AGP Executive Report
Last update: 11 hours agoPower Link: The French research vessel Abeille Marengo has begun preparations for seabed surveys on the Greece–Cyprus Great Sea Interconnector, a €1.9bn project backed by €657m in EU funding. Surveys are expected to run through March 2027, amid renewed maritime disputes. Offshore Gas: ExxonMobil is due to resume drilling in Cyprus waters in December, while gas from the Glaucus and Pegasus fields is not expected before 2033. AI Investment: Cyprus has approved its National AI Strategy 2032, but key implementation costs are left to a future action plan and ministry plans are now due by the end of 2027. Agriculture: Eurobank plans a 2027 financing tool to help farmers bridge the wait for CAP grants. Separately, livestock-sector committee head Stavros Malas alleged thousands of calves were illegally moved north, warning that the foot-and-mouth crisis exposed deeper weaknesses. Infrastructure: Limassol is targeting public-private partnerships for €1.3bn in urban regeneration, while a €75.8m contract has been signed for the next Nicosia ring-road phase.
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