AGP Executive Report
Last update: 10 hours agoAgriculture & Rural Support: Cyprus’s Agricultural Payments Commissioner Andreas Kyprianou met DIKO leader Nikolas Papadopoulos to push faster payments, less bureaucracy, simpler procedures and smarter use of EU funds ahead of the next CAP cycle. Energy & Geopolitics: Turkey has reportedly started work on a 101-km natural gas pipeline to the occupied north of Cyprus, with officials already hinting at a reversible route that could later move Eastern Mediterranean gas toward Europe. Labour & Compliance: Cabinet approval will double the number of inspectors tackling undeclared and illegal work, after raids at catering establishments led to arrests for illegal employment and residence. Trade & Consumer Impact: Cyprus customs says demand for Shein/Temu remains strong despite a temporary €3 customs duty, with 100,000+ parcels recorded in the first 15 days. Tourism: Deputy Tourism Minister Kostas Koumis reports tourism is back on a stable track after June arrivals fell 1.7% year-on-year. Finance: Eurobank was named Cyprus’ best bank for 2026 by Euromoney, with recognition for corporate banking and digital transformation. Construction Safety: Over 100 Turkish Cypriot properties were declared unsafe after inspections, with buildings fenced off or isolated while authorities move to make them safe. Digital Economy: AmCham Cyprus hosted talks on turning the national AI strategy into an actionable framework with business, academia and civil society. EU Mobility: Cyprus ranks second in the EU for workers born in other member states, highlighting its pull for EU talent.
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