Inflation Pressure: Cyprus hit 4.4% annual inflation in July, putting it among the EU’s highest rates (joint third with Bulgaria), well above the euro area’s 2.9% as energy and services keep costs elevated. Construction Costs: Construction material prices rose again in July, up 3.33% year-on-year, with the biggest annual jumps in metallic products, aluminium/metal goods, and plastics/chemicals. Agriculture & Water: Potato farmers warn persistent water shortages could disrupt the winter planting season, with agricultural groups urging more reservoir and borehole supply despite some August rains. Livestock Recovery: The agriculture minister says most foot-and-mouth disease compensation has already been paid, while authorities move toward rebuilding the sector with stronger biosecurity. Energy Infrastructure: The Great Sea Interconnector is pushing ahead after a major financing step, with EU support framed as a “shield” against Turkish opposition and new seabed survey steps planned via navtex notices. Blue Economy Push: Cyprus and Croatia will meet in Limassol on Sept 25 for a blue economy business and innovation forum under Horizon Europe and maritime digitalisation projects. Geopolitical Risk: Reports say Iran is weighing retaliation scenarios that could involve British bases in Cyprus if the US escalates, keeping the island in the wider security spotlight. Local Governance: Nicosia’s EOA is still waiting for about €2m in state funding for dangerous buildings, as procedures from the Interior Ministry remain unresolved. Maritime/Tech: Cyprus’ gaming sector keeps climbing, with a new CYGMA report estimating €3.2bn revenue in 2025 from 400+ studios and publishers.