GREECE
Macro/Political:
- Scope credit rating review of the Greek economy is scheduled to be released today. The Agency currently holds Greece at BBB, outlook stable.
- The US has designated Greece as a central partner in its strategy to replace Russian natural gas in Western Europe, U.S. officials said yesterday at the opening of a P-TEC meeting in Athens. Specifically, U.S. Energy Secretary Chris Wright stated that the US has large reserves and the opportunity to substitute every cubic meter of Russian gas in Western Europe, providing both supply security and reduced costs. He noted that Greece is the ideal entry point,a historic maritime power with the infrastructure to bring American LNG into Europe.
Source: Kathimerini
- Plans for a natural gas pipeline linking Greece, Cyprus, and Israel are back under consideration, according to Israeli Energy and Infrastructure Minister Eli Cohen. Following a high-level meeting in Athens with his counterparts from Greece, Cyprus, and the United States, Cohen noted that the Americans are now willing to take on a major role. He added that renewed U.S. engagement under President Trump’s administration could give the project new momentum, as Washington increasingly treats energy as a national security priority. It is also important to note that these talks took place during a forum attended by Greece’s Energy Minister Theodoros Skylakakis, U.S. Energy Secretary Chris Wright, and Cyprus’ Energy Minister George Papanastasiou.
Source: Kathimerini
Markets:
- Alpha Bank’s net income in 3Q25 stood at EUR 217mn compared to EUR 221mn in 2Q25. 9M25 net profit stood at EUR 677mn versus EUR 665mn in 9M24. The Bank’s NPE ratio was 3.6% and NPE coverage ratio at 55%. Total Capital ratio and CET1 ratio stood at 21% and 15.7% respectively.
Source: ATHEX
CYPRUS
Macro/Political:
- Cyprus employers’ organizations have rejected the government’s proposal for a permanent CoLA settlement, even after the trade unions accepted the deal, leaving the issue that has dominated public debate for months unresolved. President Nicos Christodoulides noted yesterday that this was certainly not a positive development, however, there are alternative plans in place to resolve the matter. In addition, the Minister of Finance expressed disappointment over the employers’ organizations’ rejection of the draft CoLA agreement, while the Government Spokesperson stated that the Government is evaluating all available information and that efforts will continue to reach a conclusion.
Source: PhileNews
- The Consumer Price Index (CPI) in October 2025 increased by 0,54 points (m-o-m), reaching 118.25. Inflation in October 2025 stood at- 0.3%.
Source: CyStat
