AGP Executive Report
Last update: 12 hours agoEnergy & Infrastructure: Cyprus and Lebanon have agreed the terms of reference for a preliminary study into a potential electricity interconnection, aiming to strengthen energy security and regional cooperation. Power Storage: Cyprus’ energy minister says “several hundred megawatts” of storage should be in place by end-2027, with the TSO already contracting units for January 2027 and additional capacity from the authority and private developers. EU Diplomacy: UN-backed Cyprus talks got renewed support at a closed-door UN Security Council briefing, with European members and the US backing a bizonal, bicommunal federation framework while others raised concerns about Turkish Cypriot “isolation” and “economic inequalities.” Air Passenger Rights: A major EU reform to air passenger protection is expected to matter for Cyprus’ tourism and connectivity, reinforcing compensation and care rules for cancellations and long delays. Business & Finance: Cyprus betting revenue topped €360m, while Cyprus banking continues to face EU rule deadlines and scrutiny over delayed directive transposition. Cyber & Fraud: Dutch police disrupted a €100m-a-month international investment fraud network, with arrests reported across Cyprus and other countries. Shipping: India has barred its seafarers from voyages through the Strait of Hormuz amid escalating safety risks.
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