AGP Executive Report
Last update: an hour agoTax Policy: Cyprus has opened a public consultation on tightening minimum tax rules for large groups, aligning Pillar Two with EU requirements and introducing a qualified domestic minimum top-up tax from Jan 1, 2026. Payments & Banking: Cyprus is preparing “Cyprus IRIS” to let people transfer money using only a mobile phone number, using Greece’s IRIS model, with a target now pushed to early 2027. Energy Infrastructure: The Great Sea Interconnector is moving forward after Meridiam agreed to take a majority stake, but seabed surveys and a NAVTEX notice are still pending as geopolitics complicate the Greece-Cyprus link. Regulation & Markets: CySEC has warned fund managers that ESMA’s EU-wide risk management review will start locally in late 2026 or early 2027, focusing on how firms govern and run risk controls. Geopolitics: Iran is reportedly considering retaliation scenarios that could include Cyprus if the US escalates, though government sources in Nicosia say the island is not a target. Real Estate Demand: A new market report says Dubai residents are increasingly looking to Cyprus property, with overseas buyer activity up 16.9% in H1 2026. Tech & Industry: Cyprus’ gaming sector has broken into Europe’s top ten by revenue, with €3.2bn estimated from 415 studios in 2025.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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