AGP Executive Report
Last update: 2 hours agoEnergy & Investment: TotalEnergies and Eni have approved the Final Investment Decision for the Kronos gas field in Cyprus’ Block 6, targeting first production in 2028 and around 2.8m tonnes of LNG a year, with gas routed via Egypt’s Zohr and Damietta LNG facilities. Energy & Investment: Eni also reached its own FID milestone for Cronos, framing it as Cyprus’ first gas development and a step toward a regional Eastern Mediterranean gas hub. Markets & Retail Investing: Wealthyhood x BoC has launched Cypriot and Greek stocks on its platform, letting retail investors trade from as little as €1 with fractional shares and lower fees. Banking & Stability: The Central Bank of Cyprus says financial stability risks remain elevated despite resilience, citing geopolitical tensions and global uncertainty in its 2025 Financial Stability Report. Corporate Finance: Ellinas Finance confirmed dividend payments to eligible shareholders after its 2025 results, with cheques dispatched by July 28. Capital Markets: A series of islandwide meetings starts July 30 to explain a planned 42m-share public offering for the Pancyprian Cooperative Society for Participation and Promotion of Cooperativism, following CySEC approval of the prospectus. Digital Finance: TIOmarkets launched a new all-in-one mobile trading app for Forex and CFD trading, adding account opening, funding and management in one place. Policy & Data Privacy: Cyprus will issue new ID cards without parents’ names, citing EU standards and personal data privacy. Governance & Oversight: The attorney-general set limits on what MPs can ask during the Videogate parliamentary discussion, including restrictions on sharing the investigative dossier. Business & Economy: Cyprus’ 2026 personal income tax reform is expected to deliver the biggest gains to higher-income households, according to a CBC working paper. Local Economy: Cyprus’ biggest property sales topped €286m in the first half of 2026.
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