AGP Executive Report
Last update: 4 hours agoEnergy Infrastructure: Meridiam has agreed to take a controlling stake in the Great Sea Interconnector, adding fresh momentum to the Cyprus-Greece electricity link and supporting financing, surveys and construction acceleration, while Greece’s energy minister calls it a “European issue.” Local Transport & Construction: After 26 years, the upgraded Larnaca–Dhekelia road (Phase 3) has opened, with wider lanes, safer crossings, bike lanes and service-road works due to finish by October. Consumer & Retail: Cyprus Consumers Association reports a mixed supermarket price picture in late July, with 805 products up (avg +10.6%) and 908 down (avg -11.9%), and still-large price gaps between chains. Water Management: Famagusta’s water network is set for a smart management upgrade via a €76,000 KIOS-backed project using hydraulic modelling and monitoring tools. Inflation Watch: Cyprus inflation eased to 2.9% in July as transport and food pressures softened, while housing and utilities rose faster. Construction Sector: New data point to continued strength in Cyprus’ construction pipeline, with building permits and lending up year-on-year, though recent regional tensions may affect future releases.
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