GREECE
Macro/Political:
- On August 20, Greece will auction 26 Weeks T-Bills with maturity February 20, 2026. The amount to be auctioned is EUR 500mn.
Source: PDMA - Preliminary data released by the MoF showed that the State Budget balance on a modified cash basis for January – July 2025 presented a surplus of EUR 2,188mn, against a target of a deficit of EUR 1,961mn and a deficit of EUR 139mn for the same period of 2024. The State Budget Primary Balance amounted to a surplus of EUR 7,959 mn, against the primary surplus target of EUR 3,599mn and a primary surplus of EUR 5,665 mn in the same period of last year. It is noted that an amount of EUR 2,208 mn which refers to the time differentiation of payments from ordinary budget and an amount of EUR 605 mn which refers to the time differentiation of PIB payments, do not affect the outcome in fiscal terms.
For January – July 2025, State Budget net revenues amounted to EUR 42,858mn, showing an increase of EUR 822mn or 2.0% against the target. State Budget expenditures amounted to EUR 40,671mn, EUR 3,326mn lower than the target.
Source: Ministry of Economy and Finance
CYPRUS
Macro/Political
- Data published by the CBC showed that in May 2025 the non-performing loans (aggregate data for all credit institutions) in Cyprus decreased slightly by EUR 0.3mn (m-o-m) to EUR 1,492.9mn (NPL ratio remained stable at 5.9%) from EUR 1,493,2mn in April 2025.
Source: CBC
