AGP Executive Report
Last update: 9 hours agoEnergy and Infrastructure: At the EU summit, President Nikos Christodoulides called for more flexibility to ease energy costs and delay ETS2. Nexans has also sought permits to resume surveys for the Greece–Cyprus power cable, though the timetable remains uncertain. Shipping and Gas: Cyprus shipping firms are seeking work on the Kronos gas-field development, as the project targets first gas exports in 2028. Greece and Cyprus are also courting Japanese shipping partners. Financial Regulation: CySEC fined Limassol-based Titanedge Securities €100,000 for misleading client information, unauthorised investment advice and weak compliance procedures. Economic Outlook: The IMF’s forecast for Cyprus is encouraging, while the country’s trade deficit widened by €820 million to €6.3 billion in the first eight months of 2026 as imports outpaced exports. Public Revenue: Airport concessions and Limassol port have generated €1.57 billion for the state over two decades, with port income expected to top €80 million in 2026.
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