AGP Executive Report
Last update: 9 hours agoBusiness Links: Seventeen Cypriot firms met 40 Greek companies at an Athens forum on October 8 to explore partnerships across technology, construction, food, hospitality and sustainability. Investment & Jobs: Foreign-controlled firms generated €4.76 billion in value added and employed 40,187 people in Cyprus in 2024—about one in ten workers. Former Cyta chief Andreas Neocleous joins PwC Cyprus as chief consulting officer on October 16, strengthening its consulting practice. Shipping & Trade: Cyprus and Italy are set to discuss maritime investment, ports and shipping in Limassol, while Cyprus and India are advancing cooperation in shipping, technology, tourism and infrastructure. Energy: The US says it will use diplomacy to help move forward the €1.9 billion Great Sea Interconnector linking Cyprus, Greece and Israel, amid a dispute over seabed surveys. Industry & Infrastructure: Cyprus industry grew 5 per cent as local demand offset weaker exports; building permits topped €2.56 billion, and €200 million in water and irrigation projects is planned through 2030. Rising energy costs are also pushing industrial prices higher and diesel to a record €2.126 a litre.
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