THEODORIKAKOS-PRICES: In less than 45 minutes, the Maximos Mansion reached an agreement with the food industry and supermarkets for a two-month “period of stability”.End of the cap on the gross profit margin, no new price increases on packaged goods during the summer, and maintenance of the already implemented reductions on approximately 2,000 products, announced Takis Theodorikakos.
The real test, however, comes with the first rains. In September, the government, industry and retail trade will negotiate a new package of interventions, in order to agree on which basic product categories price reductions can occur and by how much.
In the government staff, the goal is that when citizens return from the summer holidays, they will find lower prices on supermarket shelves. If this is achieved, the government will be able to argue that it moved from the extraordinary administrative measures of the period of high inflation to a new model of cooperation with the market, while also having a strong political narrative ahead of the TIF and the pre-election period.
The equation, however, is not easy. At the moment when in Athens an agreement to “lock in” a de-escalation of prices is being attempted, international markets are beginning to emit new warning signals.
The intense heatwave hitting Europe is already affecting agricultural product markets. For example, corn contracts on the Paris exchange have risen by almost 11% within two weeks, reaching the highest levels of recent months. On the other hand, nothing is certain regarding developments in the Middle East.
Consequently, the question arises whether developments may exceed the plans…
INSURERS-CLINICS: For the first time, the Annual Adjustment Index (EDI) for health insurance was published and for the first time we have numbers that put things in their place and create... surprises.
What do the data say? That in 2024 the net cost of coverage, if you subtract the effect of age, increased by only... 1.25%. The percentage represents the real increase that can be attributed to “external factors” — such as more expensive health services, clinic prices and hospitalization costs.
The total 6.24% that results when age is included reflects something we all know: the older you get, the more you cost the system. It is essentially the cost of the aging of the population.
The data become even more interesting when you look at them by contract category.
In long-term contracts, compensation went from 227.7 million euros in 2023 to 229 million euros in 2024 — an almost negligible increase. The average cost per claim rose from 4,563 to 4,938 euros, but the increase in the index was only 1.76% (without taking population aging into account).
In annually renewable contracts, compensation increased more noticeably, from 232.4 to 254.3 million euros. But at the same time many new insured persons were added — from 664 thousand they increased to 708 thousand.
And here there is an impressive “detail”: the average cost per claim actually declined, from 3,604 to 3,578 euros. The index without age? it increased by only 0.79%.
So a big question arises. Why were the insurance companies shouting for a very long time about what they said were excessive increases in clinic prices, and some of them rushed to make large premium increases, up to 13%?
Because the ELSTAT data do anything but justify them...
NEW DEMOCRACY: The government may be… disowning in summary fashion the Secretary for Strategic Planning & Communication, Vasilis Fevgas, for his proposals on abolishing the law on same-sex couples and lifting Samaras’ expulsion, however he himself remains in his position as normal, despite publicly questioning central decisions of the prime minister himself.
“Under no circumstances does a letter (which he sent to Kyriakos Mitsotakis) by Mr. Fevgas express ND. We do not evaluate it as a serious move. There is no such thing in the Government’s planning”, the government spokesperson stated on the matter, who when asked whether the… perpetrator remains head of the -not random- Secretariat, replied:
“As far as I know yes, there is no contrary information. Therefore it is not something worthy of comment”.
The blue politician himself -and for a long time a close associate of the prime minister- in yesterday’s interviews nevertheless insisted on these specific positions of his, spoke of “quite a lot of people in ND who are dissatisfied and feel distanced”, although, as he said, “my own proposals concern the strategy for victory, they do not constitute questioning”.
That is, after he lit the… fire, he then tried to put it out.
P.S. “Evil tongues” from within attribute Fevgas’ initiative to the difficult effort to attract voters in the demanding electoral district of Aetolia-Acarnania, where he will run as a candidate.
NEW DEMOCRACY II: From tomorrow, the MPs of ND are acquiring an additional digital weapon to facilitate their daily routine, as they will be informed about and immediately begin using the iKO platform.
It is an integrated platform that creates a unified environment of parliamentary information, management and coordination. The goal is better organization and immediate information for the blue Parliamentary Group to facilitate the exercise of parliamentary work.
MPs will have immediate and personalized information, for example, on committee minutes and amendments up to plenary sessions and the order of speakers, while they will also be able to schedule direct meetings with ministers.
The presentation will take place at the Bodossaki building, by Vangelis Liakos, Deputy Secretary of the Parliamentary Group, in the presence also of Kyriakos Mitsotakis.
And so, the blue MPs will become… hi-tech!
DEFENSE: The scenarios and reports (in TA NEA) about Greek-Canadian discussions regarding the participation of the two countries in the newly established international financial institution DSRB (Defense, Security and Resilience Bank), based in Toronto, are not being confirmed for the time being by the government. Its spokesperson declared ignorance on the matter yesterday, however the afternoon telephone communication between the two prime ministers brought the relevant scenario back into the public sphere.
According to the Maximos Mansion, Kyriakos Mitsotakis and Mark Carney discussed, beyond the prospects of bilateral cooperation, issues related to the upcoming NATO Summit (7-8 July) in Ankara.
There, where the Canadian prime minister, as he has foreshadowed in an article in the “FT”, may put into practice his intention to help allies rally around a “defense bank”, ready to deploy capital within a year.
Other countries said to be in advanced discussions with Canada about the DSRB are France, Germany and the United Kingdom, perhaps also Turkey.
DEFENSE II: His concern regarding how effectively European resources are being channeled into defense was expressed by the Head of the European Institutions and Policies Program of ELIAMEP and Professor, Spiros Blavoukos, during the Athens Defence Conference 2026.
As he said, they recently completed a survey on the companies of the Greek defense ecosystem that benefited from the European Defense Fund (European Defense Fund).
According to him, one of the issues that kept recurring in the discussions they had with the companies concerned what would happen to the final product they developed. The companies argued that they fulfilled all the prerequisites and developed the product, but needed further support for its marketing and promotion in the market.
Mr. Blavoukos explained that these were mainly small and medium-sized enterprises, which however constitute the backbone not only of the Greek defense ecosystem, but also of many corresponding European ecosystems.
“These businesses are struggling to find their way to the market” he noted, while warning that “today there are many remarkable products that risk never passing to the stage of production”.
As he clarified, this does not mean that the effort made has been futile, since these are dual-use technologies that can also be utilized in other sectors. However, he expressed his fear about the risk of wasting European resources if the European authorities do not proceed with the appropriate interventions to support the commercial exploitation of these technologies.
Which, in the end, is the point at issue…
EUROBANK: From the last installment of the loan leg of the Recovery Fund amounting to 1.4 billion euros that corresponded to Eurobank, in the end capital of 500 million euros was given, as the program closed.
What is interesting is how the 500 million euros arose as follows: 385 million euros were contracts from the last installment and the remaining 100 million euros (and something) came from amounts left over from the bank’s businesses/clients, who would have taken loans through the RRF in previous periods.
“We called them, asked them what was left over and that’s more or less how the additional 100 million euros were gathered”, said in a sidebar the bank’s deputy CEO and person responsible for corporate, Kostas Vasileiou.
EUROBANK II: The damage on the bank’s books from the regulation for the loans under the Katseli law amounts to only 3-3.5 million euros as the bank was not charging interest on those loans.
As regards the progress of the regulation of loans in Swiss franc, we learn that the rate of inclusion reaches 50%.
MOUNT STREET: Once again the credit servicing company Mount Street is changing its name. After its sale by Technical Olympic, the company was renamed Premier Financial Services. By decision of the general meeting of shareholders on 23 June, the company was renamed Green Credit Services.
BYTE: Byte, which is controlled by Ideal and OakHill, through the joint company Kymora Ltd, improved its profit margins last year, thanks to the decision to abandon low-yield projects, focusing on high value-added services, such as cybersecurity, cloud and business applications.
Thus, turnover declined by 15.45% to 63.2 million euros, while the EBITDA margin widened to 15.57% from 9.94% (EBITDA 9.8 million euros) and the pre-tax profit margin to 12.4% from 7.53%. The company closed the year with net profits of 6.2 million euros from 4.2 million euros in 2024.
On 31/12/2025 its cash reserves amounted to 21.6 million euros, of which it returned 11.9 million euros to Kymora last February. Its borrowing, on the same date, stood at only 4.6 million euros.
ALLWYN: An interim dividend from the profits of the March-May 2026 quarter is being distributed to Allwyn by the newly established Allwyn Hellas Investment, by decision of its board of directors, taken on 23 June.
The company was established on 27 February 2026, with an in-kind contribution from OPAP of its 100% subsidiaries, OPAP Investments Ltd, OPAP Cyprus Ltd, OPAP Sports Ltd and OPAP International Ltd. in the context of the transformation caused by the contribution to OPAP of Allwyn’s remaining assets.
Allwyn Hellas Investment had in the aforementioned quarter profits after taxes of 96 million euros, which it is probably distributing in their entirety (i.e. the exact amount of the interim dividend is not mentioned) to its parent.
OTE: An amount of 36.8 million euros will be collected by OTE from its subsidiary OTE Real Estate this year. Of these, 6.8 million euros come from 2025 profits and the remaining 30 million euros from taxed profits of previous years.
OTE Real Estate showed a 47% increase in revenue from electricity sales (16.9 million euros), due to rooftop photovoltaics. EBITDA amounted to 54 million euros, without including the profit of 52.3 million euros from the revaluation of properties at fair value.
The company intends to sell a property of approximately 3.5 million euros, which it transferred to inventories.