GREECE
Macro/Political:
- On Wednesday (02/09), Greece will auction 52 Weeks T-Bills with maturity September 3rd, 2027. The amount to be auctioned is EUR 400mn.
Source: PDMA - Greece is set to sign a EUR 3.1bn defence agreement with Israel today in Tel Aviv, in a major deal that will provide Greece with its first integrated, multilayered air defence network. The agreement, negotiated over three years, covers the acquisition and deployment of several Israeli-made air defence systems. The systems will be delivered to the Greek armed forces in stages and are expected to become fully operational within 35 months. Defence Minister Nikos Dendias on Sunday described the project as an important component of the government’s broader effort to overhaul the armed forces. The “Achilles Shield” is part of the military reform programme known as “Agenda 2030.” Dendias said the programme is moving Greece “into a new reality” and adopting “a new approach to defence and deterrence.”
Source: Kathimerini - In May 2026, the number of issued building permits in Greece amounted to 2,695 (-0.8%, y-o-y). In the last twelve months from June 2025- May 2026, Total Building Activity (private public) in Greece recorded a 8.8% increase in the number of issued building permits compared to the corresponding period of 2024-2025.
Source: ELSTAT
Markets:
- Piraeus Bank raised EUR 500mn at a yield of 4% through the issuance of a 6NC5 Senior Preferred bond. Demand was very strong, with the final order book closing above EUR 2.5bn. The issuance spread was 90bps, making it the tightest Senior Preferred spread ever achieved by Piraeus.
Source: Euronext Athens
CYPRUS
Macro/Political:
- In June 2026, the Industrial Production Index reached 117.6 units, recording an increase of 0.3% compared to June 2025. For the period January- June 2026, the index recorded an increase of 1.2% compared to the corresponding period of the previous year.
Source: CyStat - In August 2026, economic sentiment in Cyprus improved for fifth consecutive month, as the Economic Sentiment Indicator (ESI-CypERC) rose by 1.4 points (m-o-m) to 102.09. This increase was driven by stronger consumer confidence and higher business confidence across all sectors except construction.
Source: University of Cyprus
