AGP Executive Report
Last update: 10 hours agoPension Reform Under IMF Scrutiny: The IMF warns Cyprus that ageing-related pension and health spending could rise above 4% of GDP by 2050, urging the government to protect fiscal space as it prepares the second phase of pension reform, including how retirement age links to life expectancy. UN Cyprus Talks Move to Brussels: UN envoy María Ángela Holguín is set to brief UN Secretary-General António Guterres on the next steps for the Cyprus issue, with consultations continuing in Brussels before she returns to meet both leaders in early July. Turkish Cypriot Journalist Dies: President Nikos Christodoulides mourned the death of Turkish Cypriot journalist Sevgül Uludağ, praising her decades of work on missing persons and her push for coexistence. Tax Crackdown for Summer Businesses: Cyprus’ Tax Department will begin surprise checks in tourist areas, with powers to suspend operations for firms failing to issue receipts or owing over €20,000, starting with summer-heavy sectors. Road Safety Rule Hits Delivery Riders: From July 1, learner motorcycle licence holders will be restricted to supervised training, likely forcing many delivery riders to obtain full licences sooner.
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