AGP Executive Report
Last update: 6 hours agoEU Trade & Consumer Policy: From July 1, Cyprus shoppers will pay a €3 extra tariff per item on Shein and Temu orders worth up to €150, after the EU said current rules let some buyers split parcels to dodge customs. Banking & Savings: New Central Bank of Cyprus data shows deposit and lending rates still lag eurozone averages, with Cyprus household deposit rates at 1.20% versus 1.89% in the eurozone. Jobs & Skills: Eurostat reports Cyprus’ employment rate for recent graduates hit 82.3% in 2025, close to the EU average, with women outperforming men. Taxi Reform: Cyprus is set to overhaul taxi licensing for the first time in over two decades, aiming to curb illegal operators and end licence trading, while bringing booking apps under state control. Business & Markets: Wholesale trade turnover rose in Q1 2026 (excluding motor vehicles +11.2%), while motor vehicle sales and repairs fell (-3.6%). Corporate Governance: An independent review says CTC’s offer for Ermes is fair and reasonable, supporting the path to full control and delisting. EU Enlargement: Cyprus officials marked the opening of the first “fundamentals” accession cluster for Moldova and Ukraine, a major step in their EU bids.
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.
Perspectify News
