AGP Executive Report
Last update: 11 hours agoGrowth and Jobs: Cyprus recorded the EU’s second-fastest retail growth in August, up 7.5% year on year, while unemployment rose in September, driven by public-sector hiring. Housing: Rising rents and limited long-term supply are emerging as a brake on growth, especially in Limassol, where housing costs are well above the national average. Investment: Limassol-based NeoFleet Capital raised €3.5 million to finance taxi fleets in emerging markets. Energy: Cyprus is preparing to export gas to Europe via Egypt and Greece, as electricity prices post the EU’s third-biggest increase; the US says it will use diplomacy to advance the Great Sea Interconnector. Trade Links: Cyprus and India discussed expanding trade and investment, with a focus on shipping, technology and tourism.
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