NEW DEMOCRACY: At the eleventh hour, a new… rebellion within the party’s parliamentary group was averted, sparked by the impending inclusion of elected local officials (mayors and deputy regional governors) on the electoral lists.
As this column has learned, this prospect sparked a backlash from many MPs—mainly from rural constituencies (Aetolia-Acarnania, Achaea, Pieria, etc.)—who saw them as new… competitors in their re-election campaigns.
Citing the historical precedent of the 2023 elections, when local government officials were not allowed to run for parliament, approximately 40 members of parliament gathered signatures and brought the issue all the way to Kyriakos Mitsotakis.
On the table was the submission of an amendment or technical revision (drafted by a constitutional law expert) to the Ministry of the Interior’s bill, which was introduced in the Plenary Session of Parliament yesterday. According to this amendment, any regional vice governors and mayors wishing to run in the national elections would be required to immediately resign from their current positions—no later than the publication of the specific law in the Government Gazette (i.e., within a few days).
Ultimately, following a last-minute intervention by the Prime Minister’s Office and in order to avoid creating an internal party issue, it was decided to allow the local officials in question to resign within one month, specifically by the end of July.
The internal party crisis appears to have been averted…
SAMARAS: Ministers and MPs from New Democracy will attempt to… storm the former prime minister’s “stronghold” over the next three days.
As part of the tours taking place across the country, aimed at maintaining constant contact between party officials and the public and improving communication of the government’s work in each region, Infrastructure Minister Christos Dimas will be in Messinia today, and on Sunday, Labor Minister Niki Kerameos and party secretary Konstantinos Kyranakis will be there.
In an interview (with OREN), Kyranakis was asked about the possibility of the Messinian politician forming a new party: “I believe it would deeply sadden all of us, as well as the rank-and-file New Democrat who remained with New Democracy when Antonis Samaras was prime minister and supported him through very difficult times,” he replied.
This reflects the widespread concern within the ruling party over the issue.
KARAMANLIS: As for the other former prime minister, Kostas Karamanlis, the Maximos Mansion and Piraeus Street are insisting on “friendly overtures,” hoping for a… miracle.
“He is one of the most iconic figures of this party, a former president and prime minister whom we all respect and want to see at the forefront,” emphasized the government spokesperson, while the New Democracy secretary echoed this sentiment:
“Kostas Karamanlis is in New Democracy. He is a prime minister who has brought honor to the party and served the country with the national interest in mind; we love him, we respect him, and we support him. He is one of the people who have shaped the party’s DNA, and I believe he will help during the election campaign,” he noted.
BANKS: As soon as the extension of the program to convert loans denominated in Swiss francs to euros—with a simultaneous “haircut” on the debt—was announced, the pace of applications to banks, which had intensified in recent weeks, slowed.
Bank executives estimate that some borrowers who are “toying with” the idea of taking advantage of the scheme are waiting for more favorable exchange rate conditions to “lock in” the conversion. Consequently, they expect the “lull” in applications to continue and for the trend to reverse after the end of August.
According to reports, Eurobank has recorded the highest conversion rates so far (approx. 50%), with Piraeus and Alpha trailing behind.
It should be noted, however, that Alpha and Piraeus have very limited exposure to loans with Swiss franc clauses compared to Eurobank.
VALENTIS: The Greek-owned tanker Pyxis Karteria finally managed to safely exit the Strait of Hormuz after spending several months in the Persian Gulf, as announced by Nasdaq-listed Pyxis Tankers.
The 46,700 dwt oil product carrier, built in 2013, crossed the critical waterway on Tuesday and subsequently arrived at the port of Fujairah in the United Arab Emirates.
According to the company, the tanker is continuing its voyage in accordance with the charterer’s instructions, while AIS data show it heading toward Singapore.
Pyxis clarified that the vessel remained operational throughout the unrest in the region, fulfilling its obligations under a 12-month fixed-rate time charter, which expires in August.
The company’s CEO, Valentios Valentes, emphasized that the safety of the crew and the vessel was the company’s top priority, while noting that continuing the charter ensured stable cash flows amid geopolitical turmoil.
This development comes during a period of strong financial performance for the company, as first-quarter net income reached $2.5 million, compared to $500,000 a year earlier, while revenue rose to $10 million from $9.6 million.
PISTOLIS: Greek-owned Top Ships announced that the 300,000 dwt very large crude carrier (VLCC) Legio X Equestris safely exited the Persian Gulf, where it had been stranded since late February.
The newly built VLCC, constructed in 2022, had loaded crude oil in the United Arab Emirates in early March and is now heading to India.
Meanwhile, Top Ships, owned by Evangelos Pistoli, noted that the values of comparable VLCCs have risen by approximately 13% since March, a development that boosts the value of its fleet.
However, geopolitical uncertainty in the Middle East continues to influence the company’s business decisions, as the deadline for completing an investment of over $200 million in real estate in Dubai has already been postponed to late July.
INTRUM: Intrum Hellas has decided to distribute an interim dividend of 10.4 million euros from its five-month profits for January–May 2026.
The credit collection agency reported revenue of 59.5 million euros, pre-tax profits of 22.6 million euros, and net profits of 17.6 million euros for the five-month period. As of May 31, the company held €41 million in deposits, of which €18 million were in the form of one-month time deposits.
According to rough estimates, Intrum has distributed more than 352 million euros to its shareholders through capital returns and dividends/interim dividends from 2023 to the present. The Swedish parent company, which has been plagued by debt problems, has come out ahead.
OTE: The organization will receive a dividend of 22.9 million euros from its subsidiary Germanos. The company closed the 2025 fiscal year with net profits of 34.39 million euros, of which 22.9 million euros were dividend income received in 2025 from Cosmote-E Value.
The above amount is attributable to OTE. Germanos had a turnover of 386.8 million euros last year.
PPC: The technology company Cloudevo came under the control of the Public Power Corporation (PPC) through the acquisition of 80% of its share capital by a fund managed by CVC Capital Partners.
As a result of the ownership restructuring, there were changes to Cloudevo’s board of directors, with DEH appointing four of the five members.
The founder and minority shareholder, Nikolaos Iliopoulos, remains chairman and CEO, while Georgios Stassis has assumed the position of vice chairman.
MOTOR OIL: Excluding the right to a dividend of 1,427 euros, the stock is trading today.
Shareholders are set to receive a net amount of 1.356 euros per share (yield of 3.7%).
It should be noted that the company has already distributed an interim dividend of 0.35 euros earlier this year, bringing the total distribution to shareholders to 1.777 euros per share, with the corresponding dividend yield exceeding 4.5%.
VIOHALCO: The listed company suffered heavy losses yesterday, closing at the day’s low of 19.6 euros, with the decline reaching 7.33%. In effect, following its record high of 21.85 euros, the stock experienced three consecutive days of declines, with cumulative losses exceeding 10%.
Elvalhalcor also suffered heavy losses, falling to 5.29 euros, or 5.54%. The listed company had also hit an all-time high three days earlier, but has since lost 7.5%.
It should be noted that the company has “set in motion” a capital increase of up to 300 million euros.
IATRIKO ATHINON: Yesterday’s trading session was a rollercoaster ride for the stock. It started off sluggishly at 1.78 euros, but before half an hour had passed, it had surged to 2.19 euros—a 24.79% increase.
Euro2day.gr followed the developments, reporting on market rumors and statements from management sources, with the latter later issuing an official announcement.
The stock closed at 1.96 euros (+11.68%), with a trading value of 413,000 euros.
The General Meeting is scheduled for today.