Greece and Cyprus prepare for major political and economic developments

The Greek government is preparing for the 90th IMF Article IV consultation. Prime Minister Kyriakos Mitsotakis is scheduled to deliver a speech at Vellidio on September 5, outlining the government's framework for the upcoming economic measures. Current planning focuses on maintaining the existing fiscal framework, with officials emphasizing that the measures are not intended to be discouraging. Additionally, the government is working to finalize Recovery and Resilience Fund projects by August 31 to meet the September 30 deadline for the final payment request to the European Commission.

In Cyprus, political activity is set to intensify with a scheduled meeting on August 26 between President Nikos Christodoulides and Turkish Cypriot leader Tufan Erkurman. The discussions are expected to focus on Confidence Building Measures and key points of progress in the ongoing negotiations. Meanwhile, the new Parliament, following the May elections, is preparing to resume operations, facing challenges regarding pending legislation and major reforms.