Greece and Cyprus agreed to update the financial and technical parameters of the Great Sea Interconnector

Macro/Political: 

• Greece and Cyprus will proceed with the immediate updating of the economic and technical parameters of the power cable interconnection project between the two countries, so that it can potentially be strengthened through the entry of new, strong investors, which will be to the benefit of all, Greek Prime Minister Kyriakos Mitsotakis told reporters in Athens following a meeting with Cypriot President Nikos Christodoulides.
  Source: Bloomberg

Markets:

• OTE posted profits of EUR 271,5mn in 3Q25 compared to EUR 199,6mn in 3Q24. Net profit in 9M25 stood at EUR 552,5mn compared to EUR 462,5mn in 9M24.
  Source: athexgroup.gr

Macro/Political:

• Government Spokesperson Konstantinos Letymbiotis announced that a preliminary agreement on the Cost of Living Allowance (CoLA) will be signed at 14:00 today at the Presidential Palace. In a post on X, Mr. Letymbiotis stated that President of the Republic Nikos Christodoulides met earlier in the day with the heads of the trade union organizations.
  Source: stockwatch.com.cy