Banks and SSM “hardliners”, Creta Farms and property sales – Economic Post

Psychrolusia. This is the word that most vividly captures the sentiments of investors holding bank stocks.

· New reports want the SSM to take a tough stance on dividend distribution from European banks.

· Remuneration of shareholders has long been a key point of contention between the ECB and the banks

· The latter argue that the strict line of the supervisory authority is partly responsible for their poor valuations.

· In Greece, the 4 systemic groups expect the SSM to give the green light to reward their shareholders for the first time in 16 years.

· Discussions with the SSM on the matter have already begun, with relevant decisions expected in June.

—————

The acquisition that did not come out in Creta

· Creta Farms’ sales in the first quarter of 2024 are “running” at double-digit rates.

· The repositioning of the Cretan sausage industry after the painful period that reached the brink… of bankruptcy is bearing fruit.

· The new ownership is implementing an aggressive development plan, which also includes entering the… vegan deli space.

· The expectations for this year are just as great as the data and the messages that are coming for the tourist traffic of Crete.

· Dimitris Vigileaos does not hide his optimism, telling his interlocutors that he is constantly looking for new opportunities for acquisitions.

· In the previous period, as we learn, he was very close to acquiring a production unit in the region of Attica, which, however, did not proceed…

—————-

Real estate sales have begun

· We don’t know if anything is starting to change in domestic real estate, however we were impressed by the move by a large real estate agency to advertise properties at reduced prices.

· Of course, these are apartments located in less popular areas of Attica.

· In other words, it is not in the Southern Suburbs, where the prices per square meter are… red.

However, as an expert in the field observes, the government’s decision to rein in Golden Visa and Airbnb will… inevitably hurt the industry.

· “The message that the country sent to the international community will have repercussions”, he notes characteristically.

· The question on everyone’s mind is when prices will begin to correct.

· Why no one is still talking about… bubble.

—————

The complaint about the tax on… alcohol

· We learn there is a lot of grumbling in the area of ​​alcoholic beverages about the increased taxation.

· Although the… phenomenon is not new, the pressure on consumption has caused a lot of concern to businessmen.

· “We have the highest taxation in all of Europe,” says a well-known industrialist in the sector who wishes to remain anonymous.

· The government’s promise of tax relief, he continues, has not been implemented.

· The issue is that they will probably be waiting for a very long time, since there does not seem to be any intention of the government to reduce the rates.

· Especially in this extremely uncertain and fluid international environment, where no one can predict how things will develop.

· And securing ammunition is deemed necessary…