AGP Executive Report
Last update: 10 hours agoBanking: Cyprus and Greek banks reported strong nine-month profits: Bank of Cyprus earned €383 million, while Eurobank made €1.16 billion, including €356 million in Cyprus. Property: Transfers to EU buyers rose 42.7% in the first nine months of 2026, outpacing the 16.2% increase among non-EU buyers; developers say permit delays are holding back affordable homes. Pensions: The government is preparing reforms that could lift pensions by up to 60% and promote a second income from occupational schemes. Whether provident-fund membership should be compulsory remains disputed by employers and unions. Agriculture: A €701,200 EU-funded scheme will reimburse eligible farmers up to 15% of qualifying fertilizer costs, capped at €5,000 per applicant; Cyprus’ agricultural output fell 1.8% in 2025. Trade & innovation: Cyprus is seeking a role in the India-Europe trade corridor, with about 25 companies expected at a maritime forum in Mumbai on November 23. Plug and Play Cyprus has also opened applications for a second startup cohort focused on gaming. Investment: Cyprus-listed Globalwealth is entering Greece’s healthcare market through a deal for medical-supplies distributor Nederlia, with up to €2 million in performance-related payments.
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.
Perspectify News
