AGP Executive Report
Last update: 10 hours agoGreek Banking Outlook: Morgan Stanley starts coverage of Greece’s banks with a bullish bias, keeping overweight calls on Alpha Bank, Eurobank and Piraeus Bank and neutral on National Bank of Greece and CrediaBank, citing a strong growth profile and improving lending and deposit trends. Shipbuilding & Maritime Investment: Chalkis Shipyards plans a €35m Panamax floating dock by end-2026 to expand repair and retrofit capacity for larger, more technical projects. EU Trade Costs: From July 1, EU shoppers ordering even one €1 item from Shein/Temu face a new €3-per-parcel tariff for orders up to €150, aimed at stopping tax-avoidance via split shipments. Tourism & Travel Links: Etihad expands its summer network with new routes to Krakow, Palma, Damascus and Zanzibar, while restarting flights to Greek islands Mykonos and Santorini. Cyprus Finance Snapshot: Cyprus deposit and lending rates still lag eurozone averages, though gaps have narrowed, according to the Central Bank of Cyprus. Labour Market (Cyprus): Eurostat shows Cyprus employment for recent graduates at 82.3% in 2025, close to the EU average, with women outperforming men. Energy Diplomacy: The US and Iran reached an initial memorandum on ending hostilities and reopening the Strait of Hormuz, but Israel’s stance on Lebanon and nuclear timelines keep risks high. Business & Growth (Cyprus): Cyprus’ competitiveness report flags productivity as the biggest structural weakness and calls for more productive investment and job creation.
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.