AGP Executive Report
Last update: 9 hours agoInflation & Cost of Living: Cyprus inflation rose again in June, with fuel, food and housing-related costs driving pressure on working-class households as the CPI climbed and Eurostat put Cyprus at 4% annual inflation. Recovery Fund Risk: MPs are challenging a rushed bill to set up the Cyprus Business Development Organisation (KOAE), with Cyprus facing potential loss of €50m–€69m in Recovery Fund grants unless parliament approves the law next week. Ports & Property Development: Cyprus Ports Authority unveiled a €415m (±50%) 20-year master plan to upgrade Larnaca port and marina, keeping public ownership while using partnerships to revive long-stalled waterfront projects. Business & Finance Policy: Cyprus and Sweden signed a protocol updating their double taxation treaty to align with OECD standards, strengthening tax transparency and information exchange. Energy Outlook: Central Bank analysis says domestic demand is the main engine of growth for 2025 and 2026-2028, even as geopolitical uncertainty weighs on external demand and investment timing. Tech & Skills: A financial literacy push is gaining momentum, with an AI-based platform arguing Cyprus should teach core economics earlier to build resilience.
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