GREECE
Macro/Political
• Greece will today proceed with an auction for the re-opening of the GGB 3.625% with maturity June 15, 2035 (ISIN GR0124041758). The amount to be auctioned is up to EUR 250mn. This operation comes to satisfy investors’ demand, also facilitating secondary market’s operation.
Source: pdma.gr
CYPRUS
Markets
• The EU Commission issued a positive preliminary assessment of Cyprus’s third payment request for €76.9 million under NextGenerationEU, the centrepiece of Europe’s recovery efforts to build a greener, more digital, and competitive Union. The Commission’s preliminary assessment finds that Cyprus has fulfilled the milestones and targets required for this payment, financed under the Recovery and Resilience Facility. The amount of EUR 76.9mln represents the third instalment under Cyprus’ recovery and resilience plan.
Source: EU Commission
• Cypriot President Nikos Christodoulides expressed confidence in the country’s tourism recovery, highlighting its resilience despite challenges such as the Covid-19 pandemic and the loss of the Russian market. Speaking at the Association of Cyprus Tourist Enterprises (Stek) assembly, he emphasized that tourism has returned to high-performance levels, with record results and positive prospects for 2025. The government now aims to enhance competitiveness through sustainable and socially responsible policies, with a focus on addressing climate change. Christodoulides stated that the industry is moving forward with steady progress, optimism, and confidence.
