AGP Executive Report
Last update: 31 minutes agoCyprus Defence Industry: Cyprus is taking its first steps to build defense equipment locally, with M Technologies (Metlen) and Cypriot Heutris forming a joint venture to develop and produce defense systems under the EU SAFE programme, starting with military vehicle production and know-how transfer. Pension Reform: The government says Cyprus’ next pension overhaul will be designed around modern retiree needs, with proposals already shared with social partners and a plan to submit to parliament after September. Household Affordability: A new look at Cyprus’ cost-of-living squeeze highlights affordability and housing pressures as top concerns for households, using ECB Household Finance and Consumption Survey data to compare income, wealth and expenses. Energy & Payments: Cyprus’ card payments surge is noted alongside ongoing financial-sector updates, including new e-payments arrangements and market infrastructure moves. Crypto & Trading: BitMEX plans to shut down its platform on 23 September as perpetual swaps and regulation reshape how digital assets are traded. Transport & Safety: After a truck overturned on the Nicosia–Limassol highway, a transport expert argues for restricting heavy trucks on main roads during peak hours to cut risk and congestion. EU/Euro Notes: Cyprus public is invited to vote on future euro banknotes.
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