GREECE
Macro/Political:
- Prime Minister Kyriakos Mitsotakis announced four measures to tackle high prices during a Cabinet meeting. The four measures include keeping heating oil below EUR 1.75 per litre, increasing the subsidy on diesel at the pump from 10 cents to 15 cents per litre, expanding the 72-instalment debt repayment scheme to 120 instalments with a minimum payment of EUR 30, and imposing stricter rules on servicers to protect borrowers who meet their repayment obligations from foreclosure or seizure. More specifically, if a servicer breaches an agreement, the action will be cancelled, a fine of up to EUR 500,000 will be imposed, and the borrower will be credited with five instalments under the original agreement. Presenting the measures, Mitsotakis said that Greece does not need another national crisis amid the global crisis and highlighted that the measures would be reviewed every two weeks.
Source: Naftemporiki
- According to Eurostat, Greece’s unemployment in August stood at 7.4%, compared to 7.9% in the previous month and 8.8% in August 2025.
Source: Eurostat
- The Overall Turnover Index in Retail Trade in July 2026 increased by 6.6% (y-o-y) and 1.8% (m-o-m). The Overall Volume Index in Retail Trade increased by 5.2% (y-o-y) and 5.3% (m-o-m).
Source: ELSTAT
- In August 2026, the weighted average interest rate on new deposits
remained unchanged at 0.37%, while the corresponding rate on new loans remained unchanged at 4.79%. The interest rate spread between new deposits and loans increased to 4.42 percentage points.
Source: BoG
Markets:
- Alpha Bank will announce 9M26 earnings on Friday the 30th of October.
Source: Euronext Athens
- Capital Maritime Finance Corp is expected to raise as much as EUR 200 mn through an IPO, with the entrance of all their shares into Euronext Athens.
Source: Capital.gr
CYPRUS
Macro/Political:
- The Cabinet in Cyprus approved a set of measures proposed by the Finance Ministry to ease the cost of living for Cypriot households. The cost of the seven measures amounts to EUR 70mn, taking the total cost of measures, including existing ones, to EUR 160mn. Measures include a zero VAT rate on fresh fruit, vegetables, milk, diapers, and feminine hygiene products, while the existing waiver of VAT on meat, fish, and poultry will be renewed and expanded to cover bread, dairy products, coffee, sugar, and baby food until May 31. Electricity subsidies for vulnerable households will be extended until the end of 2027, while the excise duty on heating oil will be cut from 7.4 cents per litre to 2.1 cents per litre from November to April. VAT on household photovoltaic systems will be immediately reduced from 19% to 9%. A one-off payment of EUR 200 will be provided to 53,511 vulnerable beneficiaries, while allowances for residents of mountainous areas will be increased, benefiting 10,500 households and 24,000 beneficiaries. The increase will amount to EUR 50 per household, depending on altitude, and EUR 35 per person.
Source: Kathimerini
- According to Eurostat, Cyprus’s unemployment in August stood at 4.1%, compared to 4.0% in the previous month and 4.2% in August 2025.
Source: Eurostat
- Turkey’s Energy Ministry has informed the Foreign and Defence Ministries and the state oil company, TPAO, of plans for the construction of a 97-km bidirectional subsea pipeline. A memorandum for the construction of the pipeline was signed in June, at a time when debate continues in Greece over the planned start of surveys for the GSI electricity link with Cyprus. The pipeline plan is presented as part of Ankara’s approach towards the Turkish Cypriot north, deepening its dependence on Turkey. In recent years, Northern Cyprus has been supplied with water through a pipeline from Turkey. Such moves also increase pressure on the Republic of Cyprus, which faces water shortages and severe drought conditions.
Source: Kathimerini
