Highlights

Diesel has become the most expensive fuel at European filling stations, with the average price across the European Union reaching a record €2.226 per litre on 21 September 2026. According to the European Commission’s Weekly Oil Bulletin, the figure represents the highest EU-wide diesel price recorded since the series began in 2005. It is also 13.4 cents per litre higher than the average price of Euro-super 95 petrol. At current prices, filling a 50-litre diesel tank costs

The Cyprus Securities and Exchange Commission (CySEC) has instructed fund managers and self-managed investment funds to submit their statistical returns for the third quarter of 2026 by October 30, 2026, warning that failure to file on time or submitting incomplete information could result in administrative penalties. In a circular issued this week, CySEC said the reporting obligation covers Alternative Investment Fund Managers (AIFMs), UCITS management companies, internall

Business activity across the euro zone expanded in September at its fastest pace in more than three years, according to preliminary business surveys, indicating that the region’s economy has remained resilient despite higher energy costs linked to conflicts in the Middle East and Ukraine. The S&P Global Flash Euro Zone Composite PMI Output Index rose to 53.1 in September from 52.0 in August. Readings above 50 indicate that activity is expanding. The September result exceeded

Moody’s Ratings has revised the outlook on National Bank of Greece’s long-term deposit ratings to positive from stable while affirming the bank’s long-term deposit and senior unsecured debt ratings at Baa1. The action follows Moody’s recent revision of Greece’s sovereign rating outlook to positive from stable. Greece’s sovereign rating remains unchanged at Baa3. The change in the bank’s deposit outlook is linked directly to the improved outlook for the sovereign rating. Moody

Euro area households hold almost €10 trillion in cash and bank deposits, representing around one-third of their financial assets, while approximately 80% do not own stocks or other market-based financial instruments, according to a European Central Bank analysis published on 15 September 2026. The analysis examines household saving and investment patterns across the euro area and compares them with those of US households. It identifies significant differences in the compositi

S&P Global Ratings has upgraded Cyprus’ long-term and short-term sovereign credit ratings from A-/A-2 to A/A-1, while maintaining a positive outlook for the long-term rating. The decision, announced on 18 September 2026, places Cyprus in the A rating category for the first time since 2010. The upgrade applies to Cyprus’ long-term and short-term credit ratings in both local and foreign currency. The positive outlook means that the long-term rating remains subject to the possib

US interest rates have been increased for the first time in more than three years, with the Federal Reserve indicating that further rises could follow as it seeks to bring persistent inflation under control. The Federal Reserve unanimously voted to raise its benchmark interest-rate range from 3.5%-3.75% to 3.75%-4%. The decision came despite strong opposition from President Donald Trump, who had repeatedly urged the central bank to reduce borrowing costs. Fed Chair Kevin Wars

National Bank of Greece (NBG) will cancel 11,580,849 treasury shares acquired under its share buyback programme, representing 1.27% of its share capital, as the bank continues a separate tranche of purchases on the Athens Stock Exchange. The shares scheduled for cancellation on 17 September 2026 were acquired between 4 June 2025 and 27 March 2026 under a buyback programme approved by NBG shareholders. The bank paid a weighted average price of €12.6171 per share, bringing the