate” the costs of the merchandise within the Greek market by controlling 60% of the mass consumption merchandise (meals, detergents, home items, and many others.), are neither hidden nor new.

The overpricing and underpricing of products and providers in such a method as to reduce the general tax burden of the guardian group, the prevention of parallel imports, the imposition of excessive royalties on corporations inside the identical group, modifications in packaging, excessive rates of interest on loans from the guardian to subsidiaries and the acquisition of uncooked supplies at excessive costs from buying and selling corporations of the group primarily based in different nations are essentially the most well-known techniques adopted to boost the price of the merchandise offered in nations by which the multinationals do not need a productive however solely a business presence.

For his or her half, the multinationals declare that the upper gross sales costs in Greece are attributable to quite a few causes that don’t exist in international markets, reminiscent of elevated tax charges (primarily VAT), transportation prices (they should distribute to hundreds of factors) , the costly power, in addition to the agreements with the supermarkets, which give for a number of tariffs (affords, reductions, promotions), but in addition the cost days of the suppliers from the retail commerce, which many occasions exceed 100 days.

Hearth from the multinationals

In any case, the Mitsotakis “assault” despatched an alarm to the staffs of the multinationals, which since yesterday have been on their ft in an try and decode the prime minister’s causes and focusing on.

Executives of multinationals who spoke to “OT” say they’re dissatisfied by the federal government’s transfer and discuss their corporations being focused.

They even characterize the intention to undertake a regulatory framework, which might impose on multinationals the identical pricing all through the EU as a very unacceptable interference in a free market and sends the mistaken message relating to the nation’s will to draw international funding.

They level out that the issue within the nation just isn’t the shortcoming to cut back costs, -a logic they contemplate short-sighted-, however the issue to provide new wealth via excessive development charges.

“The issue within the nation just isn’t accuracy, however low wages,” they level out and cite information from latest surveys that present a gradual de-escalation of costs.

To “break” the monopolies

They argue that the answer to the sanitization of the Greek market and the restoration of its easy operation is, amongst different issues, the combat towards unethical enterprise practices and the “breaking” of the monopolies that also exist out there.

They are going to search a gathering with Mitsotakis

Effectively-informed sources say that quite a few massive multinational shopper merchandise will search a gathering with the Prime Minister, via the BSE, as a way to current their views and positions.

And above all, as they are saying, to persuade Mr. Mitsotakis that this intervention is mistaken, even involving European establishments within the nation’s inside points, and they’re going to current proof that the measurements being made are primarily based on incorrect information.

Supply OT

#Accuracy #costly #Greece #Myths #truths

May 18, 2024 0 comments

Business

Why is there a brand new enhance within the value of espresso – The choice proposal – 2024-05-16 17:17:51

by Chief editor of world-today-news.com May 16, 2024

written by Chief editor of world-today-news.com

After olive oil, cocoa and orange juice, the local weather disaster in addition to the speculative video games of assorted funds put “hearth” (additionally) on espresso costs.

The costs of the range Robusta as a result of drought in Vietnam, which produces greater than 1/3 of the world’s portions, they reached their highest ranges within the final 45 years (though in current days they’ve began to right considerably) undermining new appreciations for the favourite drink, because the rally has it additionally drags down inventory costs to the dearer selection Arabica.

In New York, Arabica costs have risen to $2.50 a pound, the very best in a decade.

The favored Robusta selection is used for each varied espresso blends and prompt espresso, with representatives of espresso firms in Greece telling Vima that they hope will increase within the wholesale value of espresso will clean out as a result of they won’t be able to soak up the additional prices.

“The value of the uncooked materials has not stopped rising within the final 4-5 years” factors out in “Vima” Mr. Vasilis Arnakismanaging director of the ABEK Vekrakos firm and accountable for the Qualita Unica challenge.

He emphasizes, nevertheless, that the worth of espresso isn’t what drives up the price of a enterprise within the coffeehouse business. “Power, wage will increase and particularly the minimal wage which has considerably burdened bills, rents, arrears are a few of the elements that elevate working prices” states.

Nevertheless, if the rally continues at the side of geopolitical developments, such because the Houthi assaults within the Purple Sea, which end in a tripling of fares as ships are obliged to circumnavigate Africa, costs on the shelf and in shops catering could rise, with espresso even reaching 2.20-2.40 euros in June from 2 as we speak, whereas capsules bought in supermarkets could even exceed 5 euros. Will increase of 5%-10% are additionally anticipated in prompt espresso.

It ought to be famous that the worth of the Robusta selection has now reached $2 per pound in keeping with knowledge from the Worldwide Espresso Group (ICO), with wholesale costs having elevated by 17% in April, reaching the very best ranges since 1979.

The hidden will increase

However even when the worst eventualities concerning the local weather disaster will not be confirmed, the worth of a freddo or a latte in our nation and basically on the earth could enhance within the medium time period as a result of Zixi, a 20-year-old pupil from Beijing, drinks espresso every single day!

Analysts anticipate China’s rising thirst for espresso to be a key driver of future demand because the huge market’s younger shoppers specifically more and more undertake Western existence, and occasional is clearly one of many drinks that characterize it.

Notably, the variety of branded coffees in China has elevated by 58% prior to now 12 months to 49,691 shops, whereas the US Division of Agriculture sees China importing 5 million baggage of espresso (a unit of espresso measuring between 60 and 69 kilograms, relying on the nation of origin) within the season (2023-24), which might make it the seventh largest client on the earth.

Costs – consumption

In Greece, the place round 40 thousand tons of espresso are consumed yearly with upward tendencies, espresso is a each day behavior whether or not at house or exterior. In keeping with knowledge from Focus Bari, virtually 1/3 of Greeks select to drink their espresso exterior the house every single day. Nevertheless, as Mr. Arnakis says, after the shock of the pandemic, the steadiness between in-home and out-of-home consumption has began to alter, with out-of-home consumption rising.

As for the worth we pay for our each day indulgence? In all probability dearer than others as a cappuccino in Greece prices 3.30 euros on common, the identical as in Belgium, whereas in Italy somebody pays 1.59, within the Czech Republic 2.52 euros, in Turkey 2.27, in France 3.04, in Portugal 1.77, within the Netherlands 3.25 and in Spain 1.85 euros, in keeping with knowledge from Numbeo.

In our nation, the worth of the espresso market (retail costs within the espresso business) is calculated in keeping with market estimates at 4-4.5 billion euros, whereas round 400 million euros is the turnover of gross sales in supermarkets.

Artificial espresso from chickpeas, peas and dates

Those that have tried it say it tastes like espresso – possibly much less bitter. Besides it isn’t what it appears (irrespective of how a lot milk, foam or sugar one provides). In truth, it’s “artificial” espresso, a product that’s already on retailer cabinets, no less than within the US.

This specific one is produced from recycled date waste (the pits are used) mixed with varied superfoods. The corporate that produces it, based mostly in Seattle, with aggressive and well-thought-out advertising and marketing, boasts that it produces “probably the most sustainable espresso on the planet.” As a result of it recycles waste but in addition protects the setting from espresso plantations.

Already this specific “espresso” may be tried in 10 shops within the USA. Besides it is a drink. It’s a extra refined type of the substitute that has been marketed for years by many firms (primarily in well being meals shops) for individuals who are not looking for or shouldn’t eat caffeine and is produced from floor seeds comparable to chickpeas, peas, date pits , ramon seeds (Mayan drink), guava, and so forth.

Corporations are attempting to develop this logic in an try to discover a technique to provide an alternate proposal to the two billion cups of espresso consumed every single day by the planet, the worth of which has gone uphill.

“They neglect that the primary high quality of espresso, other than its aroma, is caffeine” readers remark underneath associated publications. In all probability, nevertheless, some firms don’t forget this and attempt to add caffeine to their “artificial” product, which they get from inexperienced tea.

#enhance #value #espresso #various #proposal

May 16, 2024 0 comments

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