A new round of government changes is underway following recent restructuring. According to available information, these changes will be extensive, affecting general secretaries. The Deputy Prime Minister, Kostis Hatzidakis, is coordinating the selection process for suitable executive personnel. In Kyriakos Mitsotakis’ governments, the central ‘hub’ has always played a decisive role in such appointments. While traditionally, general secretaries were chosen by ministers with certain considerations, the opinion from Maximos Mansion remains critical.
The debate over the electoral law is reigniting as the prime minister faces renewed pressure. Although previously he adhered to institutional procedures, now, with changing circumstances, ensuring the country has a functioning government post-elections is paramount. The opposition’s stance against collaboration further complicates matters, leaving limited options.
Today, the government will announce the increase in the minimum wage effective April 1st. Proposals suggest a 4%-5% rise based on consultations with social partners and scientific bodies. However, higher increases are anticipated for political reasons. The government aims to regain momentum through measures like wage hikes.
Despite better wages being a priority, they alone no longer suffice due to societal support structures collapsing, leading to increased social insecurity. Additionally, tax obligations must be considered alongside wages, with careful attention needed to ensure accurate data submission during tax declarations.
Internationally, oil’s share in the global energy mix dropped below 30% last year for the first time, marking a historic shift toward electricity. Locally, electricity prices may not drop significantly in April due to subsidy reductions, despite wholesale price decreases.
DEH is set to report better-than-expected 2024 financial results, attracting investor interest. Meanwhile, Qualco Group plans its stock market entry with a technology company valuation. Recent stock market rallies reflect positive sentiment towards Greek banks and key stocks, driven by Moody’s upgrade and strong demand for government bonds.
Other notable developments include high trading activity in the Athens Stock Exchange and significant shareholder interest in companies like DEAA and Interlife Insurance.