GREECE
Macro/Political:
- Greece will today auction 26 Weeks T-Bills with maturity April 23, 2027. The amount to be auctioned is EUR 400mn.
Source: PDMA.gr
- The Overall Turnover Index in Industry (both Domestic and Non-Domestic Market) in August 2026 recorded an increase of 17.8% (y-o-y) while it decreased by 22.5% (m-o-m).
Source: ELSTAT
- A new procedure allowing eligible farmers to benefit from an exemption from the Special Consumption Tax and the corresponding VAT on agricultural diesel at the point of purchase will take effect on November 1. The measure follows a decision signed by the Finance Ministry, the Ministry of Rural Development and Food, and the Independent Authority for Public Revenue. It will enable eligible farmers to purchase diesel at the applicable reduced tax rate when refuelling, without having to wait for a subsequent tax refund.
Source: Kathimerini
Markets:
- DBRS, in a commentary on European banks published yesterday, highlighted that Greek systemic banks continued to record the largest reduction in the CoR in 2026 among their European counterparts, despite the ECB’s significant rate hikes. More specifically, DBRS found that Greek banks’ CoR fell by around 20 bps compared with 2025 and by more than 30 bps compared with 2024, dropping below 60 bps in 1H26. However, Greek banks still maintained CoR levels higher than those of other European banks.
Source: DBRS
CYPRUS
Macro/Political:
- According to Cystat’s revised estimate of the Annual National Accounts, the economy’s real growth rate for 2025 is estimated at 4.8%. While the GDP growth in real terms (seasonally adjusted), for 2Q26, is positive and it is estimated at 3.3% over the corresponding quarter of 2025(y-o-y).
Source: CyStat
- President Christodoulides and Turkish Cypriot leader Tufan Erhurman agreed to meet again next week following a constructive meeting yesterday in the protected UN area in Nicosia. According to the UN, the two leaders continued discussions on CBMs, methodology and the substance of the Cyprus problem. Furthermore, the UN Secretary Personal Envoy Maria Angela Holguin is expected to be in Cyprus on October29. With both leaders expected to hold separate meetings with her, ahead of a trilateral meeting scheduled for November 9th.
Source: Cyprus Mail
- Cyprus is in advanced negotiations with Israeli defence companies Israel shipyards and Rafael on a deal worth about EUR 150 mn for naval vessels equipped with advanced weapons systems, according to Israeli financial newspaper Calcalist. The deal is expected to be signed in the following weeks, by both countries defence ministers. It is important to also note that the deal is being pursued through a G2G framework, and the two companies have also worked on other defence programmes, including deals involving Azerbaijan and Philippines. According to sourced cited by Calcalist, they believe that the deal could open the way for further commercial cooperation, including in defence industrial production.
Source: Calcalist
Markets:
- Bank of Cyprus following the announcements dated on 23rd and 26th of March 2026, announced the successful completion of the acquisition of performing loans and deposits and other assets and liabilities of CDB, the consideration of the Transaction is nearly at par and the perimeter includes a portfolio of performing loans with gross book value of EUR 130 mn and deposits of EUR 440 mn. According to the announcement transaction is estimated to have a modest positive impact on Group’s income and a limited impact on capital of c 30 bps.
Source: Euronext Athens
