Cyprus–Libya Business Links: The Cyprus Chamber of Commerce and Industry (Keve) met Libya’s National Development Agency to explore new trade and investment partnerships, with focus on construction, renewable energy and modernising ports and airports, plus b2b meetings with Cypriot firms. Copyright & Music Fees: Cyprus businesses are questioning demands for payments over commercial use of copyrighted music, after a 2017 law left key implementation steps unfinished, including the planned Copyright Authority. Digital Payments Shift: Cyprus banks report a rapid move to digital channels, with noncash payments up 8% in volume and 9% in value in the second half of 2025, while digital transaction ratios at Bank of Cyprus and Eurobank are now near-total. Inflation Pressure: Cyprus recorded 4.4% annual inflation in July, among the EU’s highest, matching Bulgaria and trailing only Romania and Lithuania. Minimum Tax Rules: Cyprus has opened a public consultation on tightening minimum tax rules for large groups under Pillar Two, with comments due by Sept. 5. Energy Interconnection: Greece submitted an EU TEN-E investment approval application for the Great Sea Interconnector, linking Cyprus, Greece and Israel, after progress on the project’s ownership and approvals. Regional Security Watch: NATO said it is ready to defend allies amid reports Iran is considering strikes on US military assets in Europe, with Cyprus mentioned as a possible target; Cyprus also says it is not an Iranian target. Medicine Recall: A recall of certain Remedica medicines has raised concerns among patients in Cyprus, with guidance issued by the Health Insurance Organisation and advice not to stop treatment without a doctor’s input.