GREECE
Macro Political
• In March 2025, the weighted average interest rate on new deposits stood at 0.39%, while the corresponding rate on new loans decreased to 4.75%. The interest rate spread between new deposits and loans decreased to 4.36 percentage points.
Source: BoG
Markets
• PPC announced the start of the second phase of construction for the 490MW photovoltaic plant in Megalopoli, a project that will meet the energy needs of 251,000 households and prevent the emission of 430,000 tons of CO₂ annually.
Source: ATHEX
CYPRUS
Macro Political
• The President of the European Parliament, Roberta Metsola, will meet with Cyprus President Nicos Christodoulides in Cyprus this Saturday.
Source: Kathimerini
• Total passenger traffic at Larnaca and Paphos Airport in April 2025 stood at 1,157,414 passengers recording an increase of 20.66% compared to April 2024. For the period of January – April 2025 the passenger traffic increased by 11.83% compared to the corresponding period in the previous year.
Source: Economy Today
• Data published by the CBC showed that in February 2025 the non-performing loans (aggregate data for all credit institutions) in Cyprus decreased marginally by EUR 10.49mn (m-o-m) to EUR 1,594.7mn (NPL ratio at 6.2%) from EUR 1,560.2mn (NPL ratio at 6.3%) in January 2025.
Source: CBC
• According to seasonally adjusted data released by Cystat, in April 2025 the number of registered unemployed persons in Cyprus decreased to 9,655 compared to 10,035 in March 2025 and 11,043 in April 2024.
Source: Cystat
Markets:
• Moody’s upgraded Bank of Cyprus long term ratings and assessments to Baa3 from Ba1, stable outlook. Bank of Cyprus long term senior and junior unsecured (MTN) ratings upgraded to Baa3 from Ba1, the senior unsecured rating was upgraded to Baa3 from Baa1 and the subordinate debt ratings were upgraded to Ba1 from Ba2.
Source: Moody’s
