AGP Executive Report
Last update: 4 hours agoEnergy & Infrastructure: French asset manager Meridiam has taken a majority stake in the Greece–Cyprus Great Sea Interconnector, a move expected to strengthen the project’s financing and speed up delivery, with IPTO staying as a strategic minority partner and technical operator. Tourism & Economy: Jet2 says it’s doubling down on Cyprus, with 21 routes and 433,000 arriving seats this year, and plans to boost capacity by 11% in 2027; meanwhile, hotel groups warn August is still about 10% behind, relying on last-minute demand and discounts. Housing & Finance: Cyprus’ mortgage-to-rent scheme has passed 4,200 applications, prompting a two-month deadline extension to September 30 as the approval process remains slow and rejection rates stay high. Banking: Central Bank data shows Cyprus savers still earn far less than the eurozone on deposits, with big gaps between lenders. Labour Market: Registered unemployment rose 5.8% in July to 11,728, driven mainly by seasonal effects in education and public administration. Environment & Safety: Limassol unveiled a water conservation plan, while communities near the Kalo Chorio firing range renewed calls to relocate it after a cross-border wildfire scare. Public Health & Society: A new study says Cyprus’ stray cat population has topped 2 million, potentially the highest ratio worldwide.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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