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Hello! I received some information from a reliable source at M.M. who provided insights yesterday. They mentioned that “The Prime Minister is extremely upset about the recent decision by the Council of State to convert private plots into agricultural land (designated for areas with under 2,000 inhabitants). As he stated, it’s unacceptable to have both a significant demographic and housing crisis—particularly in the provinces and across Greece—while the state can seize people’s properties overnight. This ruling seems to have come out of nowhere, particularly given that the relevant law has been in place since 1983.” My source emphasized that “Mitsotakis will not allow this matter to be sidelined and will utilize every option and pressure tactic to defend these property rights.” This situation certainly seems excessive and unjust.
Mitsotakis’ Public Engagements
With the favorable weather and a more positive political atmosphere for ND, K.M. has started to venture out from Maximos more frequently, touring Attica and beyond. He visited Megara on Saturday, speaking with local residents. His schedule also includes a trip to Evia this Thursday, where he will visit Aliveri and inaugurate a carbon capture station at the AGET facility.
Karamanlis Investigation Proposal
Today or tomorrow, ND is set to submit its proposal for a preliminary investigation into Kostas Karamanlis concerning a misdemeanor for breach of duty. It’s expected that the former minister will also make a statement. The legal document is being finalized and will reference Christos Spirtzis; however, no charges will be pursued due to the statute of limitations.
OnlyFans and Tax Authorities
According to a contact in tax affairs, the OnlyFans industry is thriving in Greece, with social media platforms—especially TikTok and Instagram—filled with advertisements from Greek and international models. Earnings are reportedly in the range of €15,000 to €20,000 a month, which is quite lucrative, especially since it’s tax-free. However, the tax authorities are taking notice, and audits are expected.
Bank Launches for Senior Bonds
In market news, banks are preparing to issue senior bonds this week and next under the MREL framework. After announcing their intentions during quarterly earnings presentations, the total for the year is projected to be around €2.5 billion to replace maturing bonds and refinance existing issues. Given the recent drop in interest rates, banks are accelerating their actions amid market volatility and cautious investor behavior. The competition is intense; according to the EBA, Europe expects to see significant bond issuances by 2025.
Swiss Franc Loan Regulation in Progress
The Finance Ministry is still finalizing regulations for loans in Swiss francs. A political mandate has been established, emphasizing the need for continuity in government as promises must be fulfilled despite personnel changes. Banks think they understand what’s coming, but they may ultimately bear some costs in the end.
National Bank and EFG Luxembourg Developments
The National Bank is currently very active and appears to be in talks for several projects. However, there’s no indication that anything will materialize immediately. Reports suggest that while acquiring EFG Luxembourg was considered, the decision was made against it due to current market volatility, making such a large-scale acquisition risky. Instead, smaller agreements in insurance or other sectors abroad may be forthcoming.
Strong Q1 Expected for OPAP
Analysts anticipate that OPAP will report another solid quarter soon, driven by betting revenue and online growth. Online casinos are also expected to perform well, with Joker’s record jackpots contributing significantly. AXIA predicts a gross gaming revenue of €584.9 million, up 6.4% from last year, along with an EBITDA of €201.1 million. However, challenges are expected in future quarters due to tougher comparisons and stock performance surpassing expectations.
Auction of Sorras’ Assets
Remember Artemis Sorras? He once promised to eliminate Greece’s debt with his claimed riches. Unfortunately, those prospects have vanished along with his peculiar dealings. An auction is scheduled for May 30, featuring various items, including furniture and equipment linked to the “E.SY. – Hellenic Assembly,” which has faded into obscurity. Interestingly, these items are appraised collectively at €500, with a starting bid of €300. A bit of irony considering the grand promises once made.
Vasilis Milionis’ Ventures
Vasilis Milionis, who gained notoriety from the Energa–Hellas Power case, is now involved in the “Larisa Thermoelectric S.A.” project for a gas power plant estimated at €600 million, backed by a consortium including international partners. While he was previously removed from the energy sector amidst scandal, he has re-emerged in the medical cannabis space and is rumored to have interests in the defense sector, showing a knack for identifying lucrative opportunities.
Government Approves €2.5 Billion in Health Projects
The Governmental Committee for Projects of National Strategic Importance will meet today to assign 26 major projects worth €2.5 billion to the Hellenic Corporation of Assets and Participations (HCAP). The government is pleased with HCAP’s efficiency in completing various health sector projects.
Stock Market Trends
The Greek stock market narrowly missed achieving its sixth consecutive positive week, thanks to external factors. The General Index has risen 22.64% year-to-date, while the Banking Index has seen a significant increase. Investors are awaiting pivotal announcements regarding potential reclassifications in stock market categories that could greatly affect fund managers and investments.
U.S. Trade Policies
Recently, U.S. President Trump made headlines by proposing tariffs on European products and iPhones manufactured overseas. His assertions have led to fluctuations in the stock market, with major indices showing declines over the week. The implications of these tariff threats on corporate earnings are being closely monitored as market speculators react to the news.
Nuclear Batteries for Space Exploration
Zeno Power Systems has successfully raised $50 million to develop nuclear batteries suitable for extreme environments, including space. This innovative technology is poised to begin operational contracts with NASA and the U.S. military, suggesting a potential future reliance on nuclear energy solutions in challenging conditions.
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