AGP Executive Report
Last update: 11 hours agoCyprus Data Watch: The ECB says Cyprus still has major data reporting gaps, warning that weaknesses in balance of payments and international investment position reporting drag down euro-area monthly aggregates. Cybercrime: Cyprus police are probing a new Nicosia online scam where a woman lost about €2,992 after being tricked into installing a remote-access app. Entrepreneurship Mood: A GEM 2024/25 snapshot finds Cypriots are more confident about starting businesses, but fear of failure and other barriers still hold back new company creation. Tourism Signals: Cyprus hotel bookings are improving but remain below expectations for May and June, with the Israeli market starting to move again. EU Migration Overhaul: From June 12, the EU’s new Migration and Asylum Pact begins rolling out, bringing mandatory screening, faster asylum checks and new burden-sharing rules that directly affect Cyprus and Greece. Regional Diplomacy: President Nikos Christodoulides heads to Kazakhstan on June 3 for talks, a business forum and the inauguration of Cyprus’ Astana embassy. Business & Finance: Moody’s reaffirms Cyprus’ A3 credit rating with a stable outlook, citing resilience in wealth and growth. Local Economy: Cyprus posted a €593m surplus in the first four months of 2026, though pressures are building.
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