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Inflation in Cyprus stood at 0.1%, while in Greece it reached 2.9% in December

Local Eye

Jan. 8, 2026

GREECE

Macro/Political:

  • The Greek PDMA announced that during the 13W T-Bills auction of EUR 400mn which took place yesterday, the total bids reached EUR 903mn and the amount finally accepted was EUR 500mn at a uniform yield of 1.70% (vs 1.72% in the previous 13W T-Bills auction in October 2025).
    Source: PDMA
  • Data released by Eurostat showed that the annual inflation in Greece is expected to be 2.9% in December from 2.8% in November 2025.
    Source: Eurostat
  • The Greek government yesterday presented a detailed package of measures aimed at breaking a month-long deadlock with farmers protesting delayed EU subsidy payments, rising production costs, and other grievances. Deputy Prime Minister Kostis Hatzidakis said that farmers had submitted 27 demands, of which 16 have been fully or largely met, seven fall outside fiscal limits or the EU framework, and four remain under review.
    Minister of Rural Development and Food Kostas Tsiaras said the package goes beyond short-term relief and aims to build a sustainable future for agricultural production. However, farmers have decided to escalate nationwide protests, dismissing the government’s measures as insufficient and demanding a meeting with Prime Minister Kyriakos Mitsotakis, just hours after the announcement of the new package.
    Source: Kathimerini

CYPRUS

Macro/Political:

  • Data released by Eurostat showed that the annual inflation in Cyprus is expected to be 0.1% in November from 0.1% in October 2025.
    Source: Eurostat
  • According to seasonally adjusted data released by CyStat, in December 2025 the number of registered unemployed persons in Cyprus decreased to 9.916 persons compared to 10.013 in previous month.
    Source: CyStat
  • In December 2025, economic sentiment in Cyprus improved, as the Economic Sentiment Indicator (ESI-CypERC) rose by 1.6 points (m-o-m) to 105.6. This increase was driven by stronger business confidence in the services and retail sectors, as well as by stronger consumer confidence.
    Source: UCY
  • President of Cyprus Mr Nikos Christodoulides has a series of important meetings today. Among others, he will meet with the Secretary General of the Arab League, Ahmed Aboul Gheit, and the Chief Operating Officer of ENI, Mr. Guido Basco.
    Source: InBusiness
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