AGP Executive Report
Last update: 8 hours agoTourism & Hospitality: Pasyxe, the Cyprus hoteliers association, will hold its AGM in Nicosia on July 7 to elect new leadership for 2026-2029, with president Nikos Christodoulides expected to address sector performance and the need for a roadmap to protect Cyprus’ tourism competitiveness. Housing Policy: EU ministers adopted the bloc’s first Council conclusions focused on housing under the Cyprus Presidency, linking affordability and supply pressures to demographics, urbanisation, climate impacts and labour mobility. Energy Security: An energy expert warns Cyprus still lacks a coherent long-term strategy, citing the island grid’s limits, heavy fuel import reliance, delays in key projects, and insufficient storage for renewables. Labour Market: Cyprus recorded 63 occupations with labour shortages in 2024, with the biggest gaps in healthcare and digital technology, plus shortages tied to tourism and construction trades. SME Safety Rules: Keve is urging SMEs to take part in an EU Commission survey on occupational safety and worker rights in subcontracting chains ahead of the Quality Jobs Act. Real Estate: The Central Bank says apartment prices rose 10.8% in Q1 2026 year-on-year, driven by foreign demand and higher construction costs. Water & Ports: Cyprus is moving toward near-total desalination coverage, with desalination now supplying about 80% of drinking water, while a counter-terrorism drill “Port Shield 2026” is set for Limassol Port on July 1. Agri-Food: The EU Council gave final approval to rules strengthening farmers’ position in the food supply chain, including standard written contracts and better collective bargaining. Chemicals Oversight: EU lawmakers agreed a new legal framework to bolster ECHA’s chemicals oversight, aiming to keep the system workable and predictable for industry. Industrial Fire: Firefighters battled a major blaze at an Aradippou refrigerator manufacturing factory, treating four for heat and smoke-related issues while confirming all employees were accounted for. Mining/Metals: Cyprium Metals says its Nifty Copper Complex restart remains on track for first cathode production in the September quarter of 2026, with heap leach progress and key equipment arriving on site.
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