Fitch Review of Cyprus Economy is scheduled to be released today

Macro/Political:

• In October 2026, the Athens International airport’s passenger traffic amounted to 3.21 million, 2.4% higher than October 2025. During January -October of 2026, the airport’s passenger traffic reached 29.3 mn, above the 2025 levels by 4.1%.
  Source: Euronext Athens

• Greece is expected to issue a NAVTEX notice by Monday, clearing the way for the French-flagged vessel to resume seabed surveys for the Greece-Cyprus electricity interconnector (GSI). Technical discussions have been completed, leaving the navigation warning as the main outstanding step. The Abeille Margo is expected to begin operations over the weekend, initially within territorial waters. According to the article, Turkey is expected to react but is not anticipated to obstruct the work, partly because it will host the COP31 climate summit in Antalya from November 9-20. Greece’s Foreign Ministry has extended the French authorization to cover the whole of 2027.
  Source: Kathimerini

Markets:

• Titan 9M26 net profit after tax and minorities stood at EUR 242mn, reflecting an increase of approximately 42%% (y-o-y). EBITDA stood at EUR 482mn compared to EUR 473mn for the same period of the previous year.
  Source: Euronext Athens

Macro/Political:

• Fitch credit rating review of the Cyprus economy is scheduled to be released today. The Agency currently holds Cyprus at A-, positive outlook.
  Source: Fitch Ratings

• In August 2026, the Industrial Turnover Index reached 121,4 units recording an increase of 5.6% (y-o-y). For the period January – August 2026, the index recorded an increase of 4,1% compared to the corresponding period of the previous year.
  Source: CyStat