AGP Executive Report
Last update: 9 hours agoEnergy & Gas Development: ExxonMobil and QatarEnergy signed a commerciality declaration for Cyprus’ Glaucus and Pegasus fields, setting the stage for “marketable” gas with first production now targeted for 2033, while analysts warn the real test is whether infrastructure and timelines hold. Water & Agriculture: Cyprus will roll out a €168m water package to expand desalination, boost reclaimed water use and modernise irrigation networks, alongside a €454m CAP plan drawing heavy interest from farmers. Tax & Household Costs: Cyprus tax receipts rose 5.9% to €3.1bn in Jan–May, but personal income tax and stamp duty fell after the 1 January reform, squeezing key categories. Transport & EV Push: Transport Minister targets 85,000 EVs by 2030, but adoption remains low (0.77% BEV+PHEV share), with policy and subsidies still the bottleneck. Crypto & Regulation: Revolut will delist Tether’s USDT across Europe by Aug 31, 2026 under MiCA rules, a move that could shift demand to MiCA-compliant stablecoins. EU Border Tech: EU leaders admit the Entry/Exit System still has “technical problems,” with airports warning queues could worsen this summer. Geopolitics: Turkey is pressing the EU for concrete steps before substantive Cyprus talks, while NATO’s next summit puts Ankara’s role and Cyprus’s balancing act in focus.
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.
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