Dialogos

Government Continues to Assess Situation for Potential Economic Measures

Published March 17, 2026, 14:02
Government Continues to Assess Situation for Potential Economic Measures

The Government Spokesperson, Konstantinos Letymbiotis, stated that the government is closely monitoring the situation and will make decisions on potential economic support measures for citizens depending on the impact of the war in the Middle East. The government is continuously evaluating the situation, taking into account the global impact of the crisis and its duration. He pointed out that the electricity subsidy and the zero VAT on essential goods continue, while Cyprus has some of the lowest fuel prices in the European Union. Regarding the possible extension of reduced VAT measures, the Spokesperson mentioned that everything is being evaluated and decisions will be announced soon. He emphasized the importance of strong fiscal margins that allow the government to support society. The government assured that normality in the country is maintained despite regional crises. Regarding criticism of the communication exploitation of the crisis and its impact on tourism, the Spokesperson replied that the government has taken measures to ensure the safety of the country and its citizens, with the support of European partners. He acknowledged that there were initial impacts on flight schedules, but expressed optimism for the tourist season, emphasizing that Cyprus remains a quality tourist destination. Overall, the government is monitoring the situation, assessing the impacts and is ready to take measures to support citizens, while maintaining optimism for the tourist season and the economic stability of the country.