AGP Executive Report
Last update: 12 hours agoDigital Euro Rollout: The ECB has selected 36 payment service providers for the digital euro pilot, with Cyprus included via Bank of Cyprus and JCC Payment Systems; testing is set to start in the second half of 2027. Energy Infrastructure & Bills: Cyprus’ Great Sea Interconnector (GSI) won’t automatically push up power bills, says former CERA chief Andreas Poullikkas, pointing to EU-regulated cost recovery. Electricity Adequacy Watch: CERA and the Ministry of Energy are moving on emergency steps after warnings that without natural gas by 2030 Cyprus could face a serious electricity shortfall. Port Disruption: Limassol port customs clearance is still hit by a software failure, with import releases stalled for days and temporary payment options being considered. EU Rules Pressure: Cyprus’ business lobby Keve has launched a consultation on “gold-plating” of EU legislation—where national rules go beyond Brussels requirements. Tourism Buffer: Limassol hoteliers say major conferences and business travel are helping cushion weaker leisure tourism amid the regional conflict. Health Costs: Patients in Cyprus are still paying out of pocket for occupational therapy under the GHS, despite years of delays. EU Enforcement in Region: EU prosecutors say they dismantled a VAT fraud network involving companies across Bulgaria, Cyprus, Czechia and Greece, with losses of at least €46.9m. Wildlife Trade Warning: A global crackdown is urged as illegal “singing competitions” drive wild songbirds toward extinction, including reports of activity in multiple countries.
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.