AGP Executive Report
Last update: 2 hours agoEnergy Projects: Cyprus has tied its planned €25 million payment for the Greece–Cyprus electricity link to Greece issuing a NAVTEX by the end of October. Agreements to advance development of the Aphrodite gas field are expected in Egypt this week, while the government says the delayed Vasiliko LNG terminal should be operational by 2030. Property and Tourism: Property sales have climbed to €3.7 billion, and tourism posted its strongest September on record. Household Pressures: Almost one in four workers in Cyprus earns less than €1,500 a month; fuel prices also remain in focus, with Paphos reported as the island’s most expensive market. Finance and Shipping: Banks’ non-performing loan ratio edged down in July, while Cyprus’ ship registry has reached a 25-year high as the island courts major shipping firms in Japan.
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