Greece will today proceed with an auction for the reopening of the existing GGB 36

Local Eye

Feb. 11, 2026

GREECE

Macro/Political:

  • Greece will today proceed with an auction for the reopening of the existing GGB 3.375% 16/06/2036 (ISIN: GR0124042764). The syndicated transaction will be launched today and the total amount to be auctioned is up to EUR 300mn.

    Source: PDMA

  • Prime Minister of Greece Kyriakos Mitsotakis is scheduled to meet Turkish President Recep Tayyip Erdogan today in Ankara, 17 months after their last encounter, amid last-minute disruptions that underscore the persistent lack of trust defining relations between the two countries. No substantive breakthroughs are expected, a reality highlighted by the diplomatically unusual move of Turkish Foreign Minister Hakan Fidan to publicly differentiate between members of the Greek government, describing some as supportive of resolving bilateral disputes while portraying others as obstacles.

    Source: Kathimerini

     

  • A combination of factors will determine whether Greece responds positively to the White House’s latest invitation to attend the first meeting of the Board of Peace in Washington on February 19. In principle, Greek Prime Minister Kyriakos Mitsotakis has opposed participation, arguing that the body was effectively created to bypass the United Nations and operates with an agenda outside the framework of UN Security Council resolutions concerning the activation of the Gaza peace plan. Athens’ dilemma stems from the fact that the February 19 session is narrowly focused on the plan’s second phase and therefore falls within the thematic scope for which the council was established, potentially justifying Greek participation. Importantly, any decision carries diplomatic costs, a refusal, despite repeated invitations, would irritate the White House, while acceptance would likely displease Germany and France, along with Spain, which maintain a tougher line on the issue.

    Source: Kathimerini

     

  • Overall Industrial Production Index in December 2025 recorded an increase of 3.9% (y-o-y). The seasonally adjusted Overall Industrial Production Index in December 2025 recorded an increase of 1.4% compared with November 2025 (m-o-m).

    Source: ELSTAT

CYPRUS

Macro/Political:

  • Data published by the CBC showed that in November 2025 the non-performing loans (aggregate data for all credit institutions) in Cyprus decreased marginally by EUR 33.02mn (m-o-m) to EUR 1,060,699mn (NPL ratio at 2.05%) from EUR 1,093,720mn (NPL ratio at 2.1%) in October 2025.

    Source: CBC