Central Bank of Cyprus projects that the Cypriot economy will grow by 3.1% in 2025.

Macro/Political:

• On June 25, Greece will auction 26 Weeks T-Bills with maturity December 29, 2025. The amount to be auctioned is EUR 500mn.
  Source: PDMA

• Scope Ratings, in its Mid-Year Global Economic Outlook, projects the Greek economy to grow by 2.1%, a 0.3pp increase from its previous projection.
  Source: Scope

• The intensity and duration of the Israel–Iran conflict will be critical in determining its impact on the Greek economy, according to Bank of Greece Governor Yannis Stournaras, who cited risks of stagflation and broader geopolitical instability.
  Meanwhile, Economy and Finance Minister Kyriakos Pierrakakis stated that Greece enters this crisis from a position of increased resilience. However, he warned that a deeper escalation could have global consequences, with no economy left untouched.
  Source: Kathimerini
  

• The Overall Turnover Index in Industry (both Domestic and Non-Domestic Market) in April 2025 recorded a decrease of 9.1% (y-o-y) while it increased by 5.7% (m-o-m).
  Source: ELSTAT

Macro/Political:

• In its macroeconomic forecast – June 2025, the Central Bank of Cyprus (CBC) projects that the Cypriot economy will grow by 3.1% this year (-0.1pp from previous forecast in December 2024). CBC expects Cyprus’ GDP to increase by 3% (-0.1ppfrom previous forecast) in 2026 and 2027 (unchanged). Unemployment rate is expected to decline to 4.7% in 2025 (from 4.9% in 2024), 4.8% in 2026 and 4.7% in 2027. According to the CBC, inflation is expected to drop to 2.1% this year, and 1.9% in 2026.
  Source: CBC

• Scope Ratings, in its Mid-Year Global Economic Outlook, projects Cyprus economy will grow by 2.7%, a 0.3pp decrease from its previous projection.
  Source: Scope