AGP Executive Report
Last update: 9 hours agoCyprus Commemorations: Cyprus marked the 52nd anniversary of the second phase of the 1974 Turkish invasion, with Foreign Minister Constantinos Kombos saying Turkey’s crimes are “not time-barred” and not “forgiven” or “covered up.” Cyprus Issue Talks: Turkish Cypriot leader Tufan Erhürman said “ground is beginning to emerge for renegotiation,” but insisted a 5+1 meeting without Turkey is “not possible,” pointing to UN Secretary-General António Guterres’ visit and pushing weekly contact with President Christodoulides. Energy & Regional Links: The Great Sea Interconnector inched forward as Greece’s IPTO/DEDDIE filed an investment request for the Cyprus–Israel section, starting the process on how cross-border costs will be allocated. Economy & Finance: Greek banking groups with operations in Cyprus reported stronger Q2 results, supporting upgraded 2026–27 targets; analysts highlighted resilient interest income and fee growth. EU Rules Hitting Cyprus Markets: New EU vehicle recycling rules entered into force, tightening controls on used-car exports and adding recycled-plastic targets that will affect Cyprus’ booming used-car trade. Tech & Skills: A look at Cyprus’ push into AI and fintech notes rapid startup growth, but warns the workforce pipeline still lags in STEM enrolment versus demand. Local Governance: Paralimni secured planning permission for a central redevelopment aimed at improving streets, pavements, green space and parking to boost local commerce. Public Scrutiny on Fuel Prices: The consumers association raised fresh questions after reports that the cost of filling a 1,000-litre heating oil tank has surged by nearly €500 since March, asking whether retail fuel prices are being properly monitored.
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