AGP Executive Report
Last update: 8 hours agoEnergy & Infrastructure: Cyprus’ stance on the Cyprus-Crete electricity interconnector is still under strain after Meridiam was named majority shareholder, with sources suggesting Nicosia may be “moving away” from the EU-linked plan and looking at alternative supply routes. Diplomacy: Cyprus leaders have agreed a tighter rhythm of direct contact with the UN over the Cyprus issue, with weekly meetings aimed at deciding whether a five-party conference could be convened later this year. Cost of Living: Limassol is confirmed as Cyprus’ pricier city versus Nicosia, with housing driving the gap—especially rents—while salaries in Limassol help cushion some of the difference. Public Safety: A major rescue operation off Cape Greco ended with the death of 76-year-old businessman and rally figure Dimis Mavropoulos after two boats were destroyed in rough seas; his wife and daughter were rescued and treated. Local Governance & Markets: Cyprus regulator action and banking developments continue to feature, including reports on deposits rising and payment fraud losses climbing, alongside new government bills listed on the Cyprus Stock Exchange. Education & Compliance: A new list of unrecognised universities (GTEC) has been published, urging due diligence over certificates.
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