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AGP Executive Report

Last update: 3 hours ago

Energy & Cost of Living: President Nikos Christodoulides said cutting electricity prices remains the government’s top priority, pointing to VAT relief and the need for more investment in generation and storage as renewables rise but still fall short of targets. Retail & Tax Revenue: Cyprus collected nearly €2m in July from the new €3 online shopping customs duty, with customs processing 650,000 chargeable items in 160,000 parcels—far above earlier expectations, though officials caution the first month may not predict the full-year trend. Public Finance Literacy: The Cyprus Financial Literacy and Education Committee launched moneypedia.cy, a national digital portal with calculators, quizzes and tailored guides to help citizens budget, borrow, invest, insure and plan retirement. Banking & Markets: Bank of Cyprus reported €252m first-half profit and raised its dividend, while Eurobank received an outlook upgrade from UBS. Capital Markets: CSE approved Globalwealth’s share admission and Minerva Insurance set an interim dividend of €0.0003 per share. Corporate Moves: Shell agreed to sell its Aphrodite gas stake to MOL for $720m, while Cyprus Airways renewed a heavy maintenance deal with Bird Aviation. Water Management: Nicosia’s EOA signed an MoU with Mekorot to tackle untaxed water (about 20%) and improve sewerage management and flood response. Labour Inclusion: Christodoulides unveiled new measures to boost employment for people with disabilities, including personalised plans and higher subsidies for social enterprises. Business Confidence & Economy: Coverage also flagged improving Cyprus economic outlook as business confidence strengthens, alongside data on property sales and borrowing costs.

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.

AGP Wire

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Aug. 3, 2026

CAN Sigorta expands digital insurance access across North Cyprus

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Jul. 29, 2026

Cypress Exchange Properties buys Madison-area surgery center for DST offering

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Jul. 30, 2026

Louisiana Tour Company explains why swamps support rich wildlife diversity

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14 hours ago

Adsterra launches global affiliate quiz for 13th anniversary

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Hemp businesses file federal lawsuit to block Va. THC cap enforcement

Hemp businesses file federal lawsuit to block Va. THC cap enforcement

Electric City Farmers Market opens

Electric City Farmers Market opens

Josh Guillory’s malfeasance trial in St. Martin spoil bank removal case rescheduled

Josh Guillory’s malfeasance trial in St. Martin spoil bank removal case rescheduled

Peak Design’s new City Line bags are the polished, practical companions for modern city life

Peak Design’s new City Line bags are the polished, practical companions for modern city life

Antea adds member companies across key markets in 2025

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7 hours ago

Global Point-of-Care Molecular Diagnostics Market is Expected to Expand at a Healthy Growth Rate of ~10% by 2034 | DelveInsight

GlobeNewswire, Inc.

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Aug. 3, 2026

CAN Sigorta strengthens island-wide digital insurance access after 68 years in North Cyprus

EIN Presswire

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4 hours ago

Interparfums, Inc. Reports 2026 Second Quarter And Half Year Results And Reaffirms Full Year Sales And Earnings Guidance

GlobeNewswire, Inc.

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3 hours ago

FRO – Sale of two VLCCs

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Jul. 29, 2026

Cypress Exchange Properties Acquires Orthopedic Surgery Center in Madison, Wisconsin, for DST Offering

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Jul. 31, 2026

Chinese Ambassador to Cyprus Yang Yundong Visits Cyprus Mail

Ministry of Foreign Affairs of the People's Republic of China

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