AGP Executive Report
Last update: an hour agoEU Economy Watch: Eurostat says EU construction output fell 0.3% in July (euro area flat), with annual declines too—while Cyprus bucked the trend with rising permits and costs. Household Finance: The ECB warns euro-area households hold too much wealth in cash and low-yield deposits; Cyprus is singled out as financial literacy and deposit reliance remain high. Tax Policy: Ireland’s “deemed disposal” ETF tax is drawing fresh anger, with investors fearing they’ll pay on gains without selling. Finland Business & Tech: Cerebras is building a 165 MW AI data centre campus in Mikkeli, but still reports losses as demand outpaces profits. Corporate Moves: Spinnova signs a non-binding deal to potentially buy Portuguese yarn spinner Tearfil to speed up commercialization of its wood-based fibre. Finland Immigration: Finland sets 2026 working-holiday proof-of-funds at €2,450 for the first three months, with higher salary rules for standard work permits. Energy & Industry: Finland’s battery construction starts on a new 300 MWh project, adding to the country’s storage build-out.
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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