With a strong capital profile, which is estimated to allow it to absorb any shocks in the market due to inflation, the general insurance company INTERLIFE AAEGA continues its course in 2022, as it was pointed out last night, on the occasion of its annual general meeting, in which all the items on the agenda were unanimously approved, including the distribution of a dividend of 0.12 euros / share from the profits of 2021, equal to last year.
The company, based in Thessaloniki, maintains a liquidity of 75 million euros, while its premium production in the first five months of 2022 “closed” with an increase of 6% -7%. The automotive sector continues to move upwards, but the growth in other sectors is even greater: in 2021 the share of the automotive sector in total premium production was 56%, compared to 44% for other sectors and now tends to 50% -50 %, with projected shares of 53% (IX) and 47% (other sectors) for 2022. The health sector is also profitable.
Professor Drimbetas: Inflation is not a cyclical phenomenon
Evangelos Drybetas, Dean of the School of Political and Economic Sciences at the Democritus University of Thrace, expressed the assessment that inflation is not a cyclical phenomenon, but something that will bother us for several more years, during his speech at the open part of the general assembly. Vice President of Interlife AAEGA.
He described inflation as an insidious enemy that “gnaws” on income, hurts competing industries and helps those with monopolies.
He added that while the central banks are raising interest rates and reducing the money supply, this “medicine” is often dangerous, as it limits the possibilities of financing the economies and increases the difficulties of debt management, public and private.
He added that Greece has no choice but to follow the path of high growth rates, utilizing its high quality human resources: “Foreign investment does not come to Greece for cheap labor or for some special natural resource, but because the “If the country has high quality human resources at an exceptional cost, if there is one thing we need to support our development in the coming years, it is our children’s minds and by investing in them we can ensure competitiveness and growth,” he said.
Regarding the war in Ukraine, he stressed that “it is perhaps the end of the delusion of geopolitical stability, where we considered that we had to deal only with minor conflicts of regional nationalism or religious fundamentalism. “by the vast majority of Western-style democracies that have condemned the Russian invasion and imposed sanctions,” he said.
St. Kalafatis: The economy maintains strong momentum despite the pressures
The strong dynamics maintained by the Greek economy, despite the intensifying international pressures, was underlined by the Deputy Minister of Interior (Macedonia-Thrace), Stavros Kalafatis. “The fact that we had GDP growth of 7% in the first quarter of 2022, compared to the corresponding quarter of 2021 – well above the European average – is a very positive development. It proves that the Greek economy, despite the We are not facing a Greek problem, but a global problem, and we are exhausting every opportunity, on the one hand to support households and businesses and on the other hand to take advantage of the opportunities. bring her choice to immediate priority
Greece on the one hand to invest in Renewable Energy Sources and on the other hand to contribute to Europe’s energy dependence on Russian fuels. To ensure the energy adequacy of the country and to become as soon as possible a hub for the transportation of natural gas from the Middle East and the Eastern Mediterranean to the Balkans and Southeastern Europe “, noted Mr. Kalafatis and added that in the context of this effort Northern Greece plays decisive role.
As he said, the goal of the government is to reposition Thessaloniki, Macedonia and Thrace on the map of the wider region and important steps have already been taken in this direction: indicatively he mentioned the development of a digital innovation hub in the region and the installation of investments by giant companies. , such as Cisco, Deloitte, Pfizer and Microsoft, which “holistically” assessed the investment environment, assessing the potential of the region, quality of life, human resources, geopolitical position and security.
He added that development nuclei are also being created in Eastern Macedonia and Thrace. “In Alexandroupolis, investments totaling 400 million euros, related to liquefied natural gas facilities, radically change the present and, above all, the future of the place. There are similar development prospects in Western Macedonia, where the government has given priority to “Reducing the country’s carbon footprint through the implementation of innovative green policies – a project that will reach 7.5 billion euros,” he stressed.
Source: AMPE
Source: Capital
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