Energy & Power Security: Energy Minister Michael Damianos warned Cyprus could face serious electricity supply problems by 2030 unless natural gas is introduced, insisting the long-delayed Vasilikos LNG terminal must be completed before then. Electricity Costs & Grid Stability: With oil prices easing, Cyprus electricity bills are still set to rise as the Electricity Authority of Cyprus burns fuel oil bought at higher prices; electricity costs are up about 6% versus two months ago, with any relief expected later. Industrial Action: EAC unions will escalate industrial action from Thursday, saying generation will continue uninterrupted with only essential safety staff on duty. Offshore Gas Milestone: QatarEnergy signed a commercial discovery declaration for the Glaucus and Pegasus fields in Block 10 offshore Cyprus with ExxonMobil and the Government, moving the project into regulatory and development planning. Energy Storage for Renewables: A €7m–€7.5m pilot energy storage report is under review for Pentakomo, linked to the Cyprus Institute’s Proteas solar research facility. Digital Infrastructure: Cyta is set to acquire and expand the RedMax Data Centre in Latsia, aiming to create the largest privately owned data centre in Cyprus and boost cloud and colocation capacity. Economy Watch: The University of Cyprus’ CypERC said the Composite Leading Economic Index stayed negative in June (down 0.65% year-on-year), citing external pressures and weaker business confidence. Industry Prices: Eurostat data show Cyprus recorded the biggest monthly jump in industrial producer prices in the EU in May (+3.6%). Construction & Housing Finance: Central Bank figures show a sharp rise in new housing loans in May, while construction faces cost pressure after a 4.7% price hike. Aviation Policy: Cyprus submitted a package to Brussels seeking exemptions so Larnaca and Paphos airports are treated like essential infrastructure under changing EU state aid rules. Road Safety Governance: MPs renewed efforts to add countdown timers to camera-controlled traffic lights, arguing it would improve driver confidence and safety. Research & Healthcare Infrastructure: The Cyprus Institute of Neurology and Genetics opened a new €31m campus extension, while Makarios Hospital’s pediatric oncology unit faced staffing shortages amid ongoing upgrades.