AGP Executive Report
Last update: 11 hours agoGreece–Cyprus–Israel Power Link: The Great Sea Interconnector keeps moving as Admie submits a Cyprus-Israel investment request to both regulators, after cost-benefit and cross-border cost allocation work under EU TEN-E rules—backed by Meridiam’s majority stake and fresh ministerial momentum. US Policy Push: A bipartisan group of US lawmakers urges Washington to prioritize the cable as a gateway for IMEC, tying the project to the wider India–Middle East–Europe corridor. Banking & Markets: Goldman Sachs expects National Bank of Greece to deliver an interim distribution of about €220m in Q3, while keeping a cautious earnings view and forecasting rising shareholder payouts. Tax & Property: Greece is weighing whether to extend VAT on new construction and capital-gains tax suspensions—supporting investment but leaving distortions in place. Tourism & Climate Risk: Wildfires and heat are increasingly framed as a fiscal threat to Greece’s economy, with the ageing electricity grid blamed for a disproportionate share of land burned. Corporate Moves: Vivartia is in talks to sell Evergood’s food-service arm to Fairfax, with due diligence completed but no offer yet.
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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