AGP Executive Report
Last update: 8 hours agoEconomic Outlook: Cyprus’ 2026 growth forecast has been raised to 3.2%, from 2.7%, as activity and business confidence beat expectations. But rising inflation and regional tensions remain risks. Household Finances: Household debt fell to €20bn by June, while non-financial company debt stood at €41.7bn—more than the value of annual GDP. Banking: Eurobank reported €1.21bn in nine-month profit, with Cyprus contributing nearly a third; the group plans to unveil a three-year strategy in February. Property: Home prices rose 8.5% as approvals surged, but delivery is now the key test for the market. Energy and Trade: Eni’s €1.8bn Cronos gas development is moving into construction, with production targeted for 2028. Cyprus-China trade also climbed 26% to $1.44bn in 2025.
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