AGP Executive Report
Last update: 7 hours agoCyprus Energy & Infrastructure: The Cyprus-Greece ferry link may not survive without renewed state subsidies, with operator Scandro warning the service is only viable for a few peak months and needs flexibility beyond passenger-only operations. Regulation & Finance: CySEC will join an EU-wide supervisory exercise on crypto custody digital resilience, with inspections starting in the second half of 2026. Public Policy: Pension reform is moving to consultation, with the bill set to go to unions and employers’ organisations after labour advisory body meetings in August, targeting first measures from Jan. 1. Business & Markets: CySEC also imposed €126,500 in fines on twelve Cyprus companies, while Cyprus’ inflation eased to 2.9% in July and unemployment rose to 5.8% in July. Tech & Payments: AdsGram added Telegram Ads capabilities across Mini Apps, channels and bots, and Cyprus-based KLM crew operations will overnight in Cyprus as Tel Aviv flights resume Aug. 25. Local Economy: Limassol’s seafront café tender has a new operator under a five-year deal worth €796,260, with capped prices including €1.50 Cypriot coffee. Corporate Moves: Castor Maritime set up a joint venture to acquire the M/V Magic Starlight, and Globus Maritime reported Q2 results. Governance & Costs: New ministers and deputy ministers in Cyprus will receive net annual salaries near €80,000 following a partial cabinet reshuffle. Security & Crime: A 16-year-old was arrested over an arson fire that destroyed Nicosia’s former Corner Pub.
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