AGP Executive Report
Last update: 9 hours agoBanking: Eurobank posted €1.16 billion in nine-month profit, up 12.4%, and will pay a €214 million interim dividend. Cyprus’ House also approved a €50 million budget for the Solidarity Fund, which helps depositors hit by the 2013 bail-in. Nicosia Development: The municipality is set to sign a deal with PHC to develop the old GSP site, with cafés, restaurants and other businesses planned. Energy: Eni has moved Cyprus’ Cronos gas project into execution under contracts worth up to $1.8 billion, with production targeted for 2028 and exports planned via Egypt. Trade: Cyprus-China trade rose 26%, while 25 Cypriot companies are preparing to visit India to explore maritime and shipping partnerships. Household Finance: Bank deposits in Cyprus reached €60.2 billion as lending increased; meanwhile, unions and employers remain divided over whether provident funds should be mandatory.
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