GREECE
Macro/Political:
- Opposition parties are increasing pressure on the government to call early elections following revelations of the new OPEKEPE scandal, which has surfaced shortly after the Tempe tragedy and placed the government under significant scrutiny. PASOK leader Nikos Androulakis stated during a party meeting that Prime Minister Mitsotakis is responsible for a situation that has harmed Greece’s reputation in Europe and could cost Greek taxpayers over €1 billion. In a separate statement, SYRIZA argued that early elections are necessary to renew public confidence and form a government capable of addressing ongoing challenge
Source: Naftemporiki print edition(02 July, pg.10)
- Greece will today auction 13 Weeks T-Bills with maturity October 3, 2025. The amount to be auctioned is EUR 500mn.
Source: PDMA
- Data released by Eurostat showed that the annual inflation in Greece is expected to be 3.6% in June from 3.3% in May 2025.
Source: Eurostat
- Scope Ratings, in an article focused on the impact of increased NATO defence spending on credit ratings, noted that the resulting rise in budget deficits and public debt across the EU could weaken sovereign credit profiles. However, Jacob Swalsky, General Manager at Scope, commented to Capital.gr that Greece is in a solid position, as the country already allocates a significant portion of its budget to defence. Therefore, the impact will be minimal, and Greece already maintains a strong fiscal position.
Source: Capital.gr
Markets:
- Athexgroup announced that its BoD has received an unsolicited, non-binding and highly conditional all share takeover proposal from Euronext. The Board, together with its advisors, is evaluating the proposal from a strategic and financial perspective. The Board has not entered into any discussions with Euronext at this time and will respond in due course.
Source: ATHEX
- Intralot and Barry’s Corporation, announced that their Board of Directors approved their entry into a definitive transaction agreement pursuant to which Intralot will acquire Bally’s International Interactive business at an enterprise value of EUR 2.7bn.
Source: ATHEX
CYPRUS
Macro/Political:
- In April 2025, revenue from tourism reached EUR 304,2mn, recording an increase of 39.9% as compared to the corresponding month of the previous year. For the period of January-April 2025, revenue from tourism is estimated at EUR 582,5mn compared to EUR 440,7mn in the corresponding period of 2024, recording an increase of 32.2%.
Source: CyStat
- Data released by Eurostat showed that the annual inflation in Cyprus is expected to be 0.5% in June from 0.4% in May 2025.
Source: Eurostat
