President Nikos Christodoulides announced six cabinet changes in his second major reshuffle

Macro/Political:

• According to available seasonally adjusted provisional data Greece’s GDP in volume terms increased by 0.6% (q-o-q) and by 2% (y-o-y).
  Source: ELSTAT

Markets:

• Aktor announced the issuance of a common, interest-bearing bond loan with a nominal amount of up to EUR 140 million and a minimum EUR 90 million. The bond will have a duration of five years. The public offering will take place from Tuesday, 9 December 2025, to Thursday, 11 December 2025. The yield range has been set at 4.7%–5.0%.
  Source: ATHEX
  

Macro/Political:

• Cyprus President Nikos Christodoulides on Friday announced six cabinet changes in his second major reshuffle and the first in nearly two years. Health Minister Michael Damianos has been reassigned to the energy ministry, while Dipa MP Marinos Mousiouttas takes over as labour minister. Konstantinos Fytiris becomes the new justice minister, with outgoing minister Marios Hartsiotis moving to the role of Commissioner of the Presidency. Neophytos Charalambides has been appointed health minister, and Clea Hadjistefanou-Papaellina is the new deputy minister for social welfare. Leaving the cabinet are former labour minister Yiannis Panayiotou, former energy minister George Papanastasiou, and former social welfare deputy minister Marilena Evangelou.
  Source: Cyprus Mail

• Preliminary data released by CyStat showed that the General Government fiscal balance for the period of January- October 2025 presented a surplus of EUR 1,119mn (3.1% of GDP) compared to a surplus of EUR 1,320.9mn (3.8% of GDP) in the same period of 2024. Primary balance recorded a surplus of EUR 1,477.6mn versus a surplus of EUR 1,674.0mn in the corresponding period of 2024. During Jan- Oct 2025 total expenditure increased by EUR 860,4mn (+8.3%) to EUR 11,213.5mn from EUR 10,353.1mn in the corresponding period of 2024. Total revenue increased by EUR 658,5mn (+5.6%) to EUR 12,332.5 mn compared to EUR 11,674 mn in the same period of 2024. Particularly, in October 2025 the General government fiscal balance presented a deficit of EUR 24.8mn (Primary balance surplus of EUR 7.6mn).
  Source: CyStat

• In September 2025, the Industrial Turnover Index reached 151,8 units recording an increase of 5.6% (y-o-y). For the period January – September 2025, the index recorded an increase of 4.2% compared to the corresponding period of the previous year. 
  Source: CyStat