Cyprus General Government fiscal balance for 2025 presented a surplus of EUR 939.2mn

Local Eye

Mar. 4, 2026

GREECE

Macro/Political:

  • Greece will today auction 52 Weeks T-Bills with maturity March 5, 2027. The amount to be auctioned is EUR 400mn.
    Source: PDMA

 

  • The seasonally adjusted unemployment rate in January 2026 amounted to 7.7% compared to the upward revised 9.8% in January 2025 (y-o-y) and to the upwards revised 7.9% in December 2025.
    Source: ELSTAT

 

  • Data released by Eurostat showed that the annual inflation in Greece is expected to be 3% in February 2026 from 2.9% in January 2026.
    Source: Eurostat

 

  • In February 2026, the Athens International airport’s passenger traffic amounted to 1,981million, 13.1% higher than February 2025. During Jan-Feb 2026, the airport’s passenger traffic reached 3.58 mn, above the 2025 levels by 10.8%.
    Source: ATHEX

 

Markets:

  • During the analysts’ call following the announcement of the financial results, the CEO of Optima Bank, Mr. Dimitris Kyparissis, stated that discussions between the bank and the Bank of Greece regarding SREP requirements have not yet been finalized, however, Optima expects a positive outcome. More importantly, he clarified that the bank is not considering a capital increase at this stage. Instead, it is evaluating funding actions through bond issuances, either senior or subordinated instruments.
    Source: Capital.gr

 

  • GEK TERNA announced that it acquired through a stock exchange transaction a 9.71% stake in EYDAP for total consideration of EUR 103.4mn. EYDAP is the largest company in Greece in the water supply, sewerage and wastewater treatment sectors. The transaction is in line with GEK TERNA’s strategy to invest in critical infrastructure assets that offer long-term, inflation protected and recurring revenue streams.
    Source: ATHEX

CYPRUS

Macro/Political:

  • Preliminary data released by CyStat showed that the General Government fiscal balance for the period of January- December 2025 presented a surplus of EUR 939.2mn (2.6% of GDP) compared to a surplus of EUR 1,439.3mn (4.1% of GDP) in the same period of 2024. Primary balance recorded a surplus of EUR 1,357.9mn versus a surplus of EUR 1,884.7mn in the corresponding period of 2024. During Jan- Dec 2025 total expenditure increased by EUR 1,364.9mn (+10.3%) to EUR 14,675.9mn from EUR 13,311mn in the corresponding period of 2024. Total revenue increased by EUR 864.8mn (+5.9%) to EUR 15,615.2mn compared to EUR 14,750.3 mn in the same period of 2024. Particularly, in December 2025 the General government fiscal balance presented a deficit of EUR 121.2mn (Primary balance deficit 100.7mn).
    Source: CyStat

 

  • Data released by Eurostat showed that the annual inflation in Cyprus is expected to be 0.9% in February 2026 from 1.2% in January 2026.
    Source: Eurostat