GREECE
Macro/Political:
- Greece’s Minister of Economy and Finance Kyriakos Pierrakakis has been elected President of the Eurogroup. He will assume office on 12 December 2025 and will serve a two-and-a-half-year term. Among others, President of the European Council António Costa wrote on X that Greece has come a long way over the past ten years, and that the election of Kyriakos Pierrakakis is a meaningful recognition of that progress. Greek Prime Minister Kyriakos Mitsotakis said it was a proud day for Greece, describing the election as a shining acknowledgment of the country’s positive trajectory.
Source: Bloomberg
- Farmers remained at roadblocks across the country today, holding local assemblies ahead of a nationwide meeting of blockade representatives scheduled for Saturday in Nikaia. This assembly may appoint a committee to represent all farmers if a meeting with the government is arranged. Furthermore, farmers from Macedonia were expected to move toward the port of Thessaloniki today in an effort to block it, escalating their protest.
Source: Kathimerini
- The turnover for the enterprises of the economy as a whole in October 2025 amounted to EUR 34.48bn recording an increase of 2.5% (y-o-y).
Source: ELSTAT
Markets:
- Aktor raised EUR 140mn at a yield 4.70% through the issuance of a 5-year bond. Demand was strong with the final orders’ books closing above EUR 440 mn.
Source: ATHEX
CYPRUS
Macro/Political:
- President of Cyprus Nikos Christodoulides and Turkish Cypriot leader Tufan Erhurman held a meeting under the auspices of UN Cyprus envoy Maria Holguin, during which they discussed a number of confidence building initiatives, the UN said in a statement. According to the UN, the meeting took place in a positive atmosphere, with the two leaders exchanging views on several issues and reaffirming that the ultimate goal remains a comprehensive solution to the Cyprus issue.
Furthermore, Christodoulides and Erhurman agreed to work on a series of trust-building measures, including discussions on the opening of new crossing points, the Halloumi/Hellim file, and the construction of pipelines from the Mia Milia/Haspolat Water Treatment Plant.
Source: Kathimerini
