AGP Executive Report
Last update: an hour agoConstruction & Housing: Eurostat says EU construction output fell sharply in June, but Cyprus is entering the period from a stronger base thanks to a project pipeline and rising housing demand. Inflation Watch: Cyprus’ annual inflation hit 4.4% in July (joint third-highest in the EU), with prices up 0.7% month-on-month; the government is also consulting on changes to minimum tax rules for large groups. Energy Links: ADMIE filed for investment approval under EU TEN‑E for the Great Sea Interconnector, aiming to connect Cyprus, Greece and Israel, with Meridiam set to become a majority shareholder. Water Security: The palace highlights UAE ties after Cyprus received free mobile desalination units, boosting daily desalinated output by 15,000 cubic metres. Business-to-Business: Keve met Libyan officials to explore cooperation in construction, renewables, and modernising ports and airports. Maritime & Defence: A Cyprus-led naval exercise south of Limassol tested multinational drills, while warship activity continues around the island amid wider regional tensions. Digital & Telecom: Türkiye and TRNC signed an additional protocol for a fibre-optic project to accelerate digital transformation.
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