AGP Executive Report
Last update: 8 hours agoPower & Infrastructure: US lawmakers are urging the Trump administration to back the Great Sea Interconnector, a planned undersea link tying the electricity grids of Greece, Cyprus and Israel into the India–Middle East–Europe Economic Corridor (IMEC). Property Market: Cyprus logged 2,040 property sale contracts in July, topping 2,000 for the first time this year, while January–July transfers reached €2.70bn. Tourism Pressure: Paphos hoteliers expect August occupancy to rebound to 85–90%, but warn revenue is still under strain from falling room prices and weaker autumn bookings. AI & Retail Exports: Cyprus-based Powersoft365 will showcase eight operational AI retail agents at the Indonesia Retail Summit & Expo in Jakarta, aiming to scale in Asian markets. Local Governance: A cabinet reshuffle changed leadership at Cyprus’ deputy ministries for Social Welfare and Culture, reigniting debate over continuity and political interference. Cyber & Fraud Watch: Cyprus police issued a fresh warning after a rise in phone and message scams targeting account details and financial security. Fire Readiness: The forestry department completed training for operators of 17 new fire engines, boosting wildfire response capacity. Fintech Hiring: Cyprus remains the top global hiring hub for online trading firms, with AI increasingly showing up in job descriptions. CSE Corporate Update: Upyachting Management PLC has rebranded as UP Ventures PLC, effective August 13.
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.
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