Minoan Share Discussion Threads

[rafboy] 24/11/2021 15:52

I trust you will eat your words soon clocktower.

[clocktower] 24/11/2021 15:48

You'll be lucky to get butter let alone jam.

[waterloo01] 24/11/2021 15:45

Yes please, yes please, yes please and so it seems. I know he's in Greece this week so hopefully that will be sorted next week as well.

[clocktower] 24/11/2021 15:42

Jam next week, jam next month, jam next year but still the loan is not sorted.

[waterloo01] 24/11/2021 15:39

Odd indeed. I recon law by end next week

Approval of investment plans within 60 days

In order to create a pro-investment environment in Greece, the government and the Ministry of Development bring three laws, the first of which began to be discussed yesterday in Parliament. As the Deputy Minister of Development and Investment Nikos Papathanasis said during the first discussion of the new law on strategic investments of the country (entitled "Strategic investments and improvement of the investment environment by accelerating processes in private and strategic investments and creating a framework for companies "), By the end of the week, the draft law on the Fair Development Transition will be introduced for discussion, to be followed by the introduction of the Development Law.

All three draft laws follow the first law passed by the government entitled "Invest in Greece" with the aim of stimulating investment in the country and reducing the investment gap. The three new draft laws are aimed at strengthening the positive investment climate that has been established in the country and which has already doubled foreign direct investment. As Mr. Papathanasis mentioned, the FDI in our country in 2019 was at 0.30% of the whole of Europe, a percentage that has now more than doubled.

This course is not for celebrations, he added. Minister of Development. "We are behind and we need to work hard to increase our participation in Europe's FDI." That is why the three bills are coming, which on the one hand will make the national legislation regarding investments more transparent, on the other hand it will speed up the processes of approval and implementation of private investments.

At the same time, Greek legislation will be amended accordingly to include new investments, such as film studios and data centers. "Land uses are changing as the specifications of a logistics center are different and completely different in a data center," said Mr. Papathanasis. Also, as he noted, the limits of integration of a strategic investment in the provisions of the law were lowered (from 100 million to 75 million euros) as the season now requires labor-intensive investments and less capital intensive, such as investments in research centers, innovation centers, space and robotics centers.

Regarding the procedures that are shortened in time, the if. Finance Minister said that private investment plans, with the help of the private sector, will be approved in 60 days from 600 days that were until recently. To this end, private auditors will be hired who will approve the investment plans within 30 days. The government, however, and the ministry will retain the right to control the evaluations of the auditors who will come from the ranks of the Certified Auditors who are included in the registers of ELTE (Accounting Standardization and Audits Committee).

"The state trusts ELTE and the private sector," said Mr. Papathanasis, noting that the goal of the government and the Ministry of Development is for the evaluation of investment plans to be done in a month instead of the one and a half years that were needed before. Thus, any private investment plan over 700,000 euros that will reach the new Development Law will be audited by a chartered accountant.

Finally, referring to the temporary operating licenses of foreign companies in our country, Mr. Papathanasis noted that this regulation, which is included in the draft law on strategic investments, gives the opportunity to foreign companies to operate immediately, while in the past it took months many before operating in the Greek market. Under the temporary regime, foreign companies will operate and then receive full operating licenses.

[rafboy] 24/11/2021 15:33

Odd time to sell so many but they may have a good personal reason.

[daicaprice] 24/11/2021 14:34

I’m glad you agree waterloo, can’t be a rollover as I don’t remember a 2m buy in the recent month.

DC

[waterloo01] 24/11/2021 14:29

Hard to fathom.

[daicaprice] 24/11/2021 14:21

Just under 4m dumped, our distressed seller finally out or maybe someone knows more than me, the timing is a little worrying.

DC

[pj 1] 23/11/2021 19:54

AIMdetective23 Nov '21 - 16:29 - 18113 of 18115
0 0 0
7% down gets me twitchy ?
==================================================================================
Image if you had invested in this POS since day 1?? -7% is peanuts. Add on any averaging down as all current posters seem to be doing. And.....

Whilst the Exec Chairman (please question why we have an Exec Chairman)has withdrawn circa £5 to £7 million including expenses. Allegedly.

[waterloo01] 23/11/2021 18:51

It's still in committee and is scheduled for Wed and Thursday. I guess if they don't finish it will be early next week, but more to the point, it's on it's way. (something lost in translation re spin-offs. Google has it's quirks)

Thursday

1. 10.00 am - Hall "President Dimitrios Georg. Papaspyrou "(150)

THE STANDING PRODUCTION AND TRADE COMMITTEE will meet on the agenda:
Continue processing and examination of the draft law of the Ministry of Development and Investment "Strategic investments and improving the investment environment by accelerating processes and strategies in private investment and create a framework for the spin-off companies. '(3 the meeting)
Speakers: Christos Tarantilis and Theopistis (Peti) Perka

[daicaprice] 23/11/2021 16:44

It’s a formality in my opinion and we know what will follow.
The sells today are mainly impatient traders with what I’d guess was our resident seller quickest on the button at 08.00.09am after no RNS.

DC

[aimdetective] 23/11/2021 16:29

7% down gets me twitchy ?

[waterloo01] 23/11/2021 16:13

It's like a kid in the back of a car. It's Greece. Enjoy the scenery. We'll be there when we arrive!

Only introduced to the committee today but Greek press will report it when it's agreed.

[aimdetective] 23/11/2021 16:07

Have they voted do we know?

[waterloo01] 23/11/2021 15:29

New incentives and time frame for strategic investments

Using a new categorization of investments, new sets of incentives and new assessment procedures, the government is trying not only to attract strategic investments, but mainly to see them realized in a reasonable time and not remain on paper.

The bill to be introduced to a parliamentary committee on Tuesday sets a time limit of 15 years, but for the so-called “emblematic investments of exceptional significance,” there is a completion deadline of December 31, 2025.

A certified inspector or a private entity as well as an export from the Register of Certified Assessors will monitor the implementation of each project.

Biotechnology is one of the categories of the investment categories included.

[waterloo01] 23/11/2021 11:38

Still unclear how long it will take. Might be a straight vote today or might well go into next week.

Title
Strategic investments and the improvement of the investment environment through the acceleration of processes in private and strategic investments and the creation of a framework for technoblast companies
Type
Law plan
Ministry
Development and Investment
Commission
Standing Committee on Production and Trade
Processing Phase
Editing in Committees
Processing Phase Date
23/11/2021
The photocopied s / n or p / n is
not the final text because
spelling and syntactic corrections are pending
Provisions of the Draft or Proposal of Law Adjustment Consequences Analysis Report of the General Accounting Office of the State Special Report (article 75 par. 3 of S)
Explanatory Memorandum & Other Accompanying Reports

Date Deposit
19/11/2021

[waterloo01] 22/11/2021 21:48

It's in committee so not there yet. Need to it on the books I'd expect a week or so.

[finster007] 22/11/2021 21:26

Great find Waterloo, nice to see some positive movement on the share price today!

[rafboy] 22/11/2021 20:47

It’s not far off for sure.

[nobbygnome] 22/11/2021 19:50

More likely on Wednesday morning I think

[aimdetective] 22/11/2021 19:40

Wishful thinking for a morning RNS? ;-)

[waterloo01] 22/11/2021 19:00

In print. No idea how long it takes from here to being on the statute books? Can't be much more than a week?

12. Time 15.00΄ - Senate Hall
THE STANDING PRODUCTION AND TRADE COMMITTEE will meet on the agenda:
Elaboration and examination of the draft law of the Ministry of Development and Investment "Strategic investments and improvement of the investment environment through the acceleration of processes in private and strategic investments and the creation of a framework for technoblast companies".
Speakers: Christos Tarantilis and Theopistis (Peti) Perka

[microscope] 22/11/2021 16:22

Things at last looking more promising, both with the new laws and the shareprice, thanks for all that info Waterloo. Planning and grants for example should be much more accessible and quickerThe only caveat in terms of all the new laws is that I haven't seen anything on extended leases. (I may have missed it, there's a lot of stuff going on and I've been tied up with - or by - an eternal continuum of bureaucracy in recent days!).If anyone with a longer attention span than me and has spotted something, that would be good if they can point to it.And with the shares at 1p finally, I suspect a few will be breathing a little easier regards the loan.

[atlantic57] 22/11/2021 15:46

I can understand creditors selling as they probably need the cash.
You would have thought that those taking part in recent placings did so on the basis of being sold the story, so you would expect them to hang on as the story unfolds.