Bank of Greece projects that Greece’s GDP will grow by 2.3% in 2025.

Macro/Political:

In its Monetary Policy Report for 2024–2025, the Bank of Greece projects that Greece’s GDP will grow by 2.3% in 2025, before slowing to 2.0% in 2026 and then marginally accelerating to 2.1% in 2027. These growth rates are higher than the euro area average, contributing to the gradual convergence of Greece’s real GDP per capita toward the EU average. The main driver of growth is expected to be consumption, while investment and exports will continue to make positive contributions. Inflation is projected to continue declining over the next three years, reaching 2.5% in 2025. Safeguarding public debt sustainability must remain a priority for fiscal policy. In addition, fiscal reforms are needed to make fiscal policy more growth friendly.
Source: Bank of Greece

Markets:

Optima Bank raised EUR 150mn at a yield of 5.5% through the issuance of a 10.25NC5.25 Tier 2 bond. The bond issuance attracted strong investor interest, with total demand reaching EUR 1.665bn (an oversubscription of 11.1 times). 72% of the issuance was allocated to foreign investors. As a result of the strong investor interest, the bond yield was reduced by 62.5 basis points, from the initial offering of 6.125% to 5.5%.
Source: ATHEX
The project of Ikos Grand Resort by Sani/Ikos is set to begin following a positive response from the Environmental Impact Commission of Central Macedonia. It is noted that in April, Sani/Ikos acquired Pallini Beach, Athos Palace, Theophano Imperialthree hotels from Goldman Sachs, which will become the flagship of Ikos Resorts.
Source: Euro2day

Macro/Political:

The arrivals of tourists reached 479,160 in May 2025 compared to 421,400 in May 2024, recording an increase of 13.7%. For the period of January – May 2025, arrivals of tourists totalled 1,344,486 compared to 1.170.214 in the corresponding period of 2024, recording an increase of 14.9%.
Source: CyStat
President of the Laiki Bank Depositors Association, Adonis Papakonstantinou, stated that the only remaining step before payments begin to depositors affected by the 2013 haircut is the approval of the resolution agreement by Parliament, which is scheduled for Thursday. He also noted that the total budget of the National Solidarity Fund for this year is EUR 100 million. This is the fund that will be used to compensate those depositors. Furthermore, Mr. Papakonstantinou pointed out that Parliament is widely expected to vote in favour of the resolution, as the majority of political parties have demonstrated support for proceeding with the payments.
Source: EconomyToday