Minoan Share Discussion Threads

[iman1974] 15/2/2022 07:14

The new guy sounds very influential, he's there to get this done.

[waterloo01] 15/2/2022 07:12

Mergos looks like an influential appointment and should go down well in Greece. Lot's of other snippets in here, potential grants/funding between 10m -30m, progress with Foundation, deepening relationship with Deloitte and site visits with prospects

"This plan will form the basis of the core documents which Minoan will be sharing with potential commercial partners and stakeholders, feeding into a more structured process with interested parties. "

[microscope] 14/2/2022 17:01

That odd number sell around 1.7 million rings a bell. Can't place whose, but sure it was a single holder or maybe warrants or similar

[rafboy] 14/2/2022 15:12

Few more now!

[nobbygnome] 14/2/2022 14:49

So another 1.1 million bought…

[rafboy] 14/2/2022 14:37

Yes, a few buys coming in now.

[nobbygnome] 14/2/2022 14:22

Someone took the 100k....

[tim000] 14/2/2022 13:13

Yes, the 26k was mine, I buy a few most days!

[nobbygnome] 14/2/2022 13:08

The 26k at 1.0138 is a buy; there is actually 100k available at that level if anyone is interested......

[tim000] 13/2/2022 09:44

Luxury tourism does seem the way to go. MIN is concerned to minimise its footprint on the area, indeed historically it met with some resistance from people who were afraid that any development would destroy the natural beauty of the area. Luxury tourism maximises value per sq meter while minimising construction activity and infrastructure such as utilities, roads, etc.

[wi1l] 13/2/2022 09:16

Tourism: Greece wants to become a Mediterranean Switzerland



A significant rise in luxury tourism since Easter, new contacts of Kikilia with actors of the Arab world, modernized marinas, golf courses, glamping and luxurious seven-star hotels are taking Greece to the top of the preference of very high-income travelers.

It may still be too early to have the real picture of the demand for this year's tourist season, but the information that comes regarding luxury tourism (Luxury & High-End Tourism) foreshadows an upward trajectory.

[wi1l] 13/2/2022 09:03

Investments shoot up 16%



Greece had a positive record in investments last year, with Eurostat and Hellenic Statistical Authority (ELSTAT) figures being in agreement with the European Commission estimates for an 8.5% economic growth rate last year in Greece, the second highest in the eurozone.

Data show that the increase in investments over the first nine months of 2021, on an annual basis, was also the second highest in the euro area, after Italy’s, amounting to 16.3%. The eurozone average was about a quarter of Greece’s, at 4.3%.

Notably, Greece managed to exceed investments recorded over the last year before the pandemic, with 15.6% more than in 2019, while the eurozone fell short 2.3%.

Figures also reveal that one of the main factors for investment growth has been construction of houses, explained by the decline of this category in previous years: Investments in residential construction soared 34.7% in 2021, compared to 2020.

[wi1l] 13/2/2022 08:53

Great posting Waterloo - very encouraging and (possibly) couldn't be better timing.

[waterloo01] 13/2/2022 08:18

Easter the first new program invitations

Around Easter, we will have the first new program invitations of the new NSRF (2021-2027), with the first, the program for Competitiveness (EPANEK) and the Ministry of Development and Investment , the competent services are preparing feverishly.

According to officials from the Ministry of Development and Investment, the services are already working on the approvals of the new NSRF, so that no time is lost and there is no " funding gap " between the two program periods, while it is expected to be voted, until the law on the new NSRF and the comments on all the programs are expected from Brussels.


It is noted that although our country received first among the EU member states. the "green light" from Brussels at the end of last July for the "central NSRF" and was again, the first country to submit all the programs, last October, however, the final approval by the EU is expected by March , as the European Commission itself is in an internal control phase and several procedures have been frozen.

In the meantime, the public consultation on the draft law entitled: "Management, control and implementation of development interventions for the Programming Period 2021-2027" is completed and by the end of February it will go to Parliament for a vote. The draft law is a necessary condition in order for the new programs to be activated.

The preparations for the first actions that will be announced and which will support small and medium entrepreneurship, concern the most important and biggest pillars, ie the investments for the "green" and "digital" transition of the enterprises and fall under the "umbrella" of the program " Competitiveness ", amounting to 3.9 billion euros, out of the total 26.18 billion euros of the new NSRF.

In addition, as officials of the ministry remind the APE - EIA, the basic philosophy is not to have many different invitations but large invitations, of a horizontal nature.

In practice, this means simultaneous access to finance for companies from a number of sectors of the economy. Indicatively, it is pointed out that in an action of upgrading fixed assets in digital or green level, retailers, tourism and other sectors will be able to join and the goal is to keep the invitations open, with a continuous increase of the budget, so that there is a continuous flow of results, inclusions and payments

. Depending on the investment, a reasonable amount of time will be given to the company to make the investment and in case the investment does not take place, it will be repaid automatically, so that the next business effort is included.

It is also considered that the invitations come out at regular intervals, so that the interested party knows in advance that e.g. The invitation that interests him will be released in September.

It is noted that the responsibility for the management of the programs remains with the Ministry of Development and Investment, except for the RDP and the Digital Policy program. So the design also concerns this area.

A process of merging staff structures is underway, two new services are being introduced to "run" state aid projects and a separate structure is being set up specifically for the regions, because there is a need for better coordination and the assistance that will be given to them will be multilevel.

In addition, a new unit is created for the separation of the actions of the Recovery Fund, the Special State Aid Service is strengthened in the part of the management of financial instruments and a memorandum of cooperation is prepared with the social partners, for the resources to be managed by the new NSRF and what exactly actions will implement.

At the same time, a system is being developed to avoid double funding, to have a clear strategy, what will be financed by the NSRF and what will be financed by the Recovery Fund, but there will also be synergies between the different Funds and a project maturation mechanism has been established. HRDH has a basic vehicle. That is, the HRDH will direct the projects that will be prioritized by the Government Committee of Public Procurement Strategies that need special care. These are projects of the Recovery Fund that exceed 50 million euros and projects of the NSRF that exceed 30 million euros.

[waterloo01] 13/2/2022 08:11

Direct 1.57 billion for financing new investments

Regarding the loan arm of "Greece 2.0", which according to the Ministry of Finance is also progressing rapidly, Th. Skylakakis states that "after the business agreements of the Ministry of Finance with eight credit institutions (6 domestic and 2 international), 1.57 billion euros are directly available to finance new investments in the country, which will create new jobs.

Banks have already issued invitations to investors inviting them to present investment plans for financing and to reap the benefits (eg fixed lending rate of 0.35% for the first wave of loans, repayment period up to 15 years, etc.). .) of the National Recovery & Sustainability Plan "Greece 2.0 ″".

Regarding the minimum interest rate for loans, which is fixed at 0.35%, it is noted that this term, in relation to the interest rate, applies to all loan agreements concluded between the banks participating in the Program and the eligible investors. . It is clarified that the interest rate may, as the case may be, be higher.

The credit institutions participating in the lending arm of "Greece 2.0" are: European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), National Bank, Piraeus Bank, Alpha Bank, Eurobank, Optima Bank and Pancretan Bank.

It is pointed out that in the near future, a new call for expressions of interest is expected to be issued for participation in the Recovery and Sustainability Fund of more banks.

The five pillars
It is noted that the first 500 million euros, concerning the loan arm of "Greece 2.0", will be managed by the European Investment Bank (EIB), supporting actions which fall under the following five pillars, which constitute the loan arm of the Recovery Fund:

1. Green transition,

2. Digital transformation,

3. Innovation, Research & Development,

4. Development of economies of scale through partnerships, acquisitions and mergers and

5. Extroversion.

EIB experts (experts in technical, financial and environmental matters) will evaluate the relevant investments, which will be financed by the Recovery and Sustainability Fund and from the Bank's own resources, on equal terms (pari passu).

It is recalled that the EIB will manage, in total, funds amounting to up to 5 billion euros, which can lead to investments of more than 10 billion euros, in the framework of "Greece 2.0", as provided by the relevant, at European level, agreement with the Ministry of Finance.

In total, the loan arm of "Greece 2.0", amounting to 12.7 billion euros, given the favorable interest rate on loans to companies, is estimated to lead to a significant increase in private investment in the coming years.

In particular, an investment plan may receive up to 50% of its investment costs from the resources of the Recovery and Resilience Fund, with a fixed interest rate of 0.35%, as stated in the relevant decision.

According to the Ministry of Finance, "the favorable interest rate brings to Greek companies a cost of money, which is competitive with large European economies. Therefore, a deterrent - until recently - factor for the implementation of investments is being normalized ".

[the count] 11/2/2022 16:33

--->NY BOY

Ah, now you tell me who you are. :-)

Yes, remember those days well. But have you changed your posting name?

And can you go a bit easy on the folk on this board too? :-) I have a couple of very good investing friends on here.

Yes, I hold these but I am a latecomer to this stock just following my mates with a nibble. So don't even think of buying a few based on the fact that I am in these as I am just a follower. But my average price is very low.

I too am optimistically waiting for positive news.

Economically, Greece is emerging from a nightmare period, and they are doing so with a bang so far. So I think this board's optimism is well founded, although no guarantees in this game.

Drop me a line if you wish.

Regards,

TC!

[daicaprice] 11/2/2022 16:20

On the 2nd San Miguel in Cardiff for the rugby, not expecting much out of that if I’m honest but it’s a weekend away.
See you all Monday afternoon, have a great weekend.

DC

[ny boy] 11/2/2022 15:03

Hey The Count, how are you, are you in these, if so I might have to buy! Still remember the good old drinking days at Janet’s Bar in the 90’s!

In Asia for the winter, but planning a trip around Southern Europe this Spring, addicted to the Greek Islands!

No idea mate, depends how much stock they have, can still buy a small amount of 500k

[sandcrab2] 11/2/2022 14:00

Oi Scotty, what’s happened to Yorgi these days?
Disappeared both from here and on Vast

[wi1l] 11/2/2022 12:29

Greece Sees Investment Boom in Luxury Resorts and Branded Hotels



Despite the ongoing Covid-19 pandemic, Greece is seeing a good number of local and international players investing in the hospitality sector.

According to the latest report released by GBR Consulting and announcements by hotel enterprises, a number of new entries are expected in the Greek tourism scene following transactions and developments in the hospitality sector.

The Greek hospitality sector also expects the opening of luxury resorts throughout the country as well as branded hotels in Athens and the Greek islands in 2022 and beyond.

Crete
– Through an electronic auction process conducted by the Hellenic Republic Asset Development Fund, REDS SA, a subsidiary company of the Ellaktor group, emerged as the highest bidder (40.2 million euros) for the development of a property at the former American base in Gournes, Heraklion,Crete.

The property concerns a coastal area of 345,567 sqm. REDS is planning for the development of hotels (4 and 5-star), conference-exhibition centre, holiday homes, shopping malls, marina, helipad and other uses.

REDS is also proceeding with the investment of the Cambas Park at the former winery Cambas in Pallini, Athens. The park will include areas of entertainment, culture, catering, shopping malls, offices, as well as hotels on a plot of 315 acres. The investment is budgeted at about 200 million euros.

– In November 2021, the Sani/Ikos hotel group announced the development of a 5-star resort in the area of Kissamos in Chania, Crete, after finalizing land purchases, resulting in a total area of 200,000 sqm. The all-inclusive 5-star resort will carry the name Ikos Kissamos and will offer 400 rooms, bungalows and villas on a beach front of 600 meters. The construction of the new hotel will start in 2023 and it is estimated that operations will start in May 2025. The total investment is budgeted at around 125 million euros.

[the count] 11/2/2022 11:00

--->NY BOY

How is anyone going to readily buy 5M+ and 10M+ blocks of shares in a highly illiquid minnow of a stock?

TC!

[ny boy] 11/2/2022 10:26

Can still buy 500k online @ 1.026, plenty of shares around, need substantive buying in blocks of 5M+,10M+ to make any difference, I’ll keep an eye out when these types of trades start appearing.

[finster007] 11/2/2022 09:46

Thanks Waterloo. Would rather wait and get something of substance

[tim000] 11/2/2022 09:16

Waterloo, I think initially you thought there would be an RNS last week. If it were just confirming that the DL had gone on the statute then there would be no reason for delay. Now it’s next week. That does suggest something more substantive. But there’s no point on us setting irrelevant deadlines, news will come when the company has something to report. In the current business climate for Greece, it should be positive.