Scheduled Meeting Between Mitsotakis and Erdogan postponed.

Local Eye

Sep. 24, 2025

GREECE

Macro/Political:

  • Greece will today auction 26 Weeks T-Bills with maturity March 27, 2026. The amount to be auctioned is EUR 500mn.
    Source: PDMA

 

  • The scheduled meeting between Greek PM Kyriakos Mitsotakis and Turkish President Tayyip Erdogan has been postponed. The Turkish side requested the postponement because the Turkish president will participate in a meeting of leaders of Arab and Muslim countries in New York, organized by U.S. President Donald Trump.
    Source: Kathimerini

 

  • The bipartisan leadership of the Congressional Caucus on Hellenic Issues warned the U.S. administration against selling F-35 fighter jets to Turkey. Representatives Gus Bilirakis, Chris Pappas, and Nicole Malliotakis argued such a move would set a dangerous precedent. They stressed that Turkey’s continued possession of Russian missile systems violates U.S. law and should not be rewarded. The warning came ahead of the planned meeting between President Trump and Turkish President Erdogan on Thursday.
    Source: Kathimerini

 

Markets:

  • Moody’s Ratings has  assigned a ‘B3’  issue rating to Intralot S.A.’s proposed EUR 850mn senior secured notes.
    Source: Moody’s

CYPRUS

Macro/ Political:

  • In its macroeconomic forecast – September 2025, the Central Bank of Cyprus (CBC) projects that the Cypriot economy will grow by 3.3% this year (+0.2pp from previous forecast in June 2025). CBC expects Cyprus’ GDP to increase by 3% in 2026 and 2027. Unemployment rate is expected to decline to 4.6% in 2025 (from 4.9% in 2024), 4.7% in 2026 and 2027 respectively. According to the CBC, inflation is expected to drop to 1% this year, and  2% in 2026.
    Source: CBC

 

  • In yesterday’s meeting between Cyprus’s President Christodoulides and Greek PM Mitsotakis in New York, strong emphasis was placed on the EU’s supporting role in the GSI project. According to the same sources, Cyprus and Greece are in close coordination with European Commission President Ursula von der Leyen and European Council President Antonio Costa, as the project is of common interest.
    Source: StockWatch