GREECE
Macro/Political:
- In January 2026, the number of issued building permits in Greece amounted to 2,034 (15.4%, y-o-y). In the last twelve months from February 2025-January 2026, Total Building Activity (private public) in Greece recorded a 0.5% decrease in the number of issued building permits, compared to the corresponding period of the previous year.
Source: Elstat
Markets:
- Alpha Bank raised EUR 600mn at a yield of 3.844%(MS+95bps) through the issuance of a 6NC5 green senior preferred bond. Demand was very strong, with the final order book closing above EUR 1.6bn.
Source: Bloomberg
- GEK TERNA and Airbus have signed a MoU to collaborate on delivering advanced defence and space solution to Greece, such as Military Satellite Communication and Critical Infrastructure Resilience. The agreement outlines a framework that combines GEK TERNA’s extensive experience in complex projects, including infrastructure, power, environment, digital, and Internet of Things, with Airbus cutting -edge technologies and global expertise, leveraging the complementary strengths of both organisations.
Source: athexgroup.gr
CYPRUS
Macro/Political
- Speaking at the OEB (Cyprus Employers & Industrialists Federation) annual general meeting, President Christodoulides outlined a strategy to transform Cyprus into an active investment hub, stressing the need for targeted international outreach and further reforms. Upcoming business missions include a visit to India in three weeks, Kazakhstan in early June, and planned engagements in Florida, Ohio and New York. The president framed these efforts within a broader vision of Cyprus acting as a bridge between the EU, the Middle East, India and the Gulf. On the economic front, Mr. Christodoulides pointed to a budget surplus of 2.6%, public debt reduced to 55% of GDP, and GDP growth of 3.8% in 2025, among the highest in the eurozone, alongside Cyprus reaching investment grade “A” for the first time since 2011. On the reform agenda, he noted 75 new digital services introduced in 2025 with over 100 more planned for 2026, and flagged pension reform as the next major step. On energy, he acknowledged delays but called for faster progress toward a competitive electricity market and greater use of renewables.
Source: cyprusmail.com
