GREECE
Macro/Political:
- Data released by Eurostat showed that the annual inflation in Greece is expected to be 1.7% in October from 1.8% in September 2025.
Source: Eurostat
Markets:
- Alpha Bank announced the completion of the acquisition of substantially all of Astro Bank’s assets and liabilities, as well as its personnel. The transaction is expected to be approximately 5% accretive to the Group’s EPS on a fully phased in synergy basis, while having a limited impact of around 40 bps on the CET1 ratio.
Source: ATHEX
CYPRUS
Macro/Political:
- Preliminary data released by CyStat showed that the General Government fiscal balance for the period of January- September 2025 presented a surplus of EUR 1,169.5mn (3.2% of GDP) compared to a surplus of EUR 1,344.3mn (3.9% of GDP) in the same period of 2024. Primary balance recorded a surplus of EUR 1,495.7mn versus a surplus of EUR 1,674.0mn in the corresponding period of 2024. During Jan- Sep 2025 total expenditure increased by EUR 498mn (+6.7%) to EUR 7,896.9 mn from EUR 7,398.6mn in the corresponding period of 2024. Total revenue increased by EUR 747mn (+8.6%) to EUR 9,443.0 mn compared to EUR 8,695.8 mn in the same period of 2024. Particularly, in September 2025 the General government fiscal balance presented a deficit of EUR 26.7mn (Primary balance surplus at EUR 11mn).
Source: Cystat
- Data released by Eurostat showed that the annual inflation in Cyprus is expected to be 0.3% in October from 0% in September 2025.
Source: Eurostat
- In October 2025, economic sentiment in Cyprus improved, as the Economic Sentiment Indicator (ESI-CypERC) rose by 2 points (m-o-m) to 104.1. This increase was driven by stronger business confidence in the services and construction sectors.
Source: UCY
- Speaking in Parliament, Minister of Energy George Papanastasiou said that the final investment decision for developing the Kronos field is expected by late this year or early next year by the ENI and Total consortium. He outlined the commercial agreements for the development of the Kronos natural gas field in Block 6 of Cyprus’s Exclusive Economic Zone, which involve Cyprus and Egypt, the two investors, and three infrastructure owners in Egypt. The three recent agreements pave the way for Kronos gas to flow through the Zohr filed infrastructure for liquefaction in Egypt and sale to markets, he explained.
Source: PhileNews
