AGP Executive Report
Last update: 12 hours agoEU Diplomacy on Cyprus Issue: European Council President António Costa told President Nikos Christodoulides in Nicosia that the EU is committed to advancing a UN-based solution, backing dialogue and stressing that “a united Europe needs a reunified Cyprus,” with Raffaele Fitto named as Special Envoy. Schengen Push: Christodoulides also pressed for a political decision on Cyprus’ full Schengen accession “as soon as possible,” after a positive EU Commission preparedness assessment. Energy Interconnector Update: Energy Minister Michalis Damianos said the Great Sea Interconnector (GSI) is “progressing as planned” and will pass through Cyprus, while costs and consumer impact remain key issues. Fuel Price Relief Talks: Damianos said discussions are underway to keep fuel prices down, with measures valid until Sept. 17 and a possible extension of the fuel consumption tax reduction. Kyrenia Ferry Disaster: A 14th body was recovered from the wreck, with 14 still unaccounted for; authorities are pursuing “new resources and alternative methods,” and the Stelios Foundation has opened applications for emergency support for families. Labour Market Legislation: Labour Minister Marinos Mousiouttas said a minimum wage bill will go to parliament by year-end, alongside salary transparency and steps to strengthen collective bargaining. Banking & Fintech Deals: Three transactions await regulatory approval, including Bank of Cyprus’ loan portfolio acquisition from CDB Bank and a 50-50 split deal involving ECM Partners and payabl., potentially reshaping Cyprus’ banking and fintech landscape. Child Benefit Boost: Christodoulides announced higher child benefit income limits, extending support to 17,000 more families.
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