GREECE
Macro/Political:
- The supply chain in Greece has been dealt a significant blow by the farmers blockades, which will have been ongoing for a full month by Tuesday. More specifically, the cost of goods processing and distribution has risen by 10–25% compared to levels prior to November 30, with supermarkets warning that this increase will, sooner or later, be passed on to the final consumer. Furthermore, road routes that under normal circumstances, such as Thessaloniki-Athens, take approximately 6.5 hours now require up to 11 hours. Another indication of the pressure on the market is that fares for the basic Athens-Thessaloniki route, which typically run around EUR 600, are now approaching EUR 700. For the supermarket sector, this translates into an additional cost of approximately EUR 100,000-200,000 per month. Most businesses are currently absorbing these losses, but many market executives warn that if the situation continues, the increased costs will be passed on to consumers.
Source: Kathimerini
CYPRUS
Macro/Political:
- According to Kathimerini, Cyprus is expected to issue a bond in early 2026, as it is well noted that Cyprus did not make any issuance in 2025. More specifically, the total issuance is expected to amount to EUR 1bn and is likely to take place as early as January. According to Kathimerini, the PDMO is already undertaking all the necessary procedures for the bond issuance. Furthermore, according to sources from the Ministry of Finance, the current environment in the financial markets is beneficial for Cyprus, and the bond should be issued as soon as possible in the coming year.
Source: Kathimerini - In October 2025, the Industrial Production Index reached 116,4 recording an increase of 3.5% compared to October 2024. For the period January – October 2025, the index recorded an increase of 3.1% compared to the corresponding period of the previous year.
Source: CyStat
