AGP Executive Report
Last update: 8 hours agoEnergy & Markets: Cyprus Energy Minister Michael Damianos says the Cronos gas field could start supplying European consumers as early as March 2028, with partners TotalEnergies and Eni moving ahead after a final investment decision; the plan is to pipe gas to Egypt’s Zohr, liquefy it at Damietta, and ship it to Europe—positioning the Eastern Mediterranean as an alternative amid Ukraine and Middle East disruption. Power Infrastructure: Damianos also hailed French investor Meridiam’s backing for the Great Sea Interconnector, while warning red tape over the cable’s cost could push higher electricity bills for Cypriot consumers unless EU and private funding offsets the gap. Regulation & Finance: CySEC will join ESMA in EU-wide digital resilience audits for crypto custody providers, with on-site and desk reviews planned from H2 2026 to H1 2027. Trade & Food Security: The Philippines imposed a temporary ban on importing live animals and certain animal products from seven FMD-affected economies including Cyprus, after SAT1 outbreaks were confirmed by lab testing. Cost of Living: A new look at supermarket pricing shows sharp swings—some essentials up sharply while others fall—adding pressure as fuel costs remain volatile. Local Governance & Planning: Nicosia Metropolitan Park and SOPAZ redevelopment plans are still stuck in procedural delays, with residents concerned about timelines and the local plan.
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