AGP Executive Report
Last update: 12 hours agoConstruction Boom in Cyprus: Cystat says Cyprus authorised 2,915 building permits in Jan–Apr 2026, up 35.1% year-on-year, with permits worth €1.67bn (+46.1%) and 1,728 dwelling units (+65% in homes). Biotech Under Pressure: Nicosia-based iDNA Genomics reported a wider 2025 loss of €3.46m and a sharp drop in total assets to €1.14m, with an AGM set for Sept 25 (electronic). Cyprus Natural Gas Push to Europe: Energy minister Michael Damianos says Cronos gas could reach European markets as early as March 2028, via a pipeline to Egypt’s Zohr and LNG processing at Damietta. Energy Deal Watch: MOL agreed to buy Shell’s BG Cyprus Ltd, taking a 35% stake in Block 12 offshore Cyprus (Aphrodite field), valued up to $720m. Shipping Carbon Costs in Focus: A new IMO framework debate could reshape carbon bills for Cyprus shipmanagement, with fears of overlapping charges alongside EU ETS and FuelEU Maritime. Aviation Summer Surge: Larnaca is handling about 50,000 passengers and 325 flights daily at peak, after road access to arrivals was reopened to ease congestion. Marine Insurance Partnership: Accredited Insurance (Europe) named Hellenic Hull as its first dedicated ocean marine MGA partner for Hull & Machinery, marine cargo and ancillary risks. Retail Signal from Cyprus: Jumbo’s Cyprus sales rose about 14% in July, lifting Jan–Jul performance to roughly +6% year-on-year. EU-Turkey Policy Monitoring: A Cypriot foreign ministry memo says Nicosia is tracking eight EU–Turkey cooperation dossiers closely, aiming to block progress if Cyprus interests are compromised.
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