LOAN SETTLEMENT: The leadership of the Ministry of National Economy and Finance is in consultation with the Bank of Greece.
The subject is the upcoming legislative changes-improvements to the functionality of the Code of Conduct through which borrowers can achieve sustainable settlements, mainly for loans that have been transferred to servicers for management.
The issue of private debt was raised at the TIF and became the subject of fierce confrontation between the government and opposition parties.
The Ministry of Finance has informally “pre-announced” that it is launching a series of interventions (i.e. they do not concern only the Code of Conduct), with the voting of the changes scheduled for October.
The consultation with the BoG is based on its role as supervisory authority, given the information that the changes will also bring stricter sanctions for any violations. In plain terms, the screws will be tightened...
The discussion/consultation of Kyriakos Pierrakakis with the servicers’ side, however, has not, according to what the column is informed, begun.
MAZONAKIS: The tragic outcome of the famous and particularly popular singer highlighted, beyond the criminal responsibilities now being investigated by Justice, a much more simple question. How can a citizen know, before walking through the door of a medical practice, what exactly is allowed to take place inside it?
The Athens Medical Association announced in recent days that plasmapheresis is not allowed to be carried out in a Primary Health Care provider and that during the recent inspection at the specific practice two relevant machines were found, which had not been identified previously.
At the same time it also pointed out something entirely reasonable. That it supervises more than 16,500 providers and no inspection mechanism can be everywhere every day.
However, part of the solution to this problem is probably easier than many think, without this meaning that more inspections are not needed, including through a Health Inspectors body, which existed and was abolished under New Democracy.
As technology sector executives pointed out to the column, a platform can provide a reliable solution.
MAZONAKIS II: We are talking about a single public platform, on gov.gr or elsewhere, where by typing the name of a medical practice -or by obligatorily scanning a QR at its entrance- the patient will immediately see a series of details.
What kind of unit it is, whether its operating license is active, who the scientifically responsible person is and their specialty, what equipment requires special approval and, above all, which medical acts are allowed and which are not allowed to be performed there.
Do you want, for example, plasmapheresis? You type “plasmapheresis” and the system tells you whether it can be done at the specific facility. As simple as that.
The issue of personal data does not seem to constitute a serious obstacle, provided the platform is set up properly. No patient data is needed. Only the absolutely necessary professional and licensing details of doctors and facilities, with a clear legislative basis and the purpose of protecting public health.
The GDPR, after all, allows processing when there is a legal obligation or a public interest mission, on the condition of data minimization.
Also note that the “basis” for such a registry exists, as the ISA already has a public electronic search for doctors, specialties and subspecialties.
The most difficult thing is something else: to clearly codify what is allowed in each category of medical practice, because today the rules seem to be scattered across licenses, specialties, equipment and different provisions.
Well, let it be done then.
The Greek State has built so many platforms. One that will allow the citizen to check before entrusting their health somewhere is probably worth the effort.
KAIRIDIS: Another blue-party executive, Dimitris Kairidis, yesterday distanced himself from government spokesman Pavlos Marinakis over his position regarding the unemployment benefit.
The blue-party parliamentary representative, in an interview (with Parapolitika), argued that “there is no issue of unemployment benefit” and when asked whether these statements should have been made, he characteristically noted: “Judging by the result, I think they were unnecessary”.
Referring specifically to Mr. Marinakis, he said: “The truth is that Pavlos, in these three years, has been flawless in his duties; now the fact that at some point under the pressure of the preference vote and his autonomy, as he will now run, he also expressed a personal opinion, I do not think is the major issue, it was simply the misunderstanding, precisely because he has this weighty role”.
For the record -and this has its own significance- both of them (Marinakis and Kairidis) will be candidates in the northern sector of Athens, as will the Minister of Labour, Niki Kerameus, who had immediately come out, with a written statement, to “disown” the government spokesman over his much-discussed position.
It recalls -with a dose of exaggeration of course- the well-known saying, our opponents are in front of us, beside us are the enemies…
MYLONAKIS: Deputy Minister to the Prime Minister Giorgos Mylonakis made his first appearance in Parliament after his health problem.
Kyriakos Mitsotakis commented on it, speaking in the discussion on Constitutional Revision. “Giorgos, welcome back, stay strong, iron-strong, I believe we are all happy to have you with us again”, the prime minister stressed characteristically.
A similar welcome was also extended to Mr. Mylonakis by Makis Voridis, during his own speech, wishing “that we all toughen up against the toxicity that unfortunately is often cultivated even within Parliament”.
ENERGY: A paradoxical story is unfolding around energy storage investments on the islands, with the risk that a significant part of the 275 MW envisaged for Crete, the Cyclades and the Ionian may ultimately remain on paper.
The Ministry of Environment and Energy call provided for 200 MW for Crete, 25 MW for the interconnected Cyclades and 50 MW for the Ionian Islands. Investor interest was strong, with investors having matured projects and committed significant amounts in letters of guarantee.
The problem arose when, shortly before the process was completed, critical terms were amended and the creation of new interconnection substations was excluded. For several large projects, however, the new substations were necessary in order for them to be connected to the grid.
And this is where the administrative paradox begins. When it became apparent that the larger projects could not proceed through ADMIE, the possibility had already closed for them to be reduced or split into smaller projects of up to 10 MW so that they could be examined by DEDDIE.
Market sources report that especially in Crete, requests for smaller projects are minimal, creating the risk that a large part of the envisaged 200 MW will remain unutilized.
The irony is that all this is happening at a time when the government places storage at the core of the islands’ energy security and promotes investments worth billions through the Islands Decarbonization Fund.
The market believes there is still a way out: a limited time window that will allow already mature projects to be reduced or split, where this is technically feasible.
Because in energy, in the end, it is not the MW provided for by ministerial decisions that count. What counts are those that are connected to the grid.
EYATH: At Thessaloniki’s water utility they are preparing new investment plans and these require capital.
Thus, at a closed meeting at the Ministry of Environment and Energy on Friday (tomorrow), EYATH’s CEO, Anthimos Amanatidis, is expected to sign an agreement with the vice president of the EIB, Giannis Tsakiris, for the provision of technical assistance aimed at financing the company’s business plan.
From what we learn, the amount of financing may reach as much as 150 million euros. Mr. Papastavrou will, of course, also be present at the meeting, as the government is simultaneously promoting a series of reforms in the water management sector.
MONDELEZ: Anthemia, the trading, distribution and logistics company based in Sindos, which cooperates commercially with Mondelez Hellas and distributes its products, posts turnover of almost 24 million euros.
In 2025 its sales increased by 3.1%, to 23.99 million euros, but on the bottom line the picture changed: net profits fell 45%, to 195.9 thousand euros.
The cushion, however, exists. Zero borrowing and cash available of 1.81 million euros for the company of 78 employees.
VERGINA: Last year was a heavy one for Macedonia Thrace Brewery. Turnover may have decreased by only 2.7%, to 30.39 million euros, but pre-tax profits plunged 72%, from 2.99 million to 841 thousand euros.
Behind the pressure are increased production costs and higher expenses linked to the legal dispute with Heineken.
The interesting thing, however, is that the company did not hit the brakes. It invested 5.79 million euros in fixed assets and raised another 2 million through a capital increase for new moves.
PORTO CARRAS ESTATE: For every euro of sales, Porto Carras Estate lost about two. Turnover rose to 901 thousand euros, but losses reached 1.84 million and EBITDA was negative by 1.55 million euros.
After the capital increase of 1.951 million euros decided in 2024, in June 2026 a new capital injection of 2.26 million euros was approved. Equity had fallen to 1.30 million, below half of the share capital.
KRI KRI: The share of the Serres dairy company closed yesterday’s session with a new record.
It now stood at 32.7 euros after a rise of 3.15% with increased trading (44 thousand shares), the highest -excluding packages- since 24 August.
Over a 12-month period the gains reach 72%.
EXAE: Celebrating the 150 years of the Greek stock exchange, the share of Euronext Athens set a new record, at 8.47 euros (+3.55%).
It is noteworthy that it completed seven sessions in which volume reached five-digit numbers.
NBG: Today 11.58 million treasury shares of the bank, or about 1.27% of its share capital, are being cancelled, in an indirect bonus to existing shareholders.
The shares were acquired under the relevant program at an average purchase price of 12.61 euros and a total cost of more than 146 million euros.
At the same time, from today the nominal value of the bank’s share is also increasing to 3 from 1 euro, through a share capital increase, through capitalization of part of the account “difference from issuance of shares above par,” without affecting the level of National’s equity.
GEK TERNA: TERNA, the construction arm of the GEK group, aims to execute a backlog of 1.2 billion euros during the current second half.
If management’s estimate is confirmed, TERNA’s turnover this year will exceed 2.1 billion euros, recording for a second consecutive year an increase of about 400 million euros (i.e. in 2025 turnover amounted to 1.7 billion euros and in 2024 to 1.3 billion euros).
GEK TERNA II: The EBITDA margin declined in the second quarter to 12.8%, with analysts expecting a further decline in the third and fourth quarter, due to rising oil and materials prices.
Even so, if the EBITDA margin for the whole year settles at the level of 11% to 11.5% (i.e. 13.17% in the first half), TERNA is heading for EBITDA of 230 to 240 million euros, which constitutes a historic performance for a domestic construction company.
It is recalled that on 30/6 the company had net cash of 370.6 million euros. Of the backlog of 6.9 billion euros on 30 June, 4 billion euros concern project contracts to be executed with other companies of the GEK group, 1.9 billion euros private projects and only 1 billion euros public sector projects.
In plain terms, the Concessions that GEK included in its portfolio (e.g. Egnatia Odos, Kasteli, Hard Rock Athens BOAK, etc.), and the PPP projects, “feed” the construction arm.
GEK-RES: With careful steps, due to the terms of the agreement for the sale of TERNA ENERGY to Abu Dhabi Future Energy, the GEK TERNA group is returning to RES.
In Greece it is running or maturing projects for the construction of energy storage units (batteries), with a total capacity of 162MW, while in Romania (i.e. a market in which it is not burdened by restrictions due to the TERNA ENERGY sale agreement) it is planning the construction of combined RES and energy storage units, with a total capacity of 150MW.
It is recalled that in Romania it acquired this year, through Sustainable Energy Solutions, 100% of the shares of Smart Electric, with a license for a photovoltaic plant and battery storage system, for a price of 14 million euros, of which 12.7 million euros had been paid by 30 June.
MOTOR OIL: The listed company will redirect the funds that will flow in from the sale of 75% of ILEKTOR-Thalis into investments to strengthen the production capacity of the two crude oil refining units.
This is what management stated during recent presentations to investors. Analysts estimate that these are complementary moves, which will strengthen the refinery’s capacity by 20 to 30 thousand tons.
It is recalled that Motor Oil’s management foresees the maintenance of high refining margins for two years, due to supply problems exacerbated by damage to refineries.
MOTOR OIL II: Since last July, Motor Oil’s executives have been gradually selling shares of the group’s parent company, while the share price continues its rally.
On 10 September, Ioannis Kosmadakis, deputy CEO of MOH, sold 20 thousand shares at 64.76 euros each and another as many (i.e. 20 thousand pieces) on 14 September at 65.67 euros per share.
On 27 August, Motor Oil CEO Petros Tzannetakis sold 40 thousand shares, at an average price of 60.54 euros, while during the three-day period from 26 to 28 August, Theofanis Voutsaras, general manager of human resources, sold, in aggregate, 8,500 shares, at an average price of 61.39 euros.
Yesterday it became known that between 11 September and 16 September Petros Tzannetakis returned with new sales of 20,081 shares, collecting 1.34 million euros.
Something similar (i.e. small sales by insiders) had happened in mid-July, when the share was trading in the area of 48 to 49 euros.