GREECE
Macro/Political:
- Local press reports that the PDMA is expected to proceed with the issuance of a new 10-year bond in the coming days. According to these sources, Greece could raise between EUR 2.5 bn and EUR 4 bn from this issuance, covering a large part of the total EUR 8 bn the country aims to raise from bond markets this year.
Source: Naftemporiki print edition (12 January, pg.4)
- The trade balance in November 2025 presented a deficit of EUR 2,800.7 mn compared to a deficit of EUR 3,299.4mn in November 2024, recording a drop of 15.1%. The total value of imports amounted to EUR 6,870.8mn (-6.6% y-o-y) while the total value of exports was EUR 4,070.1mn (+0.4% y-o-y). The deficit of the trade balance, for the 11-month period from January to November 2025 amounted to EUR 29,918.4 mn in comparison with EUR 32,129.6 mn for the corresponding period of the year 2024, recording a drop of 6.9%.
Source: ELSTAT
- The Overall Industrial Production Index in November 2025 recorded an increase of 2.6% (y-o-y). The seasonally adjusted Overall Industrial Production Index in November 2025 recorded a decrease of 1.6% compared with October 2025 (m-o-m).
Source: ELSTAT
Markets:
- Titan announced that it has entered into an agreement to acquire Keystone Cement company, a Pennsylvania based cement manufacturer and aggregates producer. This transaction includes modern high-quality assets such as an integrated cement plant, operating one of the most efficient cement kilns in Pennsylvania Leigh Valley, with a clinker production capacity of 990,000 short tons per year. The transaction price is USD 310 mn which corresponds to approximately USD 313 per short ton of current clinker production capacity and its closing is subject to regulatory approval and other customary conditions.
Source: ATHEX
- Alpha Bank announced that UniCredit exercised financial instruments, resulting in an increase in its direct shareholding in Alpha Bank to 29.796% of the total voting rights. Furthermore, UniCredit’s participation through additional financial instruments may potentially lead to the acquisition of a further 52,612,834 common shares with voting rights, corresponding to 2.272% of Alpha Bank’s total voting rights, bringing UniCredit’s total position to 32.069%.
Source: ATHEX
- Metlen announced the acquisition of a sixth production unit for defence and railway equipment. More specifically, through its M Technologies sector, expanded its investments in Volos with the acquisition of the long operating dual industrial facility of NK Trailers. The new unit includes the utilization of two modern steel industrial buildings, with a total surface area of approximately 26,900 sq.m., located within Volos Industrial Area B. The total consideration for this investment amounts to EUR 10 mn, while partial refurbishment of the plant and new equipment are estimated at EUR 30–40 mn.
Source: ATHEX
CYPRUS
Macro/Political:
- The First Lady of Cyprus, Mrs Philippa Karsera Christodoulide, announced her resignation from the Independent Social Support Body through a public statement on social media. In the statement, the First Lady expressed deep concern and sadness, describing what she called a relentless wave of attacks involving the spread of fake news. The opposition political party AKEL, in a separate statement, commented that the resignation of Philippa Karsera Christodoulide should have been obvious and should have taken place earlier. Furthermore, AKEL demanded the dismissal of the Director of the President’s Office, Charalambos Charalambous, who also appears in the disputed video, characterizing this as a minimal assumption of political responsibility by the President.
Source: StockWatch
- Provisional data released by CyStat showed that in the period of January – November 2025 the trade balance was in deficit of EUR 7,284.3 mn compared to a deficit of EUR 6,385.1 mn in the corresponding period of 2024. Total imports of goods in November amounted to EUR 1,038.4 mn (-10.6% y-o-y) while total exports were EUR 407.1mn (+6.3% y-o-y).
Source: CyStat
