GREECE
Macro/Political:
- During Tuesday’s Cabinet meeting, Greek Prime Minister Kyriakos Mitsotakis gave a clear indication of the government’s intentions regarding the timing of the next general election, which is expected to take place in early 2027, preferably in the spring, according to reports. The Prime Minister stated that the government’s priorities include two major infrastructure projects: completing repairs to the rail network damaged by the devastating floods of 2023 and accelerating the construction timeline for the road overpass around the city of Thessaloniki. Furthermore, Mitsotakis announced that additional subsidy payments would be made to farmers, noting that total subsidy disbursements are expected to reach EUR 1 billion following a new round of payments this autumn.
Source: Kathimerini
- The Overall Turnover Index in Retail Trade in April 2026 increased by 4% (y-o-y) and 1.1% (m-o-m). The Overall Volume Index in Retail Trade decrease by 0.1% (y-o-y) and 0.3% (m-o-m).
Source: ELSTAT
Markets:
- GEK TERNA announced the successful completion of the private placement of 15,513,493 new shares, to qualified, institutional, and other eligible investors who participated in the accelerated book build process. Based on the results of the accelerated book build process, the offering price of the New Shares was set at EUR 42.50 per New Share. In response to strong market demand from high-quality investors, the Company increased the size of the Private Placement, raising EUR 659,323,452.50, approximately 32% above the EUR 500 mn originally envisaged. Total demand expressed at the Offering Price was approximately EUR 3 bn.
Source: Euronext Athens
CYPRUS
Macro/Political:
- Preliminary data released by CyStat showed that the General Government fiscal balance for the period of January- May 2026 presented a surplus of EUR 552.9 mn (1.4% of GDP) compared to a surplus of EUR 554.5mn (1.5% of GDP) in the same period of 2025. Primary balance recorded a surplus of EUR 791.3mn versus a surplus of EUR 750.6mn in the corresponding period of 2025. During Jan- May 2026 total expenditure increased by EUR 274.1 mn (+5.1%) to EUR 5,652.4mn from EUR 5,378.3 mn in the corresponding period of 2025. Total revenue increased by EUR 282.5mn (+4.8%) to EUR 6,205.3 mn compared to EUR 5,922.8mn in the same period of 2025. Particularly, in May 2026 the General government fiscal balance presented a deficit of EUR 68.5mn (Primary balance deficit EUR 8.1mn).
Source: Cystat
- Minister of Energy Mr Michael Damianos announced the signing of the Commercial Discovery Continued Collaboration Statement between ExxonMobil and Qatar Energy. The Minister described the signing of the declaration as an important milestone for offshore exploration in Cyprus’ Exclusive Economic Zone (EEZ), reaffirming both its significant potential and the parties’ shared commitment to the responsible development of the natural gas resources in Block 10.
Source: Ministry of Energy
