AGP Executive Report
Last update: 11 hours agoCyprus Defence Industry: Cyprus will build defense equipment locally for the first time via a joint venture between Greek firm M Technologies (Metlen) and Cypriot company Heutris, using EU SAFE funding to produce and support military systems and transfer know-how. Pensions Reform: The government says Cyprus’ upcoming pension overhaul will be shaped around retirees’ modern needs, with consultations with social partners and parties before a planned submission to parliament after September. Cybersecurity & Business Risk: A new Qrator Labs report says botnet crackdown efforts haven’t reduced cyber risk for Cyprus businesses, with DDoS botnet device counts still significant. EU/Trade & Compliance: Cyprus is among countries covered by new EU customs rules on low-value parcels, with Royal Mail’s duties-paid service now available for shipments including Cyprus. Household Affordability: A policy-focused analysis highlights Cyprus households’ affordability strain, using ECB Household Finance and Consumption Survey data to compare incomes, wealth and expenses. Golden Passport Trial: In the citizenship-by-investment case, prosecutors say they have provided all requested pre-trial information ahead of a September 14 trial start. Transport Disruption: After a lorry overturned on the Nicosia–Limassol highway, the Justice Ministry plans rapid intervention teams in each district to clear roads faster and reopen motorways sooner. Energy/AI & Startups: Cyprus’ AI and fintech ecosystem gets a boost in coverage, including a venture capital push ahead of major AI IPOs and ongoing attention on Cyprus’ role in innovation and cybersecurity.
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