GREECE
Macro/Political:
- Greece’s Manufacturing PMI posted 54.4 in February 2026, up from 54.2 in January 2026, and indicated a solid improvement in operating conditions at goods producers, and one that was the quickest since August 2025. Overall growth was supported by sharper expansion in output and new orders, with the increase in the former the fastest in almost a year. Notably, the improvement in demand conditions was largely centred on the domestic market, as new export orders returned to decline midway through the first quarter.
Source: PMI
Markets:
- Optima Bank’s net income in 4Q25 stood at EUR 46.7mn compared to EUR 42.3 mn in 3Q25. FY25 net profit stood at EUR 170mn. The Bank’s NPE ratio was 1.31%. Total Capital ratio stood at 14.87%.
Source: ATHEX
- Aegean will announce FY25 financial results on Thursday 12/03/2026.
Source:ATHEX
CYPRUS
Macro/Political:
- Cyprus will remain on high alert as developments in the Middle East conflict involving Iran, the United States and Israel continue to unfold rapidly. Yesterday afternoon, Greece deployed two pairs of F-16 fighter jets and two frigates to Cyprus. Today, Greek Defence Minister Nikos Dendias is expected to arrive in Cyprus for a meeting with President Christodoulides. Furthermore, France is also strengthening Cyprus’ defence by sending missile systems, anti-drone technology and a frigate. The move follows two phone calls held on Monday between President Christodoulides and French President Emmanuel Macron, during which the Cypriot leader formally requested support.
- According to data released by Cystat, Cyprus’ GDP growth rate in 2025 is estimated at 3.8% (y-o-y) in real terms.
Source: CyStat
- In December 2025, revenue from tourism reached EUR 96.7mn, recording an increase of 11.3% as compared to the corresponding month of the previous year. For the period of January-December 2025, revenue from tourism is estimated at EUR 3,696.1mn compared to EUR 3,209.4mn in the corresponding period of 2024, recording an increase of 15,2%.
Source: CyStat
- The Turnover Value Index of Retail Trade (except of motor vehicles) for January 2026 increased by 7.4% compared to the corresponding month of the previous year. For the same month, the Turnover Volume Index of Retail Trade increased by 8.3% compared to the corresponding month of previous year.
Source: CyStat
