GREECE
Macro/Political:
- The seasonally adjusted unemployment rate in September 2025 amounted to 8.2% compared to 9.7% in September 2025 (y-o-y) and to the upward revised 8.2% in August 2025.
Source: ELSTAT
- According to Capital.gr, the PDMA will hold meetings in Japan and Hong Kong in mid-November. The PDMA’s goal is to raise capital from these traditionally “difficult” investor markets. It is also worth noting that the Japanese credit rating agency R&I recently upgraded Greece’s credit rating to BBB.
Source: Capital.gr
Markets:
- Eurobank’s net income in 3Q25 stood at EUR 342,4mn compared to EUR 376.5mn in 2Q25. 9M25 net profit stood at EUR 1,032.9mn versus EUR 1,134.9mn in 9M24. The Bank’s NPE ratio was 2.8% and NPE coverage ratio at 94%. Total Capital ratio and CET1 ratio stood at 18.9% and 15.5% respectively.
Source: ATHEX
- Piraeus Bank’s net income in 3Q25 stood at EUR 278mn compared to EUR 292 mn in 2Q25. 9M25 net profit stood at EUR 854mn.The Bank’s NPE ratio was 2.5% and NPE coverage ratio at 71%. Total Capital ratio and CET1 ratio stood at 20.6% and 14.6% respectively.
Source: ATHEX
- LAMDA will issue a common bond loan with a duration of seven years, with a minimum amount of EUR 400 mn and a maximum amount of EUR 500 mn. The bonds will be offered through a public offering and will be admitted to trading on the Fixed Income Securities segment of the regulated market of ATHEX.
Source: ATHEX
CYPRUS
Macro/Political:
- According to the Economic Research Centre of the University of Cyprus, Cyprus’ economic growth is projected to moderate from 3.9% in 2024 to 3.5% in 2025 and hold steady at 3.5% in 2026. Compared to the July forecast, the growth projection has been revised upward by 0.3% in 2025 and 0.2% in 2026, reflecting the upward revisions in the national accounts data published in October. CPI inflation is expected to fall from 1.8% in 2024 to 0.3% in 2025, and to pick up to 2% in 2026.Forecast has been revised downwards by 0.7% compared with July forecast, as a result of a lower than expected inflation in the 3Q25 and new declines in international oil prices.
Source: UCY
- In August 2025, revenue from tourism reached EUR 581.8mn, recording an increase of 13.8% as compared to the corresponding month of the previous year. For the period of January-August 2025, revenue from tourism is estimated at EUR 2,472.9mn compared to EUR 2,121.8mn in the corresponding period of 2024, recording an increase of 16.5%.
Source: CyStat
- In August 2025, the Industrial Production Index reached 91,1 units recording an increase of 0,8% (y-o-y). For the period January – August 2025, the index recorded an increase of 2,8% compared to the corresponding period of the previous year.
Source: CyStat
