AGP Executive Report
Last update: 11 hours agoEnergy Costs: Diesel averages €2.022 a litre, with one Limassol pump charging a record €2.126. Finance Minister Makis Keravnos is calling for more EU fiscal flexibility to help households and businesses facing rising energy costs and inflation. Economic Outlook: Cyprus’ leading index rose 0.28% year-on-year in September, supported by property sales, card spending and retail activity, though high oil prices and weaker confidence remain risks. Property & Housing: Valuers want faster, digitised permit approvals and better access to property data to boost housing supply and investment. In Limassol, rent for a two-bedroom flat can reach 91% of an average salary. Public Finances: The government surplus climbed to €1.59 billion as tax revenues surged, while inflation reached a three-year high. Markets: The Tel Aviv Stock Exchange is targeting a purchase of the Cyprus Stock Exchange; seven CSE-listed companies have also failed to publish half-yearly reports. Business: Foreign-controlled firms provide one in ten Cyprus jobs, with their contribution to the economy reaching €4.76 billion.
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