AGP Executive Report
Last update: 4 hours agoBusiness & Technology: Cyprus businesses are growing online, but AI adoption is outpacing companies’ readiness. Shanda Consult has launched services to help African firms use Cyprus as a base for European expansion, while TechIsland’s next Limassol meetup will focus on digital-asset and data security. Energy: Eni has awarded major contracts for the Cronos gas project, moving Cyprus’ first commercial gas development into execution. Production is targeted for 2028, with exports planned through Egypt. Trade & Shipping: Cyprus is preparing a 25-company business mission to India focused on maritime and shipping opportunities, as Cyprus-China trade rises 26%. Industry & Jobs: Construction faces labour shortages, and the labour minister says no workers have yet arrived under the Egypt recruitment agreement. Building permits, meanwhile, were up 18.3% in June. Investment: Fuel retailer EKO is moving to acquire STAROIL, expanding its presence in Cyprus’ fuel market.
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.