AGP Executive Report
Last update: 1 hours agoEnergy & Geopolitics: Cyprus, Greece and Egypt are pushing an eastern Mediterranean gas corridor to bring Cypriot gas to Europe via Egypt, with deliveries targeted from 2028 and a major Eni engineering contract boosting the plan. Business & Investment Climate: EY’s Attractiveness Survey says 83% of investors view Cyprus as attractive for FDI, with tax and stability leading the positives, while energy costs and red tape still weigh on expansion plans. Power Interconnector: Diko leader Nicholas Papadopoulos says a navtex for seabed surveys for the Cyprus–Crete Great Sea Interconnector will be issued within days, citing Turkey-related geostrategic risk but pointing to EU backing and private investment. Regulation & Markets: CIFA thanks outgoing CySEC leaders ahead of a reshuffle, with George Karatzias expected back as chairman and Panikkos Vakkou set to move to the Central Bank. Housing Governance: Government rejects state funding for a new oversight system for management committees in jointly owned buildings, saying EOAs should pay from existing budgets while the state funds the software platform. Transport & Costs: Fuel excise duty cuts are extended until end-November as policymakers try to cushion households and businesses from volatile oil-driven price swings. Shipping & Policy: Cyprus, Greece, Malta and Italy sign a joint declaration in Limassol to strengthen their common front on European shipping competitiveness and decarbonisation. Aviation & Tourism: Larnaca and Paphos passenger traffic rose 7.9% in Jan-Aug 2026 vs 2024, narrowing the gap with the record 2025 season despite spring disruption. Finance Recovery: State asset manager Kedipes expects repayments to exceed €2bn by end-Q4 2026, with €120m more due before year-end. Road Safety Enforcement: Parliament hears 5,000 scooter offences in eight months, reigniting debate over whether rules are being enforced effectively.
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