GREECE
Macro/Political:
- The Parliamentary Budget Office slightly revised its annual growth projection from 2.3% to 2.2% in 2025, citing heightened global uncertainty due to Trump’s tariffs and escalating tensions in the Middle East.
Source: Capital
- Greece will today auction 26 Weeks T-Bills with maturity December 29, 2025. The amount to be auctioned is EUR 500mn.
Source: PDMA
- PDMA announced the new bond auction calendar of the second half of 2025. The auction calendar is complementary to the 2025 funding program and aims to facilitate the operation of the GGBs secondary market. According to the calendar, the PDMA will proceed with bond auctions on the following dates:
July 16, 2025; September 17, 2025; October 15, 2025; and November 19, 2025.
Source: PDMA
Markets:
- The hotel group Sani/Ikos, through its affiliated company “Sani Single-Member S.A. for Development and Tourism”, won a public tender for the 99-year surface right to a state-owned property in Sani, Kassandra (North Section), covering an area of 642,280.42 square meters, for a total price of EUR 4mln. According to sources, the group plans to develop additional hotel accommodations on the site.
Source: Kathimerini print edition (25 June, pg.32)
- Alpha Bank announced that its indirect wholly owned subsidiary Alpha Bank Cyprus has entered into the definitive Business Transfer Agreement with Astro Bank for the acquisition of substantially the whole of AstroBank’s assets, liabilities and personnel. The purchase price at the completion of the Transaction is estimated at no less than EUR 205mn.
Source: ATHEX
