AGP Executive Report
Last update: 3 hours agoTourism & Aviation: Cyprus arrivals were down 5.6% year on year, but the tourism deputy minister expects the decline to narrow. UK operators are signalling more seats for 2027, while airlines warn that record fuel costs could push fares higher. Energy Costs: Business electricity averaged €0.23 per kWh in the first half of 2026, against an EU average of €0.18. The government plans to seek an extension of reduced fuel excise duty until March 2027. Waste Management: Cabinet approved €4.8 million for local recycling and organic-waste collection from 2027 to 2029, supporting councils as they prepare for “pay as you throw”. Jobs & Public Finances: Registered unemployment rose 9.7% year on year in October to 7,790, although it fell from September. Meanwhile, the government recorded a €1.61 billion surplus in the first nine months of 2026. Shipping: Cyprus’s fleet registry has grown by 27% in three years, with the sector adding 119 vessels and increasing revenue.
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