March inflation in Cyprus stood at 1.5%, and in Greece 3.3%.

Macro/Political:

• Data released by Eurostat showed that the annual inflation in Greece is expected to be 3.3% in March 2026 from 3.1% in February 2026.
  Source: Eurostat

• The seasonally adjusted unemployment rate in February 2026 amounted to 8.5% compared to the upward revised 9.2% in February 2025 (y-o-y) and to the downward revised 7.9% in January 2026.
  Source: ELSTAT

• The Overall Turnover Index in Retail Trade in January 2026 increased by 7% (y-o-y) and decreased by 16.9% (m-o-m). The Overall Volume Index in Retail Trade increased by 4.5% (y-o-y) and decreased by 15.8% (m-o-m).
  Source: ELSTAT

• According to an announcement by Morgan Stanley, Greek stocks will return to MSCI’s developed market index in May 2027. The recent upgrade of the equity market effectively signals a broader improvement in the Greek economy. It marks a key milestone for the domestic capital market and reflects the progress the Greek economy has achieved in recent years.
  Source: Kathimerini

• In February 2026, the weighted average interest rate on new deposits remained almost unchanged at 0.31%, while the corresponding rate on loans decreased to 4.57%. The interest rate spread between new deposits and loans decreased to 4.26 percentage points.
  Source: BoG

Macro/Political:

• In statements to StockWatch, Labour Minister Marinos Moushiouttas said that the government will not make any changes to its subsidy plan for the hotel sector, which provides coverage of 30% of employees’ wages for only one month for hotels that are already operating or will begin operating, provided that employees return to their positions. The hotel sector has been requesting changes to the government plan amid fears that the consequences of the war could extend to the tourism sector during April and May.
  The Director General of the Cyprus Hotel Association, Mr. Christos Angelides, told StockWatch that bookings and cancellations currently appear to be relatively balanced for the summer months. There is a flow of bookings, but also some cancellations. For April, he noted that there has been a moderate decrease in cancellations, while new bookings are also beginning to be recorded, however, this is not to an extent that would significantly change the current situation.
  Source: StockWatch

• Data released by Eurostat showed that the annual inflation in Cyprus is expected to be 1.5% in March 2026 from 0.9% in February 2026.
  Source: Eurostat