AGP Executive Report
Last update: 11 hours agoEnergy & Investment: Shell has agreed to sell its 35% non-operated interest in Cyprus’ Aphrodite gas field to Hungary’s MOL for up to $720m, with MOL targeting a final investment decision in 2027 and first gas in 2031. Property & Housing: Cyprus’ new-build market logged 3,594 sales worth €1.149bn in H1 2026, with Limassol leading by value, Nicosia by volume, and Paphos topping the price segment. Tourism Revenue: Despite steady arrivals, tourism earnings fell sharply—down 16.5% in the first five months of 2026 to €798.2m, and May revenue dropped 4.8% to €355.2m. Banking & Regulation: Bank of Cyprus won Euromoney’s Cyprus Best Digital Bank award, while CySEC announced 14 online autumn seminars for certified professionals on market abuse, ethics and AML/AMLA. Consumer & Business Services: The government approved a new online platform to let shoppers check product recalls and safety flags in one place; Cyprus Police also warned about fake SMS links demanding “traffic fine” payments. Logistics & Labour: Limassol port truck drivers staged a work stoppage over fears that a relocated container X-ray scanner is too close to the terminal entrance. Aviation: easyJet signed a long-term base maintenance deal with Bird Aviation in Larnaca, supporting A320 heavy checks for seven years.
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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