AGP Executive Report
Last update: 10 hours agoGrowth: Cyprus GDP grew 3.1% year on year in the third quarter, outpacing the EU and euro area, but quarterly growth slowed to 0.5% from 1.2%. Fintech: The government wants more than company registrations, urging fintech firms to bring jobs, expertise and investment to the island. Energy: A French vessel has begun seabed surveys for the Greece-Cyprus electricity link after Türkiye authorised the work; a €25 million payment remains pending. Shipping: The industry, estimated to contribute 7% of GDP, is focused on keeping firms and investment in Cyprus while managing green-transition costs and competition. Investment: Nearly four in five euros of foreign investment in Cyprus came from outside the EU, highlighting the island’s international reach. Climate: Cyprus faces the challenge of cutting emissions as the economy grows, even as EU emissions edged down while output expanded.
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