Article

A video surfaced implicating several individuals in a corruption scandal in Cyprus, coinciding with the country's European presidency. The footage features dialogues about kickbacks involving the brother-in-law of President Christodoulides, a former minister, a construction magnate, and Dutch investors.

Political repercussions are expected, including potential resignations, particularly of the director of the President's office. The incident raises serious concerns for Cyprus' political stability. Meanwhile, in Greece, discussions about the new Karystianou party and internal SYRIZA dissent continue, as potential electoral shifts loom.

Additionally, economic developments are noted, including the performance of GEK TERNA and Coca-Cola HBC, as well as ongoing restructuring in the shipping sector with GasLog's new LNG carrier. The economic landscape is further complicated by ongoing issues in the real estate market and the impact of U.S. policy on institutional investment.