AGP Executive Report
Last update: 10 hours agoEnergy Costs: Cyprus will pay towards the Great Sea Interconnector only once it is delivering electricity, Energy Minister Michael Damianos said. Of €302m in costs claimed by Greece’s operator, Cyprus’ regulator has verified €82m. September inflation reached 5.2% in Cyprus, with energy prices across the euro area surging 18.9%. Tourism: September arrivals hit a record 580,889, up 1.8% year on year, but visitor numbers for January to September remained 5.6% below 2025. Property: Transfers totalled €3.72bn in the first nine months, up 6.6%, while deposited sales contracts climbed 14% to 14,969. Shipping: Cyprus is courting Asian shipowners as its registry reaches a 25-year high; rising attacks on trade routes are adding concerns over crew safety, insurance and operating costs. Pensions: A proposed reform would require company owners and employee-shareholders to pay social insurance on some dividend income, addressing low declared salaries alongside dividend earnings.
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.
Perspectify News
