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Minimum Wage Increase Reflects Economic Growth And Workers’ Real Needs

by THEFUTURE.TEAM

December 5, 2025

Government Initiative Aligned With Economic Strength

Minister Giannis Panagiotou emphasized at the 29th Conference of PEO that the forthcoming increase in the minimum wage will not be merely a symbolic gesture. Instead, it reflects the robust positive trajectory of the economy and addresses the genuine needs of workers. The government’s efforts are geared toward achieving a more equitable distribution of national income.

Economic Momentum And Fiscal Stability

During the first half of its current term, the government successfully reached key targets in economic growth, fiscal stability, debt reduction, and inflation control. Notably, a strategic agenda has been implemented to ensure that wage increases are in step with both the rising cost of living and the overall improvement in economic conditions. This deliberate policy approach underlines the administration’s commitment to aligning wage adjustments with sustained economic performance.

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Reinforcing Social Partnership And Collective Bargaining

In a significant step towards reinforcing industrial harmony, Minister Panagiotou noted that large-scale sectoral collective agreements have been renewed until the end of 2027. Concurrently, measures have been taken to secure the future role of the ATA institution, culminating in a permanent agreement that conclusively addresses previous ambiguities. These initiatives are designed to ensure effective protection for all workers.

Advancing Framework For Collective Negotiations

A comprehensive action plan to expand collective bargaining is underway in accordance with the European Directive, with a targeted completion within the first quarter of 2026. In parallel, the minister confirmed that the consultative process for revising the National Minimum Wage decree is nearing its conclusion. The forthcoming wage increase will mirror both the positive economic trends and the evolving needs of everyday life.

Future Reforms And Social Equity

Minister Panagiotou further underlined the crucial role of unified leadership and solidarity among the populace in ensuring a fair distribution of national income. He characterized the PEO conference as a momentous event influencing labor relations and social cooperation. Looking forward, he identified the reform of the pension system as a priority, aiming for a comprehensive overhaul—free from external pressures—that protects the interests of citizens, especially the most vulnerable.

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Bank of Cyprus Upgrade Signals Fresh Optimism For Greek And Cypriot Banks

by THEFUTURE.TEAM

June 26, 2026

Regional Banks Enter A More Favorable Cycle

Bank of Cyprus and Eurobank are well positioned to benefit from a renewed re-rating of Greek and Cypriot bank stocks, according to Cyprus-based investment firm Roemer Capital, which upgraded Bank of Cyprus to a buy rating and reaffirmed its positive view on Eurobank.

The firm cited easing geopolitical tensions, resilient economic growth in Greece and Cyprus, lower funding costs and Greece’s expected transition to developed-market status as the main factors supporting the sector.

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Roemer Capital also lowered its cost of equity assumptions, updated its forecasts following first-quarter 2026 results and extended its valuation horizon to the end of 2027, raising target prices across its banking coverage.

Bank Of Cyprus Gets The Largest Upgrade

Bank of Cyprus received the biggest revision, with Roemer Capital upgrading the stock from hold to buy and setting a target price of €11.10, implying potential total upside of 27%.

The firm highlighted the bank’s strong capital generation, profitability and projected 100% dividend payout, describing it as the strongest capital-return story among the banks under coverage. Roemer Capital maintained its buy rating on Eurobank, assigning a target price of €4.90 and forecasting potential upside of 28%. The report said the bank is well placed to benefit from loan growth, improving operating performance and merger-and-acquisition synergies.

National Bank of Greece and Piraeus Bank also retained buy ratings, with expected returns ranging from 25% to 36%. Optima Bank was upgraded to buy, while Alpha Bank remained at hold on valuation grounds.

Why Growth Still Sets The Region Apart

According to Roemer Capital, Greek and Cypriot banks continue to benefit from stronger economic fundamentals than many western European peers. The report pointed to faster economic growth, healthier balance sheets, low levels of non-performing exposures, capital ratios approaching 20% and strong customer deposit bases.

Analysts expect performing loans across the sector to grow at a compound annual rate of 6% to 8% through 2028, supported by private investment, digitalisation, green manufacturing, supply-chain expansion and a gradual recovery in household lending.

The report also said the conclusion of lending under the EU Recovery and Resilience Facility is unlikely to materially affect credit growth, as banks have already shifted back towards traditional commercial lending. Roemer Capital expects Euribor to remain between 2.2% and 2.5%, a level it believes should support both lending activity and net interest margins.

Geopolitics, Valuation And Market Structure Support The Case

The report said improving geopolitical conditions have strengthened the investment outlook, noting that Brent crude prices have largely returned to pre-war levels while Greek government bond yields have stabilised at around 3.5%. Although geopolitical risks remain, Roemer Capital believes the likelihood of a major inflationary shock or significant pressure on bank profitability has eased.

Another important catalyst identified by the firm is Greece’s expected promotion to developed-market status by FTSE Russell, STOXX and MSCI over the coming months.

According to the report, the reclassification should improve liquidity and attract a broader base of international investors. Roemer Capital also said Euronext’s acquisition of the Athens Exchange is expected to strengthen market infrastructure and increase international visibility, particularly for Bank of Cyprus and Optima Bank.

The firm noted that Bank of Cyprus has already benefited from its Athens listing, with average daily trading value increasing from less than €400,000 before its September 2024 move to nearly €6 million afterwards.

Economic Momentum Remains A Core Tailwind

Roemer Capital said both Greece and Cyprus have moved beyond post-crisis recovery and are now supported by private-sector-led growth. For Cyprus, the report highlighted recent tax reform and efforts to simplify the legal and regulatory framework, while also noting that limited foreign banking competition continues to support domestic lenders.

Overall, Roemer Capital expects Greek and Cypriot banks to remain well-positioned for profitable loan growth over the coming years.