GREECE
Macro/Political:
- Greek PM Kyriakos Mitsotakis, in an interview with Bloomberg, said that it is very likely there will be a surplus in the state budget this year. He also stated that he is in favour of cross-border banking consolidation in Europe and welcomed the investment of UniCredit in Alpha Bank. Mitsotakis also noted, “If we truly mean what we say about creating scale in the banking union, we must be open to these kinds of transactions.”
Source: Bloomberg
- In June 2025, the number of issued building permits in Greece amounted to 2,566 recording an increase of 6.1%, y-o-y. During the period January – June 2025, Total Building Activity (private-public) in Greece recorded a 13.8% decrease in the number of issued building permits, a 23.9% decrease in surface and an 18.3% decrease in volume, compared with the corresponding period of 2024.
Source: Elstat
Markets:
- OPAP will exercise the call option for early repayment of the total bonds issued under the common bond loan dated 0ct. 27, 2020. The early repayment right will be exercised on Oct. 27, 2025 by paying the bondholders 100.5% of the nominal value of the CBL plus accrued interest and other expenses and taxes.
Source: Bloomberg
CYPRUS
Macro/ Political:
- The latest Kathimerini Cyprus / IMR poll indicates a highly competitive and fluid political environment, with no party holding a clear lead. AKEL records around 21%, showing stable support and relatively high cohesion among its voters. DISY follows closely at approximately 20%, maintaining a strong base but experiencing lower internal unity. ELAM is positioned third with about 14%, showing steady growth in recent polls. The new political formation ALMA registers near 11%, drawing support mainly from voters outside the traditional party system, while DIKO gathers around 8%, maintaining a consistent but smaller share of the electorate. The results suggest a fragmented political landscape, with voter preferences still in flux and no dominant force emerging ahead of future elections.
Source: Kathimerini.com.cy - Energy Minister Giorgos Papanastasiou confirmed that the Ministry of Energy is awaiting legal advice from the state legal service concerning the European Commission’s demand for Cyprus to repay EUR 67.2 mn in EU funding. This funding was allocated under the Connecting Europe Facility for the construction of the liquefied natural gas terminal at Vasilikos.
Source: stockwatch.com.cy
- In September 2025, economic sentiment in Cyprus deteriorated further, as the Economic Sentiment Indicator (ESI-CypERC) declined by 1.6 points (m-o-m) to 102.1. This decline was driven by weakening business confidence in the services and construction sectors.
Source: ucy.ac.cy
