GREECE
Macro/Political:
- Preliminary data released by the MoF showed that the State Budget balance on a modified cash basis for January – September 2026 presented a surplus of EUR 162mn, against a target of a deficit of EUR 1,897mn and a deficit of EUR a surplus of 2,401mn for the same period of 2025. The State Budget Primary Balance amounted to a surplus of EUR 7,589mn, against the primary surplus target of EUR 5,129mn and a primary surplus of EUR 9,449mn in the same period of last year. It is noted that an amount of EUR 695mn which refers to the time differentiation of payments from ordinary budget and an amount of EUR 385mn relating to time differentiation of payments of defence programs and an amount of EUR 905 mn relating to time differentiation of transfers to General Government entities, which do not affect the General Government’s result in fiscal terms, as well as, an amount of EUR 135 mn from the 2nd instalment of the price for granting the license to operate a casino in Elliniko, which is fiscally recorded during the concession years.
For January – September 2026, State Budget net revenues amounted to EUR 57,834 mn, showing an increase of EUR 2,525 mn against the target of the corresponding period. State Budget expenditures amounted to EUR 57,672 mn, EUR 465mn higher than the target.
Source: Ministry of Economy & Finance
- A poll released yesterday by Marc for ANT1 showed that New Democracy leads voting intention with 27%, followed by the Greek Left Alliance (ELAS), the new political party of former Prime Minister Alexis Tsipras, at 13.8%, socialist PASOK at 10.5%, and the far-right Greek Solution at 6%. The Greek Communist Party follows with 5.9%, ahead of the anti-establishment Course of Freedom at 4.7%, Hope for Democracy at 3.9%, Alliance of Greeks at 3.8%, the ultra-nationalist Voice of Reason at 3.1%, MeRA25 at 2.3% and SYRIZA at 1.5%.
Source: ANT1.gr - According to Kathimerini, Greek Prime Minister Kyriakos Mitsotakis will push for measures to ease rising energy costs at a European Council summit in Brussels on Thursday and Friday, as EU leaders grapple with economic pressures, budget negotiations and developments in Ukraine. Mitsotakis is expected to call for targeted, temporary support for households and businesses, particularly SMEs, as energy prices rise amid disruptions in the Strait of Hormuz. He is also expected to reiterate Greece’s support for stronger external border protection and a European mechanism to respond to sudden mass migration pressures.
Source: Kathimerini
CYPRUS
Macro/Political:
- According to Energy Minister Michael Damianos, the President of Cyprus will proceed with the payment of EUR 25mn to ADMIE following Nexans’ request for a NAVTEX for the Cyprus-Crete cable connection. He added that the EUR 25mn covers the costs determined by RAEK for the implementing body and that the government is very pleased with the prospect of the project beginning very soon. Furthermore, Damianos noted that he held a bilateral meeting with his Greek counterpart last week to discuss how the GSI will proceed. Asked about the total cost of the project, Damianos said that it is too early to discuss the overall costs. However, he noted that 63% of the total cost will be borne by Cypriot consumers, while the remaining 37% will be borne by Greek consumers.
Source: StockWatch
