Greece’s Minister of Economy and Finance said that Greece will proceed with an early debt repayment of EUR 6.9bn

Macro/Political:

• Minister of Economy and Finance Mr Kyriakos Pierrakakis told Reuters that Greece will proceed with an early debt repayment of EUR 6.9 bn on the first bailout loans it received from European countries. The Minister added that, through Greece early repayment programme, public debt expected to decline further, to around 130% of GDP.
  Source: Proto Thema

• Greece on Wednesday won a London court ruling supporting its plan to buy back GDP-linked securities issued to holders of government bonds as part of the country’s 2012 sovereign debt restructuring.
  Greece had informed investors of its intention to repurchase all outstanding warrants due in 2042 at a call price of just over EUR 0.25.
  A group of investors, represented by law firm White & Case, challenged the move, arguing that Greece had not validly exercised its option to buy back the securities or correctly calculated the call price.
  Source: Reuters

• In April 2026, the Athens International airport’s passenger traffic amounted to 2,736 mn, 1% higher than February 2025. During Jan-Apr 2026, the airport’s passenger traffic reached 9.01 mn, above the 2025 levels by 5.9%.
  Source: Athens Euronext

• The trade balance in February 2026 presented a deficit of EUR 2,791.8 mn compared to a deficit of EUR 2,442.9mn in February 2025, recording an increase of 14.3%. The total value of imports amounted to EUR 6,711.7mn (+3.1% y-o-y) while the total value of exports was EUR 3,919.9mn (-3.6% y-o-y). The deficit of the trade balance, for the 2-month period from January to February 2026 amounted to EUR 5,642.1mn in comparison with EUR 5,279.4mn for the corresponding period of the year 2025, recording an increase of 6.9%.
  Source: ELSTAT

Markets:

• Eurobank announced that, further to its announcement dated 13 October 2025, it has entered into a definitive share purchase agreement with entities controlled by Fairfax Financial Holdings in connection with the acquisition of 80% of Eurolife FFH Life Insurance Single Member S.A. The consideration for Eurolife Life amounts to approximately EUR 813 mn. Following completion of the transaction, Eurobank will own 100% of Eurolife Life and will continue to hold a 20% stake in Eurolife Holdings’ general insurance business. Eurobank also confirms that the previously announced transaction regarding the sale of a 45% stake in ERB Asfalistiki (Cyprus) is expected to be signed in the coming weeks, subject to receipt of the required corporate approvals, for a cash consideration of approximately EUR 55 mn. Finally, the estimated impact of the transaction on the Group’s P&L and CET1 ratio remains in line with the previous announcement.
  Source: Euronext Athens

• Metlen announced its trading update for 1Q26, reporting a EUR 2.05 bn revenue (+37% y-o-y). The company delivered a strong start to the year, reflecting solid momentum across its Energy, Metals, and Infrastructure segments, alongside continued execution of its strategic investment program, which points to a rapid return to its medium-term growth trajectory. Looking ahead, management maintains a cautiously optimistic outlook for 2026, supported by a strong project pipeline, increasing demand and prices across its core sectors, and the continued execution of the company’s investment program.
  Source: Euronext Athens

• Titan announced its trading update for 1Q26, reporting total group sales of EUR 636.1 mn (-0.4% y-o-y), EBITDA of EUR 137.8 mn (+12.4% y-o-y), and profit after tax of EUR 68 mn (+46.5% y-o-y). Titan’s outlook for 2026 remains cautiously optimistic, despite ongoing uncertainties in the Middle East, as the company expects stable volumes and an improved price-cost environment, which is anticipated to support further margin expansion.
  Source: Euronext Athens

• Greek hospitality group Sani/Ikos Group is preparing a new five-star resort in Western Crete, named Ikos Kissamos. This EUR 220 mn investment is the group’s largest greenfield project to date. The newly built resort spans 214,000 square metres and features 420 rooms, suites, and bungalows. It is being developed across four distinct hospitality zones: the Main Village, the River Village, the Dunes Village, and the Sea Village.
  Source: Kathimerini