AGP Executive Report
Last update: 23 minutes agoEnergy Infrastructure: French investor Meridiam has entered as majority shareholder in the Great Sea Interconnector, with Cyprus Energy Minister Michael Damianos calling it “new momentum” and pointing to pending EIB due diligence before any Cyprus shareholding decision. Macroeconomics: Cyprus inflation eased to 2.9% year-on-year in July (from 3.1% in June), with monthly prices down 0.7%, as transport and food inflation cooled while housing and utilities rose faster. Business Support: The Cabinet has brought into force the law creating the Cyprus Business Development Organisation and appointed its first board, aiming to close SME and startup financing gaps. Banking: National Bank of Greece is offering up to five free cash withdrawals per month (per card) from any ATM in Cyprus and Greece for Mastercard debit holders. Markets & Trading: XM launched GOLD24-7, extending gold trading to seven days a week for clients. Property & Economy Watch: Cyprus retail trade growth stayed solid in June, while unemployment in Cyprus rose to 5.8% in July.
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
Pseudo-journalism: Pink-slime
