AGP Executive Report
Last update: 12 hours agoCySEC reshuffle: Cyprus’ Cabinet approved new leadership at the Cyprus Securities and Exchange Commission, appointing Georgios Karatzias as chairman and Loukas Lagoudis as vice chairman, alongside other board changes. Education Ministry textbook scramble: The Education Ministry says 97% of the roughly 700 textbook titles are already at schools, but admits some private printing contractors missed deadlines; it terminated affected contracts and moved to temporary printing to keep classes going. Housing oversight reform: A plan is moving supervision of jointly owned apartment buildings to district local government organisations (EOAs), with a new supervisory authority and register, plus an online platform and state funding conditions. Affordable housing clarifications: The Interior Ministry outlined eligibility rules for two new schemes, including income and age limits for families seeking state land plots and conditions for adding floors for children or grandchildren. Energy and costs: A new chart shows Cyprus relies heavily on fossil fuels for electricity (76.3%), while the Association of Cyprus Banks warns floating-rate borrowers may see higher repayments after the ECB rate hike. EU procurement push: The European Commission’s proposed procurement rules would let public buyers exclude suppliers from countries not covered by EU agreements, with experts calling it protectionist and discriminatory. Cyprus in defence talks: Israeli President Isaac Herzog proposed a trilateral summit with Lebanon on Cypriot territory, while Cyprus and Israel also discussed defence cooperation and potential SAFE financing opportunities. Cyber and scams: Police warned of a new phone scam where fraudsters impersonate police cybercrime officers and ask for bank details; separately, the US extradited a Russian accused of cybercrime after arrest in Cyprus. Business and investment: Sergey Portnov is stepping back from Parimatch to launch SP Ventures, an investment and advisory firm backing technology founders.
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.