AGP Executive Report
Last update: 11 hours agoIndustrial Relations: Cyprus unions say the government’s stance is shifting on pay increases for hourly paid state workers after talks with Finance Minister Makis Keravnos, with a key meeting with President Nikos Christodoulides due Monday. Energy & Deals: Cyprus and Israel will push technical talks on the Aphrodite–Ishai gas reservoir in early October, aiming to close an agreement before end-October. Food & EU Trade: Athienou bread and loukoumi have been formally submitted for EU Protected Geographical Indication status, with a decision expected in 2027. Banking: Central Bank data shows Cyprus deposits and lending both rose in August, with deposits up to €59.3bn and loans up to €28.5bn. Aviation & Tourism: Wizz Air launches a new Larnaca–Madrid route, adding a third Spanish connection as it expands Cyprus connectivity. Education & Social Policy: A new PISA report finds migrant-background students outperform native Cypriots in Cyprus across reading, maths and science, challenging a long-held local belief. Electricity Market: A one-year review of Cyprus’ competitive electricity market says savings are not yet translating into lower consumer bills and competition remains limited. Business Expansion: Greek retail giant Jumbo reports higher H1 profit and plans a new Cyprus store in 2027. Geopolitics: Turkey’s President Erdogan escalates rhetoric with Israel at the UN, while Cyprus’ regional positioning remains tied to Eastern Mediterranean energy and security.
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