AGP Executive Report
Last update: 10 hours agoAI Hiring Push: Cypriot startup Kyprium says it will modernise recruitment by using AI tools for CV improvement, interview prep and skills matching, with a focus on making pay and hiring more transparent than the island’s traditional informal networks. Transport & Tourism Links: A long-delayed Cedar Waves ferry between Lebanon’s Jounieh and Cyprus’s Larnaca is set to start in June (inaugural sailing now June 19), restoring a regular passenger sea route after nearly two decades. Real Estate & Growth Model: Interior Minister Constantinos Ioannou argues Cyprus should treat land development and construction as a broader engine for competitiveness, jobs and quality of life—not just building activity—calling for a new model for future generations. Shipping Capital Markets: Safe Bulkers moves closer to a dual listing on Euronext Athens after Euronext confirmed it meets admission requirements, with the next step tied to prospectus approval. EU Passenger Rights Talks: Cyprus’ EU Council presidency work is nearing a deal on revised air passenger rights, with remaining disputes mainly over compensation levels and liability thresholds. Cyber & Consumer Fraud: Police report another €24,800 phone scam in Nicosia, warning residents not to share banking login details even when callers claim to be from payment platforms or banks. Energy Transition Debate: The Green Agenda Cyprus Summit (June 4) will tackle whether small nuclear reactors could fit Cyprus’s energy mix, weighing lower-cost electricity against safety, cost and public acceptance concerns. Labour Market Stress: A separate report highlights strained work-life balance in Cyprus, with long weekly hours continuing to weigh on employees. Shipping & Crime Links: Authorities describe a Russian-speaking organised crime group allegedly active in Cyprus and Greece, including arson, extortion and contract killings, with the alleged leader said to be in Dubai.
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