AGP Executive Report
Last update: an hour agoEU Budget Fight: Cyprus’ EU presidency proposal for a €32.8bn cut to the next 2028-34 budget is already being slammed by Germany as “unaffordable,” setting up a tough summit battle. EU Enlargement: The EU agreed to open the first accession negotiation cluster (“Fundamentals”) with Ukraine and Moldova, with an intergovernmental conference due June 15 in Luxembourg. Cyprus Problem Diplomacy: President Christodoulides says the next days before UN envoy Holguin’s return are “decisive,” aiming to announce an expanded meeting to restart talks. Energy Diplomacy: Cyprus, Greece, Israel and the US launched the East Med Energy Center, while the 3+1 energy dialogue roadmap is expected to include a working group on cybersecurity and protection of critical infrastructure. EU Climate Rules: The Council adopted its position to strengthen the carbon border adjustment mechanism (CBAM), extending its scope and closing loopholes. Turkish Cypriot Funding: Cyprus proposed €389m in EU support for Turkish Cypriots for 2028-34, a rise from the 2021-27 level. Local Courts: Cyprus’ Supreme Court rejected a German agent’s bid to halt her Nicosia trial over alleged property advertising in the occupied north.
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