Greece Real Estate – Greek Homes http://greekhomes.info/ Thu, 21 Oct 2021 08:50:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://greekhomes.info/wp-content/uploads/2021/04/default.png Greece Real Estate – Greek Homes http://greekhomes.info/ 32 32 Greek restaurants pay high 30% commission on food delivery apps http://greekhomes.info/greek-restaurants-pay-high-30-commission-on-food-delivery-apps/ http://greekhomes.info/greek-restaurants-pay-high-30-commission-on-food-delivery-apps/#respond Wed, 20 Oct 2021 12:24:44 +0000 http://greekhomes.info/greek-restaurants-pay-high-30-commission-on-food-delivery-apps/ Restaurant owners are forced to pay unreasonable commissions to delivery platforms. Credit: Julia Justo / Wikimedia Commons The commissions paid by Greek restaurateurs to electronic delivery platforms are among the highest in Europe. It’s a well-kept secret in the Greek restaurant business, and it seriously affects their income. By offering more than 30% of their […]]]>

Restaurant owners are forced to pay unreasonable commissions to delivery platforms. Credit: Julia Justo / Wikimedia Commons

The commissions paid by Greek restaurateurs to electronic delivery platforms are among the highest in Europe. It’s a well-kept secret in the Greek restaurant business, and it seriously affects their income.

By offering more than 30% of their profits on every dish delivered through an online delivery platform, Greek restaurants are practically making platforms their unwitting business partners.

According to restaurateurs, the base commission fee charged by the platforms is 27% of the price of any entry. Add to that the 24% VAT charge on that same 27%, and you get a total of about, or more, 30%. And that’s just for the basic use of the online delivery service.

If the restaurant does not have its own delivery fleet, the platform offers its vehicles in addition. Commission fees are not the same in all areas. The price of docks increases if the area served has a higher standard of living.

In Kifissia, for example, the charges are higher than in Peristeri. Kifissia is a northern suburb of Athens, where property prices are among the highest in the country. Peristeri, on the other hand, located in the western part of Athens, has cheaper real estate.

Unbearable delivery app commission fees in Greece

But the commission fees are generally much higher than the 30% charged by the platform to deliver the restaurant’s dishes. There is also an “extra promotion” fee, which ensures the restaurant appears in the top spots on the platform.

Refuse to pay for this and your restaurant will be at the bottom of the users list when they open the online platform to order. The commission percentage is determined by both the area you serve and the height of your business listing.

It’s like Google’s results, but regulated, instead of being determined by bot algorithms. The “extra promotion” costs usually increase even more, if the restaurant wishes to include premium placement, discount offers, recommended dishes, and so on.

The two most popular electronic delivery platforms in Greece are efood and Wolt. Due to containment restrictions linked to the pandemic, the profits of the former were nearly 23.5 million euros higher in 2020 than in 2019.

This growth is attributable to the increase in take-out orders. As a result, efood’s commission income increased by € 13.4 million in 2020, to € 46,143 million. Add to that an additional 5.3 million euros for ‘extra promotion’ costs and you realize why efood ended up being the ultimate success story of 2020.

Liquor stores, supermarkets, bakeries, butcher’s deliveries

Even before the pandemic, electronic delivery platforms had been very successful. With lockdown restrictions, they’ve improved their game, also incorporating delivery services from liquor stores, supermarkets, butchers, fishing, and bakery.

Restaurant owners now find themselves in an impossible situation. They need electronic delivery platforms to grow their businesses, but they feel trapped by the huge cost of doing business this way. Most are furious with the platforms, but remain silent for fear of losing their traffic.

Despite its rapid growth, efood found itself in the midst of a labor dispute controversy last month. After texting 115 of their employees urging them to become self-employed, social media users were outraged.

In less than a day, efood’s online reviews went from 4.5 stars to 1. Many users removed the app from their devices and the company was forced to resume texting. They apologized, saying it was a “communication error” on their part.


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Keller Williams Records Record Increase in Sales Outside US and Canada http://greekhomes.info/keller-williams-records-record-increase-in-sales-outside-us-and-canada/ http://greekhomes.info/keller-williams-records-record-increase-in-sales-outside-us-and-canada/#respond Tue, 19 Oct 2021 19:00:00 +0000 http://greekhomes.info/keller-williams-records-record-increase-in-sales-outside-us-and-canada/ AUSTIN, Texas – (COMMERCIAL THREAD) –Keller williams (KW), the world’s largest real estate technology franchise by agent count, continues to grow rapidly across the globe. As of September 30, KW had more than doubled its sales volume outside the United States and Canada to $ 8.6 billion, up 112.9% from the same period of 2020. […]]]>

AUSTIN, Texas – (COMMERCIAL THREAD) –Keller williams (KW), the world’s largest real estate technology franchise by agent count, continues to grow rapidly across the globe. As of September 30, KW had more than doubled its sales volume outside the United States and Canada to $ 8.6 billion, up 112.9% from the same period of 2020.

“We are delighted to report more exponential growth across the world,” said William E. Soteroff, president of Keller Williams around the world, the international division of KW. “As agents in our more than 50 regions around the world continue to expand their market share, they are funding bigger lives for their families. ”

“And we will continue to support their important efforts in serving their clients through our industry-leading training, coaching, service and technology,” said Soteroff.

Keller Williams’ global momentum (production outside US and Canada YTD ’21)

  • Keller Williams Worldwide (KWW) has more than 14,089 agents (excluding US and Canada), up 23.1% compared to the same period 2020.

  • Agents have closed 44,702 transactions since the start of 2021, up 69.3% from the same period in 2020.

  • Agents closed sales volume of $ 8.6 billion in 2021, up 112.9% from the same period in 2020.

The momentum continues with the award by KW of a new master’s degree in Suriname. Led by Regional Operations Manager Chantyn Raghoebarsingh-Ramdas, KW Suriname is currently initializing operations.

Since 2011, Raghoebarsingh-Ramdas has held various management positions as a commercial and multi-unit real estate developer. In November 2021, KW Suriname is expected to open its first market center.

“We are delighted to announce that we are in business with Chantyn, a remarkable new leader who will build and embody our strong culture in Suriname,” said Soteroff. “Chantyn and her core management team fully understand the enormous opportunity before them and have a bold vision. ”

“What sets KW apart is the KW family. The training, tools and support for agents and the way the brand takes care of agents is something we haven’t seen in other companies, ”said Raghoebarsingh-Ramdas. “I’ve worked with many organizations over the years, and the fluidity of working with KW tells me it’s the perfect cultural match.”

KWW is currently exploring new expansion opportunities in Africa, Central and South America, Central and Eastern Europe and throughout Asia.

The basic criteria for new licensees begin with having a qualified management team rooted in the Keller Williams culture; the company also strives to ensure the stability of government, banking and judicial systems and a higher level of maturity for a real estate market.

Outside of the United States and Canada, KWW regions include: Albania; Argentina; Aruba; Belgium; Belize; Bermuda; Cambodia; Chile; Colombia; Costa Rica; Czech Republic; Cyprus; Dominican Republic; Dubai, United Arab Emirates; France; Greater Shanghai, China; Greece; Honduras; Indonesia; Ireland; Israel; Italy; Jamaica; Japan; Luxembourg; Malaysia; Mexico; Monaco; Mongolia; Morocco; Nicaragua; Panama; Paraguay; Peru; Philippines; Poland; Portugal; Porto Rico; Romania; Serbia; Slovenia; South Africa; Spain; Suriname; Thailand; Trinidad and Tobago; Turkey; Turks and Caicos Islands; UK; Uruguay; and Vietnam.

About Keller Williams

Austin, Texas-based Keller Williams, the world’s largest real estate technology franchise by agent count, has more than 1,080 offices and 195,000 associates. The franchise is also # 1 in units and sales volume in the United States. kwx is the holding company of Keller Williams.

In 2020, Keller Williams initially started forming kwx, consisting of Keller Williams, Keller Williams Worldwide, Keller Offers, Keller Manage and Keller Home Financial Services, consisting of Keller Mortgage and Keller Covered.

Since 1983, the company has cultivated an agent-centric, technology-driven, and education-based culture that rewards agents as stakeholders. For more information, visit kwx.kw.com.


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Chinese GDP growth slows as real estate and energy wreak havoc http://greekhomes.info/chinese-gdp-growth-slows-as-real-estate-and-energy-wreak-havoc/ http://greekhomes.info/chinese-gdp-growth-slows-as-real-estate-and-energy-wreak-havoc/#respond Mon, 18 Oct 2021 18:46:00 +0000 http://greekhomes.info/chinese-gdp-growth-slows-as-real-estate-and-energy-wreak-havoc/ Volkswagen, the market leader in China, said on Friday that production was on the decline as the company faced a shortage of chips and other supply chain issues. The company does not have enough cars to fill customer and dealer orders, creating a backlog. “Our priority is to reduce our order backlog,” said Stephan Wöllenstein, […]]]>

Volkswagen, the market leader in China, said on Friday that production was on the decline as the company faced a shortage of chips and other supply chain issues. The company does not have enough cars to fill customer and dealer orders, creating a backlog.

“Our priority is to reduce our order backlog,” said Stephan Wöllenstein, general manager of the China division of Volkswagen.

For months, economists have made the same prediction: China’s rapid export growth cannot last.

The economists were wrong.

China’s exports continued to climb in the third quarter and ended strong, up 28.1% in September from the same month last year. China posted its third-highest monthly trade surplus on record last month.

China has essentially maintained its strength in exports since its economy emerged from the pandemic in the spring of last year. While much of the world has curled up in their homes, families have splurged on consumer electronics, furniture, clothing and other goods that China manufactures in abundance.

The export boom, however, creates another source of tension between the United States and China.

Katherine Tai, the United States’ trade representative, suggested in a speech two weeks ago that China’s export prowess was in part the result of subsidies and other unfair practices. “For too long, China’s lack of adherence to global trade standards has undermined the prosperity of Americans and others around the world,” she said.

But Chinese officials and experts argue that the country’s success is the result of a strong work ethic and substantial and substantial investment in the manufacturing sector. They are quick to point out that by firmly bringing the pandemic under control in a matter of weeks at the start of last year, China was able to quickly reopen its factories and offices.


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The Chavez Grant cheese factory in Maison-Fine (Cruise) needs Afghan workers http://greekhomes.info/the-chavez-grant-cheese-factory-in-maison-fine-cruise-needs-afghan-workers/ http://greekhomes.info/the-chavez-grant-cheese-factory-in-maison-fine-cruise-needs-afghan-workers/#respond Sun, 17 Oct 2021 15:48:35 +0000 http://greekhomes.info/the-chavez-grant-cheese-factory-in-maison-fine-cruise-needs-afghan-workers/ Habib is a shepherd in the mountains of Afghanistan. The marvelous landscapes he was forced to leave in the mid-2010s. Since 2015, the 28-year-old has worked as a versatile operator. Savacient, A cheese factory in Maison-Feyne with around 100 employees. “Everything is fine here, no problem,” he said with a smile, near the metal shelves […]]]>

Habib is a shepherd in the mountains of Afghanistan. The marvelous landscapes he was forced to leave in the mid-2010s. Since 2015, the 28-year-old has worked as a versatile operator. Savacient, A cheese factory in Maison-Feyne with around 100 employees. “Everything is fine here, no problem,” he said with a smile, near the metal shelves filled with freshly made cheeses. “I live with my family in Kurat. I got married in September “, Cruz seems to have found a new stability.

Premium Over sixty new people are welcome on the cruise (cruise)

Twenty Afghan refugees in Chavez

Hawab is one of some 20 Afghan workers employed by Chavez. An approach that began naturally in the mid-2010s Integration weekIt took place from October 11 to 15, 2021. A national event proposed by the government to promote the integration of new foreigners and in particular refugees.

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We want to show that welcoming newcomers to our territory is a win-win situation.

Virginie Dorby (Cruise President)

Refugees must “integrate within our national borders. This includes learning the language and our way of life, but to meet their needs through work, ”defended Cruz the state representative on Tuesday, October 12, 2021, who visited the Big Factory in Chavez, but also in Oceania. These twenty refugees were needed to make the factory work, and therefore to make Greece work. Because we know what Save Grant brings to the region.

Farid, a former U.S. military aide, has served Chavez since 2019.

Difficulties in recruiting

The point of view of the leaders of the company was confirmed. Mark Savage, the company’s technical director for Afghan workers, said: “Fortunately I have them, especially for production operator positions.

Refugees, I fully accept them. It is a shame to speak in bad words about those who have suffered. If we were in their case, we would be very happy to have the house

Mark Savagerant (CTO of SavageGrant)

Focus on “long-term” integration

With his heart beating from the deportation, Farid still benefits from it on a daily basis. The 34-year-old has worked at Chavez since 2019. He has been separated from his relatives since the mid-2010s. The former US military employee is worried about his family. My family members stayed in Afghanistan. They have problems because they are working with the government. My wife is in Iran. I want them to come too, ”he said.

This is a subject that the constitutional authority does not want to highlight in the context of integration week. As Virginie Darbull reminds us: “For two years, three years, five years, we have dealt with the fundamental and long-term question of the integration of people there.

Premium Busy for school for food aid on the cruise

Text: François Deloitte

Photos: Bruno Barlier


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Cyprus revokes 45 gold visas following last year’s scandal http://greekhomes.info/cyprus-revokes-45-gold-visas-following-last-years-scandal/ http://greekhomes.info/cyprus-revokes-45-gold-visas-following-last-years-scandal/#respond Sat, 16 Oct 2021 08:12:40 +0000 http://greekhomes.info/cyprus-revokes-45-gold-visas-following-last-years-scandal/ Cyprus will cancel 45 of its “golden visas” which have been found to be corrupt. Credit: public domain The Cypriot government announced on Friday that it would revoke the citizenship of 45 foreign investors and their relatives who acquired Cypriot passports through the country’s corrupt “golden visa” program. The decision was made after an independent […]]]>

Cyprus will cancel 45 of its “golden visas” which have been found to be corrupt. Credit: public domain

The Cypriot government announced on Friday that it would revoke the citizenship of 45 foreign investors and their relatives who acquired Cypriot passports through the country’s corrupt “golden visa” program.

The decision was made after an independent investigation into the program advised revoking citizenship of around 102 cases, government spokesman Marios Pelekanos said.

“The cabinet has decided to start the revocation process for 39 investors and six members of their families,” Pelekanos said in a statement.

Cabinet will review six more cases and closely examine 47 others, he added.

Former Supreme Court Justice Myron Nikolatos headed an independent committee that examined the practice of issuing what became known as “golden visas” between 2007 and 2020.

The committee concluded that there was “criminal and political” guilt and that the program was a citizenship by investment program.

“It is evident that the Cypriot investment program was operating between 2007 and 2020 with gaps and loopholes, an inadequate legislative framework and almost no regulatory framework,” Nikolatos told reporters this summer.

A scathing report found that more than half of the 6,779 passports granted under the program were issued illegally.

Cypriot government implicated in Golden Visa scandal

The country abruptly stopped issuing Golden Visas when the news broke in a press article by Al Jazeera in 2020. Cyprus had spent years denying that the system was being used by criminals, mainly money launderers, to buy legal residence in the country.

The Golden Visa program was based on the premise that applicants would obtain residency after investing $ 2.5 million in real estate in the country. The money was desperately needed after the country’s economy nearly suffered a total collapse in 2013.

The Al Jazeera one story, titled “Cyprus Papers Undercover”, stated that there was blatant corruption at the highest levels of the Cypriot government while reporting that Cypriot President Nicos Anastasiades had repeatedly argued that the program was appropriate and that others governments had an even worse record in granting citizenship to such individuals.

The report even named officials they said were complicit in the scheme, including Speaker of Parliament Demetris Syllouris and Member of Parliament Christakis Giovanis, who is also one of Cyprus’s biggest property developers.

A mine of more than 1,400 documents leaked to the press led to the writing of history. The documents reportedly showed that Cyprus knowingly violated citizenship laws in order to grant golden visas to convicted felons and fugitives from justice.

The clear allegations of fraud are an embarrassment for the entire Golden Visa program, which involves many European countries, including Greece.

In addition to those already mentioned, Cypriot lawyers and other officials have also been implicated in corruption, according to the Al Jazeera which alleged that in many cases no investigation had been carried out into the applicants’ criminal history.


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Los Angeles mansion with fireplace in pool asks for $ 22.5 million http://greekhomes.info/los-angeles-mansion-with-fireplace-in-pool-asks-for-22-5-million/ http://greekhomes.info/los-angeles-mansion-with-fireplace-in-pool-asks-for-22-5-million/#respond Thu, 14 Oct 2021 16:03:00 +0000 http://greekhomes.info/los-angeles-mansion-with-fireplace-in-pool-asks-for-22-5-million/ A Los Angeles mansion with 10 fire features, including a pool fireplace that shoots flames, is hitting the market for $ 22.5 million. Located on the border of Holmby Hills and Bel-Air, the approximately 13,000 square foot home was built by real estate developer Oren Hayun for his family. The project was recently completed, but […]]]>

A Los Angeles mansion with 10 fire features, including a pool fireplace that shoots flames, is hitting the market for $ 22.5 million.

Located on the border of Holmby Hills and Bel-Air, the approximately 13,000 square foot home was built by real estate developer Oren Hayun for his family. The project was recently completed, but Mr Hayun said he, his wife Erin Hayun and their two children had never moved in. “Given the nature of the market, he said, we are selling it.”

In Los Angeles County, the inventory of single-family homes available over $ 5 million is down 30% year-over-year, according to Douglas Elliman. “There is pent-up demand in the pool of buyers,” said Marcy Roth, agent for Douglas Elliman, who has the list with his colleague Fredrik Eklund.


Fire away

A home for sale in Los Angeles has 10 fire characteristics.

An indoor-outdoor living space.

Nils timm

1 in 10


Mr. Hayun bought the site for $ 3.74 million in 2017, according to the records.

Because he expected to live there himself, Mr. Hayun said, he improved the design and equipment. The seven-bedroom house has a gym as well as indoor and outdoor theaters. The utility room doubles as a pet spa, and the master bath has an approximately 620 pound cast iron tub. There are artist-commissioned lightings imported from Greece and Spain, and a through window between the kitchen and dining room is period mesh glass.

In the kitchen, Mr. Hayun has installed a custom Aga stove and wireless chargers are built into the kitchen island, which is made from a sharp-edged walnut plate, he said. The master bedroom has a fireplace covered with hand-carved lava stone from Mount Vesuvius in Italy.

The house has a three story water wall.


Photo:

Nils timm

One of the main features of the house is a three story wall of water that flows from the top floor of the house to the basement.

Features of the fire include four fireplaces and six fireplaces, including one in the pool that shoots low flames from the water. The pool area also has an outdoor kitchen and a sunken dry lounge with a beer tap.

In the past, Mr. Hayun has developed an approximately 10,000 square foot home in Encino which he said he sold to singer Kelly Clarkson for $ 8.5 million in 2018, according to the records. Also in Encino, he built a 9,500 square foot home that he sold for $ 6.4 million in 2017.

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Appeared in the October 15, 2021 print edition under the title “This LA Mansion Has a Flame-Throwing Pool”.


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Newmark: SB Real Estate Partners acquires multi-family community in Mesa, Arizona for $ 24.3 million http://greekhomes.info/newmark-sb-real-estate-partners-acquires-multi-family-community-in-mesa-arizona-for-24-3-million/ http://greekhomes.info/newmark-sb-real-estate-partners-acquires-multi-family-community-in-mesa-arizona-for-24-3-million/#respond Wed, 13 Oct 2021 18:42:09 +0000 http://greekhomes.info/newmark-sb-real-estate-partners-acquires-multi-family-community-in-mesa-arizona-for-24-3-million/ October 13, 2021 9:00 AM Newmark Knight Frank (“Newmark”) announced that it has completed the sale of Renew 3030, a 126-unit multi-family community in Mesa, Arizona, for $ 24.3 million. Managing Director of Newmark Chris Canter, Chairman and CEO Brett Polachek and executive director general Brad goff represented the vendor, FPA Multifamily. The buyer was […]]]>

October 13, 2021 9:00 AM

Newmark Knight Frank (“Newmark”) announced that it has completed the sale of Renew 3030, a 126-unit multi-family community in Mesa, Arizona, for $ 24.3 million. Managing Director of Newmark Chris Canter, Chairman and CEO Brett Polachek and executive director general Brad goff represented the vendor, FPA Multifamily. The buyer was SB Real Estate Partners.

Renew 3030 is a 5-building, 126-unit garden apartment community set on 4.59 acres of land. Built in 1985, about half of the units have been renovated to include black appliances, faux wood flooring, and updated lighting and plumbing fixtures. The property’s attractive unit mix includes 18 one-bedroom / one-bath units and 108 two-bedroom / two-bathroom units, averaging 773 square feet. Washers and dryers are present in each unit.

“Renew 3030 presents an ideal value-added strategy, with approximately 50% of the property yet to be renovated,” Canter said. “The continuation of the renovation program will allow the new owner to increase rental rates while modernizing the remaining units and gaining market share.

The property’s location in the much sought after South East Valley provides excellent access and visibility along the busy Broadway road. The community is surrounded by several employment hubs such as Falcon Field, Downtown Mesa, the Fiesta District, Price Road Technology Corridor, and downtown Tempe. There are over 150,000 jobs within a 20 minute commute. Major employers nearby include Boeing, MD Helicopters, Banner Health, GoDaddy, Orbital Sciences, City of Mesa, Mesa Community College, County of Maricopa, and Drivetime Automotive Group.

Renew 3030 offers many transportation options. It is located less than 2 miles from the US-60 Freeway, and public transportation is available right next to the property. METRO’s Gilbert Road light rail station is just a two-mile drive from the property and has a park and ride, providing residents with another transportation option to Tempe, Phoenix Sky Harbor International Airport, the downtown Phoenix and beyond.

Greater Phoenix’s multi-family housing segment has proven its worth over the past year due to strong population and employment growth and a supply / demand balance. According to a report by Newmark Research, Phoenix has experienced remarkable growth in effective multi-family rent of 5.4% over the past year. As a result, investors flocked to the Phoenix multi-family market, with a 13.7% increase in multi-family sales volume over the previous five-year average. With strong real estate indicators despite the challenges induced by the pandemic and the outperformance of the Sunbelt markets, Phoenix should continue to experience economic growth and will remain a prime target for multi-family investors.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), along with its subsidiaries (“Newmark”), is a global leader in commercial real estate, seamlessly fueling every phase of the property lifecycle. Newmark’s full suite of services and products are uniquely tailored to suit every client, from owners to occupants, investors to founders, and startups to blue chip businesses. Combining the platform’s global reach with market intelligence in established and emerging real estate markets, Newmark provides superior service to clients across the industry. Newmark generated revenues of over $ 2.2 billion for the twelve months ending June 30, 2021. The offices owned by the Newmark company, as well as its business partners, operate from more than 160 offices with approximately 6,200 professionals worldwide. To learn more, visit nmrk.com or follow @newbrand.

Discussion of forward-looking statements regarding Newmark
Statements contained in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements regarding the effects of the COVID-19 pandemic on the business, results, financial condition, liquidity and prospects of the Company, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, perhaps materially, from what is currently expected. Except as required by law, Newmark assumes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in forward-looking statements, see Newmark’s Securities and Exchange Commission documents, including, but not limited to, the risk factors and the special note on Forward-looking information set out in these documents and any updates to these risk factors and the special note on forward-looking information contained in subsequent reports on Form 10-K, Form 10- Q or Form 8-K.



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Greek tech group Intracom accepts sale of IT co Intrasoft http://greekhomes.info/greek-tech-group-intracom-accepts-sale-of-it-co-intrasoft/ http://greekhomes.info/greek-tech-group-intracom-accepts-sale-of-it-co-intrasoft/#respond Tue, 12 Oct 2021 07:52:00 +0000 http://greekhomes.info/greek-tech-group-intracom-accepts-sale-of-it-co-intrasoft/ SOFIA (Bulgaria), Oct.12 (SeeNews) – Danish IT consultancy firm Netcompany has unveiled an agreement to acquire European IT solutions and services provider Intrasoft International SA from a unit of Greek technology group Intracom Holdings in the part of an enterprise value agreement of 235 million euros ($ 271.7 million) debt-free. “By acquiring Intrasoft, we are […]]]>

SOFIA (Bulgaria), Oct.12 (SeeNews) – Danish IT consultancy firm Netcompany has unveiled an agreement to acquire European IT solutions and services provider Intrasoft International SA from a unit of Greek technology group Intracom Holdings in the part of an enterprise value agreement of 235 million euros ($ 271.7 million) debt-free.

“By acquiring Intrasoft, we are better positioned and empowered to play a vital role in helping European governments, businesses and institutions in their efforts to take full advantage of digitization,” said Netcompany CEO Andre Rogaczewski in a press release issued earlier in October. .

Founded in 1996, Intrasoft has more than 2,800 employees in 13 countries, including Belgium, Bulgaria, Cyprus, Denmark, Greece, Jordan, Kenya, Luxembourg, Romania, RSA, United Kingdom, the United Arab Emirates and the United States. The Luxembourg company recorded 197 million euros in revenue and 18 million euros in EBITDA in 2020.

The sale is carried out through the subsidiary of the Greek group Intracom Technologies. The total amount of the transaction includes 217 million euros in cash and 18 million euros in Netcompany shares.

The transaction is based on certain separation activities between Intrasoft and Intracom Technologies. Completion is expected in the fourth quarter of 2021.

Intracom Holdings is the parent company of a group specializing in high-tech IT solutions and services, advanced defense electronics, construction, real estate and renewable energy. Apart from Intrasoft International, the main companies of the group are: IDE (Intracom Defense), construction company Intrakat and real estate company Intradevelopment. The company’s shares last closed at 2.14 euros in Athens, implying a market cap of around 162.6 million euros.

($ = 0.8648 euros)


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democracy without political parties | Scoop News http://greekhomes.info/democracy-without-political-parties-scoop-news/ http://greekhomes.info/democracy-without-political-parties-scoop-news/#respond Sun, 10 Oct 2021 22:03:00 +0000 http://greekhomes.info/democracy-without-political-parties-scoop-news/ Monday, October 11, 2021, 11:03 a.m.Item: Irradj sebghati Democracy is not just going to the polls The cause of so many wars, chaos and calamities in the world is due to the rule of monopolies, corporations and oligarchs, who, under the name of democracy and through the use of political parties, established and maintained their […]]]>

Democracy is not just going to the polls

The cause of so many wars, chaos and calamities in the world is due to the rule of monopolies, corporations and oligarchs, who, under the name of democracy and through the use of political parties, established and maintained their rules and privileges as well as the old Status Quo. It can be changed and replaced by real democracy, that is, real democracy.

The cry for democracy, which is heard all over the world, raises the question: is there a democracy in the world? Democracy as they say, is supposed to come from Greece and literary consist of two words: Demos (people) and Cracy (rule, manage), ie the people rule. Is there such a thing anywhere in the world? The truth is that; there was no democracy in this sense neither in ancient Greece nor in our time in the world. What democracy in Greece is propagated, was in the power of a small group of intellectual elites (elite oligarchy), sins neither women (half of the population) nor the Slave had the right to vote or no participation rights.

To have an elderly and experienced person participate and vote as a leader, had existed in antiquity not only in Greece but all over the world and especially in small communities, tribes and city-states, in this they chose their leader mainly among the military, intellectuals and experienced elites.

However, what is propagated in the West as the domination of democracy is only to participate and confirm the candidates previously selected by the political parties.

In the so-called Western democracies similar to ancient Greece, the system in power is not a democracy in the sense above, but it is an oligarchy, more exactly a “monetary oligarchy”.

From the point of view of economic development, we have made a lot of progress for centuries and now we are in the fourth age of industrial development, social development, participation and integration of people, we are still in the period feudal, which can be seen in our social structure. In this regard, the situation in relation to the feudal period has not changed, so that we can call our time “period of industrial feudalism” and masters and rulers as “industrial lords and barons”. The industrial lords and barons consist of a group of owners of corporations, businesses, banks, monopolies and money oligarchs, who constitute the ruling elite and the ruling class.

The industrial lords make up only one percent of the population, but they own most of the wealth of the country and with their wealth and money they buy political power in the country and control and influence it.

The oligarch of money, as in feudal times, rules over the majority of people through the power of their property and money. In feudal times, landowners, kings, princes, counts and barons ruled over the masses due to their possession of land and fields. The majority of the masses to survive, had no choice but to work for the feudal lords as slaves or serfs. In the industrial age, ownership moved from simple fields to businesses, industrial plants, corporations, banks, stocks and real estate, and just like in feudal times, into the hands of a few. -a.

The possession of industrial barons is not restricted in their own country, but has reached global dimensions with astronomical concentrations of wealth, so that 50 percent of the world’s wealth belongs to this percent of industrial barons, which they brought power to global dimensions. In comparison, the barons of the feudal era had a small estate and acres with at most a few thousand vassals or serfs, who had worked for them, but for the industrial barons and oligarchs money worked millions and millions of people around the world. work as “slaves of voluntary work”

The barons of industry, thanks to their financial power, found and support political parties, thus strengthening their political and economic interests. By using their political parties, they gain political power for themselves or for their own representatives and henchmen. This is why in all the parliaments and government bodies of the so-called democracies sit at most exclusively oligarchs or their henchmen, who have been promoted to power by the political parties they have established, which can in no way be a true representative of the people.

Democracy through political parties at least has the advantage that the ruling oligarchs do not go to war with each other, as the landlord did in the Middle Ages to get more land and wealth, but in existing democracies the industrial barons are rather going to war against each other, they have established and accepted a basic law to play democracy, that is to say play this game: once this political party (for example the Democrats) another times the other party (eg conservatives) takes power and decides the fate of countries and peoples.

The system of democracy by political parties does not allow the people to have a say or to control the power of the ruling elites. The people can go to the polls once and vote for the candidates selected and nominated by the political parties before, which means; confirm their elected candidates, after which the people have nothing more to say and only have to obey. Participating in a poll and voting democratically means choosing someone as a mandate without the possibility and the right to revoke it. It is a unilateral right and does not give the voter the right, whether or not his mandate turns out badly according to his interests and his objectives, to be able to withdraw it, which is and must be the case by each contract. and mandate.

The current democracy only maintains the existing status quo and secures the dominance of the money oligarchs and industrial lords. The greatest danger of today’s democracy is that it offers extremist, racist and misanthropic groups the opportunity to take power, as has often happened around the world.

True democracy can only be established without the domination of political parties through a pluralist administrative structure, in which everyone has the opportunity to participate in his own interest and that of his country and has the right to speak. To do this, we have to build the administrative structure, instead of a pyramid from top to bottom, to establish it in an inverted pyramid construction i.e. from bottom to top.

This can be achieved in a fallow federal government system:

1- The lowest level of the administrative structure is the municipality (village), which functions as a municipal autonomy. The inhabitants elect a municipal council according to the number of inhabitants and the elected representatives elect one of them as municipal councilor. The municipal council is part of the executive and will act within the framework of its powers.

2- The next administrative structure is the District Council, which consists of several municipalities (villages), which exercise self-administration in accordance with prescribed state and federal laws. The mandates of the district councils are chosen by law from among the mandates of the existing and elected municipal councils (communal councils) and transmitted to the district council. The members of the district council elect one of them as district president. The district council administers the district in accordance with prescribed federal and state laws.

3- The third administrative structure of the Vertical Hierarchy is the country (province). The administration of the province is the responsibility of the state parliament (provincial parliament). Half of the deportees are promoted from elected mandates from district councils to state parliament and the other half are recruited from towns and will be elected with the participation of political parties. The 50 to 50 percent can be changed and changed. Members of the state parliament elect one of them as prime minister, who is accountable with his cabinet to the state parliament. The state parliament can also pass laws in accordance with prescribed federal laws and within its jurisdiction everything else is determined by law.

4- The highest administrative level is the federal government, which is governed by the federal (national parliament). The deputies will be elected from among the elected members of the provincial parliament and sent to the national parliament. One of the members of parliament will be elected Prime Minister, who and his cabinet are accountable to parliament.

This system of direct and true democracy favors true representatives of the people in the councils and parliaments from the bottom up and gives the possibility to everyone to express themselves and to participate and in addition it saves the enormous costs of the elections and beyond. , the problems that always arise with elections, such as empty promises, frauds and populist slogans that are propagated before the elections, will no longer exist.

Democracy without dependency or subordination under political parties offers most people, from remote villagers to cities and the capital, the opportunity to vote and be elected to councils and parliaments.

The true democratic electoral and government system has abolished the role of oligarchs and industrial lords and prevents all influence, subordination and dependence on the oligarchs of money and their political parties. as is the case in all so-called democracies. The true democratic system will weaken or even eliminate the hegemony of the world powers and each country will be able to live independently and decide on its way of life and the type of government and can achieve any changes it wishes.

It’s a way to save the world

irsebghati@hotmail.com

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A “critical moment” for Toronto + a scorching September http://greekhomes.info/a-critical-moment-for-toronto-a-scorching-september/ http://greekhomes.info/a-critical-moment-for-toronto-a-scorching-september/#respond Sat, 09 Oct 2021 11:01:39 +0000 http://greekhomes.info/a-critical-moment-for-toronto-a-scorching-september/ In Toronto: September has been a big month, but a critical moment is coming as the lack of registrations pushes prices up. Elsewhere: Canadians are flocking east, can Biden get the funds for the housing he needs and what the Pandora Papers have revealed about real estate and billionaires. Toronto Toronto’s housing market had a […]]]>

In Toronto: September has been a big month, but a critical moment is coming as the lack of registrations pushes prices up.
Elsewhere: Canadians are flocking east, can Biden get the funds for the housing he needs and what the Pandora Papers have revealed about real estate and billionaires.

Toronto

Toronto’s housing market had a hot September (The Globe – Paywall)

There were 9,046 home resales in the Toronto area in September, down 18% from the same period last year. But it was the first month-over-month increase in activity since March, according to the Toronto Regional Real Estate Board, or TRREB. In the Toronto area, the average selling price of a home was $ 1,136,280, an 18% jump from September of last year. On a seasonally adjusted basis, the average price was 1.8% higher than in August.

Toronto housing market at ‘critical juncture’ as falling listings push up high prices (Financial post)

The board and other real estate organizations are calling on the government to take tougher measures to address supply shortages to alleviate scorching prices that keep many people out of the market and could hurt the market. longer-term savings. The average selling price in the Greater Toronto Area increased both month over month and year over year, although the number of sales was down 18% from the record result September 2020.

Toronto real estate faces significant slowdown, CMHC says (NOW)

According to CMHC’s latest housing market assessment, accelerating and overvaluing prices as home prices continue to rise above income levels is leaving the overall real estate market in Canada at a low. high degree of vulnerability. This means that Canadian real estate is poised for a major downturn with big consequences. And it is primarily Ontario’s vibrant real estate markets, such as Toronto and Eastern Canada, that are driving the entire country to the current high level of vulnerability.

Toronto city council postpones vote on rooming house legalization (SRC)

The current patchwork of rooming or multi-tenant house rules in Toronto predate the amalgamation. The new regulatory framework would have created a new multi-tenant house licensing by-law that would replace existing “fragmented” rules, apply city-wide wherever zoning permits, and harmonize standards. Tory said the merger took place over 20 years ago, but rooming houses are one of those issues that “divide this council along these old boundaries.” However, progress is slow, he said.

Canada

Hordes of Canadians moving east fuel ‘Atlantic revitalization’: RBC (Bloomberg)

More than half of them (55%) settled in Nova Scotia, making Halifax one of the fastest growing Canadian cities. During this time, 25 percent have migrated to New Brunswick. “The drop in the spread of COVID in the Maritimes has likely amplified the region’s appeal,” Freestone said in the note. “But relatively affordable housing was probably an even bigger draw, especially as house prices soared in already expensive parts of the country and more Canadians were able to work remotely.”

Questions on inflation, jobs and housing reveal US concerns about Canadian recovery (SRC)

Led by financier and former Democratic politician Roger Altman, members of the U.S. think tank posed probing questions about whether the housing bubble in Canada would have ripple effects on the global economy, as well as on the employment, inflation, commodity prices and the difficulty of moving. from a low interest rate regime to a regime without monetary stimulus. For Canadians who have heard Macklem’s point of view in the past, the answers were in some ways less revealing than the questions. But among the new things he passed on were fears that inflation might turn out to be more sustainable than expected and that the recovery in jobs might be slower.

What the end of the blind auction for real estate could look like (SRC)

“I think there are serious issues with the way we’re doing things right now,” said Murtaza Haider, professor of data science and property management at Ryerson University. Haider says ending blind auctions could impact house price volatility, but more importantly, “greater efficiency and transparency would bring more confidence to the industry, and that should be a priority. for the real estate sector “. In the last election, the federal Liberals made their position clear on the issue when they announced they would ban blind auctions as part of their housing program.

Housing crisis? What crisis? Canada has struggled to house people for decades (Financial post)

These words resonate today with most Canadians who are appalled by the rapid escalation in house prices and rents. But here’s the catch: They were written 55 years ago in Maclean’s magazine. The May 1967 issue of the magazine contained a detailed account of the deteriorating housing affordability in this country. “(The) idea of ​​a separate home for every middle-class Canadian family is pretty much extinct,” the story continues. “Suddenly, no one can afford it anymore. “

United States

Can Biden keep his promise to expand housing vouchers? (City laboratory)

Yet as Congress seeks to lower the $ 3.5 trillion price tag for Build Back Better legislation, housing activists and other leaders fear their agenda may be sacrificed to negotiate a compromise. A group of more than a dozen nonprofits known as the National Coalition of Housing Justice issued a letter calling on Congress to step up housing assistance against rumors of the cuts. New York Representative Ritchie Torres, who along with other progressives met with Biden earlier this week, circulated a letter to his colleagues seeking support for housing assistance, noting that “these investments could effectively end homelessness in the United States “.

House Democrats urge leaders to keep housing in reconciliation bill (The hill)

The financial services panel last month approved hundreds of billions of funds for repair and expansion of public housing, tax credits and incentives to increase the private supply of affordable housing and programs for payment assistance for new homeowners or aspiring low income homeowners. Those programs, however, are likely on the chopping block as House Democrats face tough choices about how to scale back their $ 3.5 trillion plan to win over moderate Democratic Sense Joe Manchin (W.Va.) and Kyrsten Sinema (Arizona).

A 1950s single-family home is now a rental complex and a vision for the future of California. (NY Times – Paywall)

The suburban dream that Ms. Coats’ family embraced has become the American housing system. Reforming it is the key to many existential problems, including reducing segregation and wealth inequalities or tackling urban sprawl and climate change (transport accounts for around a third of the country’s carbon dioxide emissions). But the process will be long and difficult, as single-family neighborhoods are the predominant way of life in the United States and homeowners benefit greatly from it.

InternationalI

Pandora Papers Secretly Reveals Big Foreign Funds Behind Some Prime Australian Real Estate (ABC)

Australian properties – including dairy farms in Tasmania, apartments in Sydney’s CBD and even a Hilton hotel – have been secretly bought by wealthy, sometimes controversial foreign figures, an ABC investigation has found. The money came from a corrupt Chinese steel tycoon, a political couple in Sri Lanka and a former oil executive, through opaque corporate structures. Each purchase involved multiple layers of offshore trusts and shell companies, making ownership nearly impossible to track.

Spain could offer monthly bribes of $ 300 to get adults out of their parents’ house (Quartz – Paywall)

Sánchez said he wanted young people “to have access to decent rental housing”. Spanish adults tend to leave their family’s home around the age of 30, almost four years later than the EU average, according to Eurostat. Young people from countries like Italy and Greece also tend to leave the family home around the age of 30. Like Spain, these countries also have relatively high NEET rates, i.e. young people who are neither employed, in education nor in training. Last year, 22.3% of Spanish adults aged 20 to 34 were not employed or enrolled in an education program, according to Eurostat, compared to 17.6% on average in the EU.

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