Dialogos

G. Loukaides: No Overall Strategy for Inflation – Measures of Limited Scope

Published March 27, 2026, 07:01
G. Loukaides: No Overall Strategy for Inflation – Measures of Limited Scope

The parliamentary spokesperson for AKEL, Giorgos Loukaides, described the measures announced by President Christodoulides as “measures of limited scope and a breath of fresh air,” arguing that they do not comprehensively address the problems facing Cypriot society. He stressed that the government has not addressed vulnerable groups and that public discontent is growing. Mr. Loukaides noted that the President had adopted some of AKEL's proposals, which he had previously dismissed as populist. He warned that if the war in the Middle East continues, the impact on the Cypriot economy will be much greater, with a possible fuel price increase above €2 and a significant increase in electricity prices in the coming months. He emphasized the need for a comprehensive plan and vision, with measures that structurally solve the weaknesses of the Cypriot economy. For his part, the president of the Ecologists' Movement, Stavros Papadouris, stated that the measures are in the right direction, but more may be needed due to the situation in the Middle East.