AGP Executive Report
Last update: 10 hours agoEnergy: ExxonMobil and QatarEnergy plan two appraisal wells at the Pegasus field in December, with gas production from the Glaucus-Pegasus discoveries targeted for 2033. Artificial Intelligence: Cyprus’ national AI strategy goes to Cabinet, setting a 2032 goal to make the island a trusted regional AI hub and use the technology to improve productivity and public services. Construction: Building permits reached €2.99bn in value in the first seven months of 2026, up 36.5% year on year, with planned homes rising 60.5% to 13,044. Water: Cyprus and the Netherlands are exploring cooperation on water management as drought and shortages intensify, with experts highlighting the value of coordinated planning. Agriculture and Processing: Nicosia-headquartered Astarta has halted operations at its Ukrainian soybean plant after an aerial attack damaged the facility; the company is assessing losses. Exports: A government helpdesk is offering Cypriot goods and services firms support finding overseas importers and business partners for 2027.
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