Home » today » Business » The consumption of milk and the European elections, Maximou and the location of Ethniki, Mylonas sees (?) takeovers, the “fish” of Salla and the mine in Chios – Financial Put up – 2024-06-18 08:16:20

The consumption of milk and the European elections, Maximou and the location of Ethniki, Mylonas sees (?) takeovers, the “fish” of Salla and the mine in Chios – Financial Put up – 2024-06-18 08:16:20

Accuracy eats away and ..authorities

The substitution of politics by communication doesn’t have an extended … lifespan! This, if nothing else, was confirmed final Sunday, June 9. Regardless of what number of visits the Prime Minister Mr. Kyriakos Mitsotakis made to supermarkets to … admire his coverage, and regardless of what number of tv appearances the sad – finally – former Minister of Growth Mr. Kostas Skrekas recorded in his efforts, in the long run the residents with infallible criterion their monetary sources, they have been rewarded!

Consumption decreased

Why did they keep in mind all this? As a result of market sources – authoritative little question – revealed to me what occurred final month, Might, within the milk market. Within the midst of the pre-election interval, let’s clarify ourselves! The consumption of milk – pasteurized, extremely pasteurized and evaporated – has seen a formidable decline! And this although their costs have decreased! Sure, though they decreased, consumption additionally decreased…

Costs have additionally dropped…

It’s recognized that fluctuations within the consumption of milk – as a primary product of speedy want – present the financial scenario that prevails within the monetary budgets of households. And on this case, the foremost firms within the sector – Delta, Olympus, Mevgal, amongst them – did something however “gamble” on the rise in costs! In different phrases, they misplaced each from the discount in costs and from gross sales volumes!

…but additionally the thin customers

So, I am advised that the general marketplace for milk – all three sorts I discussed above – is down 1.9% and on the identical time market gross sales are additionally down 6.9%! This virtually implies that the costs in grocery store fridges “misplaced” 5%. Spectacular; Clearly. Pasteurized milk misplaced 0.5% of consumption and seven% of its turnover – its value discount amounted to six.5% on common. Extremely pasteurized milk misplaced 0.6% of its consumption and 6% of its gross sales. And the vaporizer had the very best losses with 7.3% of its quantity and 9.6% of its turnover. It’s sure that the “indicator” of milk consumption on this scenario couldn’t prescribe a special election outcome….

Nationwide Financial institution

I had knowledgeable you concerning the situations which are taking part in out concerning the location for the 18% of the Nationwide Financial institution owned by the Monetary Stability Fund (HFS).

The inventory package deal could also be accessible in the marketplace earlier than August, and even from September, analysts and numerous market gamers mentioned. After all, there are additionally those that affiliate the location with the timing for the rise of the share capital for the creation of the fifth banking pole “Attica Financial institution – Pankritia” and in addition with the message of the elections.

Be that as it might, the Prime Minister himself, Mr. Kyriakos Mitsotakis, talking to Bloomberg, despatched the location of the nationwide workforce in September. I’m additionally studying that the plans for the repurchase of as much as 8% shares, which the NBG administration would really like, are additionally being shelved.

American elections

Nevertheless, at Megaros Maximos, my sources say, they’re planning to push the “button” earlier than the US elections. As a result of, their result’s able to inflicting sturdy turbulence within the worldwide markets.

Pavlos Mylonas

Till then, the CEO of Nationwide Financial institution, Mr. Pavlos Mylonas, has in entrance of him the implementation of the financial institution’s marketing strategy. The purpose is one: To take care of its profitability for 2024 not less than on the ranges of the 2023 fiscal yr.

Let me remind you that the Greek Nationwide has an extra of funds and it isn’t excluded that after the situations are thought-about “excellent” we can even see an enlargement of its actions. Though Mr. Mylonas has not even spoken of acquisitions, nonetheless, for the reason that alternative holds capital positive aspects for the shareholders, it’s potential to see an identical transfer. And for the reason that Greek market is small… possibly the eyes are additionally turned outwards.

Based on all the things my sources inform me…

Fish farms

Staying on the chopping fringe of the true economic system and taking you to the struggling fish farming trade.

As for Avramar, you’d have learn yesterday in OT that six funding schemes submitted non-binding presents for its buy.

After all, the curiosity could also be targeted there, however there are different problematic firms within the sector. Just like the Greek Fish Farms.

Michalis Sallas

So, I be taught that the Lyktos Group of Michalis Salla has withdrawn its curiosity in its acquisition.

And because it seems from the details about the names that expressed curiosity in Avramar, the state of affairs that needed Lyktos Group to take over the Greek Fish Farms after which declare the rescue of Avramar, in all probability sank…


And from the ocean to take you to an island. However in enterprise exercise associated to mining.

I be taught that in July the general public session is predicted to lastly happen in Chios, which can concern the leasing of exploration and exploitation rights for the antimonite deposits (for the manufacturing of the vital metallic antimony) within the public mining space of ​​Keramos situated on the island.


The purpose is for the executives of the Ministry of Atmosphere and Vitality, the Hellenic Geological and Mineral Analysis Authority (EAGME) and different related providers to explain to the residents of Chios the planning and prospects of the exploitation, earlier than the tender to draw buyers is introduced. The identical had occurred in Molaus earlier than the positioning was leased for Germanium analysis and mining.

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