PPC Shareholders Approved Capital Increase

Local Eye

May. 15, 2026

GREECE

Macro/Political:

  • An IMF report noted that Greece is now one of only five EU countries running a primary surplus. This marks a striking reversal and underscores how far the country’s public finances have progressed. The shift reflects, in no small part, a transformed tax administration that has steadily closed compliance gaps and rebuilt fiscal credibility, one of the quiet engines behind Greece’s broader economic recovery. Furthermore, the IMF’s latest annual assessment of the Greek economy finds that the country is well positioned to cope with external shocks, including those stemming from the war in the Middle East. This reflects strengthened fiscal sustainability and financial stability.

    Source: IMF

Markets:

  • PPC announced that the Extraordinary General Meeting EGM of shareholders approved the increase in the Company’s share capital. At the meeting, 596 shareholders were legally represented, accounting for 70.21% of the total ordinary shares. A total of 96.96% of the valid votes cast were in favour of the share capital increase.
    Source: Athens Euronext

CYPRUS

Macro/Political:

  • According to the latest poll conducted by Sigma TV, the estimated results for the parliamentary elections show that the Democratic Rally (DISY) is expected to lead with 20%–24%, while AKEL is projected to come second with 18.4%–22.4%.

    The far-right party ELAM is expected to place third, with support ranging from 10.4% to 14.4%, while the newly created parties ALMA and Direct Democracy are expected to finish fourth and fifth, respectively, with support ranging from 8.3% to 10.3%.

    Source: Sigma Live

     

  • In January 2026, the number of building permits authorized by the municipal authorities in Cyprus stood at 789. Compared to the corresponding month of the previous year, the number of building permits issued increased by 76.9%.
    Source: CyStat