This week is packed with political developments concerning both the Tempi pre-trial discussions and the upcoming vote of no confidence. The massive gatherings last Friday in Greece and the historic Trump-Vance-Zelenskyy meeting at the White House highlight the significance of current events. Meanwhile, Europe reacts to global tensions, emphasizing the need for increased defense spending over fiscal discipline. European stock markets have seen a surge in shares of defense companies such as Rheinmetall, Leonardo, Saab, BAE Systems, Thales, and others.
Time is running out for Greece regarding the Recovery Fund. Despite the Prime Minister’s efforts, neither the government nor the opposition seriously addresses the fate of approximately €20 billion. Greece has only 4-5 weeks left to secure substantial revisions. Negotiations with the European Commission are ongoing and expected to conclude by April. So far, progress has been limited despite claims otherwise. With less than two years until the deadline, Greece hasn’t met two-thirds of its milestones necessary to receive the full €36 billion.
Nevertheless, private investors like CVC continue to invest in Greece. Recently, CVC acquired 25% of Marina Zeas from ETAΔ for €40 million through its subsidiary D-Marinas. The marina boasts 670 berths and can accommodate vessels up to 80 meters long or 150 meters with side mooring.
In the business-investor landscape post-Feb 28th, all stakeholders assess the evolving scene domestically and internationally. Political dynamics remain active ahead of parliamentary debates. Moody’s evaluation on March 14th looms large, with minimal prospects for an upgrade according to informed sources.
Shipping faces turbulence due to Trump’s tariffs on Chinese-built vessels, impacting Greek shipping magnates who’ve ordered over 400 ships recently. Efforts to shift shipbuilding from China to India could lead to deals involving Greeks controlling 20% of the global fleet.
Meanwhile, silence surrounds developments in Thessaloniki following Dreyfus’ public offer conclusion. While Belterra strengthens its stake to 72.91%, uncertainty persists about future moves involving local and Turkish interests.
The Hypertamio prioritizes real estate management, focusing on the Poseidion Camping area in Kalandra. The bidding process has been extended until May 8th, showcasing significant investment potential near popular tourist spots.
Businessman Dimitris Daskalopoulos criticizes governmental misuse of terminology related to ‘pre-regulations,’ originally coined by his think tank diaNEOsis. He argues that true pre-regulation anticipates future challenges rather than merely addressing existing issues.
Positive signals emerge from Germany’s tourism sector despite economic hardships. German tourists maintain robust demand for travel, boosting sales for the summer season by 12% compared to last year.