AGP Executive Report
Last update: 12 hours agoInvestment: Invest Cyprus has unveiled its 2027–30 strategy, prioritising quality foreign investment and a stronger international profile as the agency marks 20 years. Business Costs: Cyprus firms still face high electricity bills even as energy prices fall elsewhere in Europe; energy costs are also pushing inflation above the euro-area average. Company News: Limassol-based Asbis declared a $19.4 million interim dividend after record sales. Demetra Holdings also continued its share buyback, repurchasing 4,164 shares. Tourism: Visitor numbers have held up in 2026, but hotel profits have fallen. Airlines are showing interest in extending the winter season, while British visitors are expected to support a tourism rebound in 2027. Economic Outlook: Cyprus remains among the EU’s fastest-growing economies, with its 2026 growth forecast raised to 3.2%, though registered unemployment rose 9.7% in October and business confidence weakened. The Central Bank is also introducing a 1% systemic risk buffer for banks.
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