GREECE
Macro/Political:
- The draft state budget for 2026 will be submitted today by the Greek government to Parliament. The budget includes four key targets: a further decline in the debt-to-GDP ratio to 137–138% for the first time since 2010, real GDP growth of 2.4%, a new historical record for the total value of GDP at approximately EUR 260 billion, and the creation of a general government surplus for the third consecutive year.
Source: Naftemporiki print edition (06 October, pg.7)
- In September 2025, the Athens International airport’s passenger traffic amounted to 3.47mn, 5.4% higher than September 2024. During January-September of 2025, the airport’s passenger traffic reached 26.19 mn, above the 2024 levels by 6.7%.
Source: ATHEX
Markets:
- Piraeus Bank will proceed with the issuance of a EUR 600mn PNC7 AT1 bond. IPT at 6.5% area
Source: Bloomberg
- The public offering by Euronext for the acquisition of the Athens Stock Exchange will begin today and end on Monday, November 17. The offering will be in the form of a share exchange, with Euronext offering 0.05 of its own shares for each share of ATHEX.
Source: Capital.gr
CYPRUS
Macro/ Political:
- Cyprus President Nikos Christodoulides will today meet with the Minister of Finance, Makis Keravnos, and the Minister of Labour and Social Insurance, Yiannis Panayiotou, to discuss the Cost of Living Allowance (CoLA). The meeting is considered very important and is expected to focus on four main issues: the general implementation of CoLA, its fairer distribution, the conditions for its activation, and the insurance provisions aimed at preventing inflationary pressures. Employers’ organizations have stated that they are against the universal application of CoLA, arguing that it poses risks to the economy’s competitiveness and public finances. On the other hand, trade unions are calling for its universal application. Today’s meeting is expected to reveal whether the trade unions and employers will finally reach an agreement or whether the government will have to seek alternative solutions.
Source: StockWatch
- In July 2025, the Industrial Turnover Index reached 159,9 units recording an increase of 3.5% (y-o-y). For the period January – July 2025, the index recorded an increase of 4.9% compared to the corresponding period of the previous year.
Source: CyStat
