AGP Executive Report
Last update: 10 hours agoAviation Staffing Crunch: Cyprus air traffic control is operating with about 90 controllers versus 140 required, with 15 roles in the hiring pipeline and MPs pressing for updates on a long-delayed state air navigation company. VAT Fraud Probe: Cyprus Police joined an EU-wide operation targeting a €15.7m VAT margin fraud on online mobile phone sales, with searches in Nicosia and Larnaca, arrests in Bulgaria and Germany, and about €20.5m in assets frozen. Cyprus EU Business Climate: Cyprus is among the EU holdouts still blocking CETA ratification, with disputes tied to climate, GMOs and cattle-raising rules. Banking & Credit Quality: Cypriot banks are building a bigger safety net for bad loans, even as profitability takes a hit. Consumer & Regulation: CySEC has stripped a licence from a Cyprus investment firm, while Cyprus consumer prices rose 5.2% as energy costs spiked. Tech & Cybersecurity: Primetel is partnering with Bitdefender to include mobile security with GIGA Unlimited 5G plans at no extra cost. Energy & Industry: Halliburton won a well construction and completion contract for Eni’s Cronos offshore Cyprus project, reinforcing the East Med gas buildout. Local Life & Costs: A Strovolos church car park ends free parking, charging €2 per day from September 21. Business Growth: Limassol-based Top App Games says its Ludus: Merge Arena hit 12m players and $29m gross turnover in H1 2026.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.