GREECE
Macro/Political:
- Greece will today auction 52 Weeks T-Bills with maturity June 4, 2027. The amount to be auctioned is EUR 400mn.
Source: PDMA
- Data released by Eurostat showed that the annual inflation in Greece is expected to be 5% in May 2026 from 4.6% in April 2026(m-o-m), and 3.3% in May 2025(y-o-y).
Source: Eurostat
- Greece’s Manufacturing PMI rose to 53.3 in May 2026 from 52.4 in April 2026, signalling a solid improvement in operating conditions. The pace of growth was stronger than the long-run series average and among the fastest recorded over the past year. Furthermore, a sustained increase in new orders supported efforts to expand capacity, leading to a strong rise in employment, with the pace of job creation reaching a four-month high. Finally, Greek manufacturers became more optimistic about the outlook for output over the next 12 months, with positive expectations improving midway through the second quarter.
Source: PMI
- The annual growth rate of total credit extended to the domestic economy decreased to 3.9% in April 2026, from 4.5% in the previous month. The annual growth rate of total deposits increased to 6.4% in July from 5.8% in the previous month. The monthly net flow of total credit was negative by EUR 1,081mn in April 2026, compared with a positive net flow of EUR 3,533mn in the previous month. The monthly net flow of total deposits was negative by EUR 34mn compared with a positive net flow of EUR 2,474mn in March 2026.
Source: BoG
Markets:
- Lamda Development will start the public offering of its common bond loan, with a total nominal value of up to EUR 350 mn and a duration of 7 years, today, 3 June, through Friday, 5 June, with a yield range of 4.2%–4.5%.
Source: Athens Euronext
CYPRUS
Macro/Political:
- According to CyStat, the seasonally adjusted real GDP growth rate in 1Q26 remains positive and it is estimated at 3% (y-o-y).
Source: CyStat
- The Turnover Value Index of Retail Trade (except of motor vehicles) for April 2026 increased by 5.8% compared to the corresponding month of the previous year. For the same month, the Turnover Volume Index of Retail Trade increased by 2.9% compared to the corresponding month of previous year.
Source: CyStat
- Data released by Eurostat showed that the annual inflation in Cyprus is expected to be 3.7% in May 2026 from 3% in April 2026(m-o-m), and 0.4% in May 2025(y-o-y).
Source: Eurostat
- In March 2026, revenue from tourism reached EUR 85.6mn, recording a decrease of 33.8% as compared to the corresponding month of the previous year. For the period of January-March 2026, revenue from tourism is estimated at EUR 245.5mn compared to EUR 278.3mn in the corresponding period of 2025, recording a decrease of 11.8%.
Source: CyStat
- Total deposits in April 2026 recorded a net decrease of EUR 123.1mn, compared with a net increase of EUR 426.8mn in March 2026.The annual growth rate of total deposits stood at 4,5%, compared with 5.6% in March 2026. The outstanding number of total deposits reached EUR 57.6bn. Total loans in April 2026 recorded a net increase of EUR 40.5mn, compared with a net increase of EUR 528.1mn in January 2026. The annual growth rate stood at 12%, compared with 12.6% in March 2026. The outstanding amount of total loans reached EUR 27.8bn.
Source: CBC
- Ministry of Foreign Affairs announced that the United States and United Kingdom have lower their travel advisories for Cyprus to Level 1, the lowest risk category. According to the Ministry of Foreign Affairs statement this described as a positive development for Cyprus image as a travel destination.
Source: CBN
