AGP Executive Report
Last update: 3 hours agoPrices and household costs: Cyprus fuel prices jumped 24.6% year on year in September, prompting Finance Minister Makis Keravnos to urge caution on expectations of relief. Producer prices also rose 4.2% in August. Growth and public finances: GDP grew 3.3% in the second quarter, while revised figures put 2025 growth at 4.8%. Cyprus also recorded the EU’s steepest quarterly fall in its government-debt ratio. Banking and business: Bank of Cyprus completed its €570 million acquisition of loans and deposits from CDB, while Limassol-based Asbis reported record monthly revenue of $1.05 billion. The Central Bank says a strong labour market reflects the economy’s dynamism. Energy and connectivity: Cyprus has pledged €25 million towards the Greece-Cyprus power cable but has yet to clarify further commitments; completion is now forecast for 2031. Cablenet is investing in next-generation broadband to bring multi-gigabit speeds across the island.
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.
Perspectify News
