Dialogos

Cyprus Government Announces Support Package to Address Inflation

Published March 26, 2026, 07:02
Cyprus Government Announces Support Package to Address Inflation

The Cyprus government is announcing a package of measures to address inflation amid growing economic pressures. The measures include expanding the zero VAT rate to more products, supporting businesses affected by the crisis, and potentially applying a reduced consumption tax on fuels. Incentives for domestic tourism are also being considered. The measures will be finalized at the Council of Ministers and announced by the President of the Republic via a televised address. Cyprus is facing the effects of the global energy crisis.