NEW DEMOCRACY: Only three of the previous leaders of ND were named by Kyriakos Mitsotakis, during his greeting at the party event for its 52nd birthday.
Against the backdrop of the emblematic torch, which made a forceful return, as a reminder of the identity, principles and values of the party, the prime minister referred to those who exceeded 40% in elections (he appeared optimistic that it will happen again in 2027) and specifically to its founder, Konstantinos Karamanlis, his father Konstantinos Mitsotakis and Kostas Karamanlis.
With this dribble he thus left Antonis Samaras out of the… frame and any possibly awkward reference to him, although with one of his remarks, according to some attendees, he “pointed to” the Messenian:
“The party’s birthday is also an opportunity to remember our personal journey,” he said and spoke of the party’s constant renewal and its ability “to adapt beyond and above labels, of the right, the center and the left, as our founder prophetically wrote in our founding declaration.”
NEW DEMOCRACY II: The government spokesperson was asked about Kostas Karamanlis’ absence from the event for ND’s 52nd birthday and, owing also to the thankless nature of his role, answered rather awkwardly:
“As for Mr. Karamanlis, I cannot answer, I have no information. He himself chooses, all the more so as a former prime minister, where he will be present. In any case, every member and every president of the party is a distinct part of its history, as was also reflected in yesterday’s (ed. note: the day before yesterday’s) post made by ND. And that never changes,” commented Mr. Marinakis.
For the record, the former prime minister tomorrow morning will attend and speak at a Greek-Chinese forum, at the Bodossaki Foundation.
KARYSTIANOU: She is not discouraged by the low polling performance of “Hope for Democracy” and is setting the electoral bar very high.
“I do not consider single-party majority unlikely, I consider it very likely… The country has disappointed the majority of the people. Therefore, the circumstances are suitable for us to make the big change,” she stressed, among other things, in an interview (on Mega).
Asked where she places herself politically, Maria Karystianou did not answer clearly, since “we have elements from various ideologies,” while she gave no chances to the possibility of collaborations:
“PASOK owes five hundred million to the banks. New Democracy owes the same. For us these are unthinkable things, which require scrutiny. Mr. Tsipras is a memorandum prime minister, we cannot cooperate. Ms. Konstantopoulou is part of the system.”
Searching for the… light in the tunnel.
LOANS IN FRANCS: Holders of loans with a Swiss franc clause may have another opportunity, as banks are considering the scenario of continuing the arrangements, under the same terms, brought by the government’s legislative intervention, even though the relevant period expired at the end of September.
The informal extension, if granted, will be prompted by the fact that there were borrowers who submitted, in time, an application for conversion, but did not complete the process. Now, if new applications are also submitted, the banks will not say no.
There is a reserve of accumulated provisions…
LOANS IN FRANCS II: The differences between the number of conversion applications and the files that completed the process (ed. note: the conversion) are responsible for the communication misunderstanding regarding acceptance rates.
Based on applications, the percentages appear high. Using as a criterion the number of loan contracts that were converted from Swiss francs to euros, with a fixed interest rate, the picture becomes less impressive and closer to market estimates.
If an informal extension is granted, the correlation between the number of applications and the number of conversions may come into balance.
IGGLESIS: Greek shipping company Carlova Maritime, of Antonis Igglesis, returned to the newbuilding market, signing its fourth order just one year after its establishment.
The company assigned Japan’s Imabari Shipbuilding the construction of two aframax tankers with a capacity of 114,000 dwt, which will be delivered in the fourth quarter of 2029 and the first quarter of 2030. The price of the agreement was not disclosed, while Clarksons currently estimates the value of a newbuilding aframax crude tanker at about $75 million.
This is Carlova’s second order within 2026 and the fourth since its establishment in April 2025. With the two vessels at Imabari, the company now has three aframax vessels under construction, as one more is being built at Hengli Heavy Industry and is expected to be delivered in mid-2028.
At the same time, Carlova has ordered two VLCCs of 300,000 dwt at Hanwha Ocean, for delivery in the fourth quarter of 2027 and the third quarter of 2029, as well as one kamsarmax of 82,000 dwt at Hengli.
Overall, Carlova manages 13 vessels, nine tankers and four bulkers, all built in Japan. The company is the continuation of Samos Steamship, which was founded by the Igglesis family in 1911.
LATSIS: New chartering agreements for seven vessels of the Latsco Shipping group, interests of the Latsis family, were secured by the British chartering company Latsco (London), after the losses it recorded in 2025.
According to a filing with Companies House, the company posted a net loss of $485,000 last year, compared with profits of $1.16 million in 2024. The decline was attributed mainly to the reduction in the days during which it provided agency services, as three agency agreements expired during 2025, while the number of vessels chartered in the spot market increased.
At the same time, personnel and operating costs increased. Salaries and remuneration amounted to $4.5 million, from $3.7 million in 2024. Revenue from agency fees fell to $5.6 million, from $6.5 million.
Since April, the company’s monthly fee has been set at 2.5% on all charters, with a minimum commission of $750 per day and a maximum of $1,000 per day.
Chief executive officer Ioannis Topakas estimated that 2026 performance will improve, due to secured revenue from existing agency agreements and new agreements that will come into force during the year.
Latsco (London) began its activity in 2006. According to Clarksons, the Latsco group currently controls 34 vessels, including four VLCCs, two LNG carriers, LR2 tankers, VLGCs, bulkers and one containership, up from 29 a year earlier. At the same time, it has 13 vessels under construction in South Korea and Japan.
Last month, Latsco Shipping sold the two oldest of the eight VLGCs in its fleet, the sister ships Hellas Poseidon and Hellas Hercules.
BANKS: The Greek banking system has made significant progress in regulatory compliance, as it has been operating for more than twenty years in an environment of increased requirements for combating financial crime.
This conclusion emerged from the statements of sector executives as well as servicers at the 3rd Conference on Financial Crime organized by Deloitte.
The acting Secretary General of the Hellenic Bank Association Charikleia Apalagaki, as well as the president of the Association of Claims Management Companies Theodoros Athanasopoulos, were among the main speakers at Deloitte’s conference.
The discussion took place in view of the implementation of the unified and directly applicable framework of rules throughout the European Union with an activation date of 10 July 2027.
HELLENIQ RENEWABLES: A bond loan of up to 250 million euros will be issued by the HelleniQ Energy group’s RES “arm”, which will be covered by HelleniQ Energy Finance.
This is a revolving loan, with a five-year duration, at a fixed interest rate, which is calculated, based on HelleniQ Energy Finance’s borrowing cost, plus a 0.20% margin, for the annual management cost.
ARIADNE: The company may return grant amounts of up to 14.9 million euros to the State, following relevant audit reports served on it.
For the above reason, Ariadne increased by an equal amount (ed. note: by 14.9 million euros) its claim on ADMIE, since if it is not vindicated, the amount of the grant being returned increases its claim on ADMIE given that it is the final beneficiary of the grant received.
Ariadne closed fiscal year 2025 with turnover of 232.27 million euros, EBITDA of 55.3 million euros and pre-tax profits of 33.5 million euros. Net profits amounted to 26.16 million euros.
Net debt stood at 31/12/2025 at 395 million euros.
VIOHALCO: Piraeus Securities, in its report with which it initiates coverage of the stock with a target price of 24 euros (upside 36%), notes that it sees a gradual increase in dividend per share (DPS) to €0.69 in 2030.
The brokerage estimates that cumulative distributions to shareholders during the 2027-2030 period will amount to about €500 million, as the group’s subsidiaries are expected to increase cash payments to the parent.
According to the forecasts, dividend per share (DPS) will increase from €0.39 in 2026 to €0.46 in 2027, €0.52 in 2028, €0.56 in 2029 and €0.69 in 2030. Accordingly, dividend yield is estimated to strengthen from 2.2% in 2026 to 3.9% in 2030.
At the same time, free cash flows are expected to increase from €265 million in 2026 to €691 million in 2030, while net debt is projected to decline from €1.23 billion to just €430 million.
At the profitability level, Piraeus Securities forecasts an increase in net profits from €346 million in 2026 to €506 million in 2030, with EBITDA increasing from €838 million to €1.23 billion.
SARANTIS: The stock hit a yearly low yesterday, closing at 11.56 euros or 0.86% lower, with transactions slightly above 400 thousand euros.
The stock comes from eight declining sessions and one unchanged close in the last nine days, while the distance from the yearly highs in mid-April (15.56 euros) is widening.
After yesterday’s close it exceeds 25%.
AKTOR: The group’s stock is also in a mild corrective move. From 10.18 euros in mid-September, it closed yesterday at 9.37 euros (-1.78%) with transactions exceeding seven million euros.
It is now also moving at a yearly low.
ALLWYN: The stock got a deep breath from the ballot results in distant Brazil and the lead of Flavio Bolsonaro over Luiz Inácio Lula da Silva.
Investors are betting on the victory of the right-wing candidate and the lifting of the betting ban imposed by the country’s current president.
The stock closed yesterday at 11.53 euros with the return at 4.11%, while it traded up to 11.88 euros (+7.22%).
Of course, shareholders continue to record significant unrealized losses. From 14.56 euros at the end of August it is down almost 21%.
P.S. A party was also recorded in Brazil’s markets, with the local currency gaining 4.8% against the dollar, while the main stock market index was recording gains around 9%.