AGP Executive Report
Last update: 2 hours agoTrade: Cyprus’ goods trade deficit widened 10.2% to €6.86bn in the first nine months of 2026. Imports rose faster than exports, though September exports jumped 89.1% year on year. Vehicle Market: Used-vehicle registrations climbed 19.2% in January-October, while new registrations fell 5.5%, driving overall market growth. Housing: Cyprus’ house price-to-income indicator stayed below its long-term average in 2025, but the measure does not show whether homes are affordable for households today. Banking & Technology: Bank of Cyprus launched DANAI, an AI assistant in its mobile app offering round-the-clock answers to customers’ everyday questions. Shipping: Limassol-based Marlow Navigation agreed to sell a 41% stake to MPC Oceanic, while retaining its brand, leadership and operational independence. Investment & Infrastructure: President Nikos Christodoulides is promoting Cyprus as a link in a proposed India-Europe trade corridor, while the construction sector faces a worsening labour shortage, with an estimated 5,000 more workers needed.
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