GREECE
Macro/Political:
- Greek PM Kyriakos Mitsotakis portrayed Greece as a pillar of stability amid social unrest in France, pledging that the country would not return to a period of political turmoil and economic uncertainty. Mitsotakis added that European countries were facing significant social tensions but argued that Greece remained stable and financially capable of supporting households amid global price pressures. He also stated that “Greece will never return to the days of major social unrest,” criticising populist promises and what he described as an era when falsehoods dominated public debate. Meanwhile, former PM Alexis Tsipras said that the protests sent a strong message about youth resistance to injustice and inequality. Former SYRIZA youth secretary Panos Lamprinidis also expressed hope that the demonstrations would spread to Greece.
Source: Kathimerini
Markets:
- GEK TERNA announced that it has mandated BNP PARIBAS S.A., J.P. Morgan S.E. and Mediobanca– Banca di Credito Finanziario S.p.A., as Joint Global Coordinators and Joint Bookrunners along with AXIA, Deutsche Bank, Eurobank S.A., Goldman Sachs Bank Europe SE, HSBC, Morgan Stanley, National Bank of Greece, Piraeus Bank S.A. and Optima bank S.A. as Joint Bookrunners to arrange on its behalf a series of qualified investor calls commencing on Monday, 19 October 2026, for a potential fixed rate EUR 500 million, 7-year, senior unsecured notes, Reg-S offering, under the Company’s EMTN Programme (the “Offering” and the “Notes”), which is expected to follow, subject to market conditions. The Notes are expected to be rated BBB- by S&P Global Ratings and Baa3 by Moody’s Ratings. The net proceeds from the Notes will be used by the Company for general corporate purposes.
Source: Athens Euronext
- Credia Bank and Evropi Holdings announced that the merger between the two companies has been approved by the Competition Commission. According to the relevant announcement, the merger is expected to be completed by the end of the month, subject to obtaining the required approvals from the Bank of Greece and the General Meetings of the merging companies.
Source: Athens Euronext
CYPRUS
Macro/Political:
- According to Egypt Oil & Gas newspaper, Egypt is expected to sign agreements related to Cyprus Aphrodite gas field during the Mediterranean Offshore Conference and Exhibition, scheduled for October 20-22 in Alexandria, according to the event’s agenda. Agreements will involve Chevron, EGAS, and the Ministry of Petroleum and Mineral Resources for Egypt. Furthermore, according to the article Cyprus plans to connect Aphrodite to Egypt through a 280 km subsea pipeline, transporting gas to Egypt’s infra for processing and re-export through its LNG facilities to international markets.
Source: Egypt Oil & Gas - President Christodoulides and the Turkish Cypriot leader will meet today at 11 am in Nicosia. Christodoulides said yesterday that the UN had proposed dates for a joint meeting between the leaders of the two communities and the UN Secretary-General’s Personal Envoy, Maria Angela Holguin. Christodoulides added that he would attend the meeting with one objective, namely, to achieve positive developments.
Source: Cyprus Mail
- The arrivals of tourists reached 580.889 in September 2026 compared to 570.635 in September 2025, recording an increase of 1.8%. For the period of January – September 2026, arrivals of tourists totalled 3,401,538 compared to 3,604,790 in the corresponding period of 2025, recording a decrease of 5.6%.
Source: CyStat
- Data published by the CBC showed that in July 2026 the non-performing loans (aggregate data for all credit institutions) in Cyprus decreased marginally by 14.3 mn to EUR 806.4mn (NPL ratio at 1.5%) from EUR 820.8mn (NPL ratio at 1.6%) in June 2026.
Source: CBC
