Cyprus Economic Sentiment Improves Marginally

Macro/Political:

• The Greek PDMA announced that during the 26W T-Bills auction of EUR 400mn which took place yesterday, the total bids reached EUR 1,078mn and the amount finally accepted was EUR 500mn at a uniform yield of 2.24% (vs 2.21% in the previous 26W T-Bills auction in May 2026).
  Source: PDMA

• A USD 9 bn agreement for the supply of 1.5 bn cubic metres of U.S. natural gas annually from the United States, via Greece, to Albania and Bosnia starting in 2030 was announced yesterday by Atlantic See, a joint venture between DEPA and the Aktor Group. The announcement was made at a press conference attended by Greek Energy Minister Stavros Papastavrou and U.S. Ambassador to Greece Kimberly Guilfoyle.
  In his remarks, Papastavrou emphasized that the Vertical Gas Corridor, through which natural gas will be supplied to countries across the region via Greece, is a long-term strategic infrastructure project capable of significantly enhancing regional energy security.
  Guilfoyle noted that the agreement strengthens cooperation between Greece and the United States and extends beyond its commercial dimension, serving as a practical contribution to energy security. She added that the deal reinforces Greece’s role as a regional energy hub and benefits both the United States and the countries of the region by providing greater energy diversification, resilience, and security of supply.
  Source: Capital.gr

Markets:

• GEK TERNA and Rheinmetall have entered a strategic partnership aimed at strengthening Greece’s defence industry and developing new capabilities to support the Armed Forces. The agreement follows a MoU signed by the two companies in 4Q25 and now takes on a binding, long-term character, laying the foundations for broader industrial cooperation with significant domestic value added. The partnership seeks to leverage GEK TERNA’s strong presence in critical infrastructure, energy, and complex industrial systems across South Eastern Europe, combined with Rheinmetall’s internationally recognized portfolio of defence technologies and land systems.
  Source: Naftemporiki.gr