Economy

How the Middle East crisis could affect Cyprus’ economy and tourism

Economist Yiannis Telonis has warned that the ongoing geopolitical crisis in the Middle East could place pressure on the Cyprus economy, particularly through rising...

Flight cancellations Middle East pass 23,000

Global aviation disruption deepens Flight cancellations in the Middle East have surpassed 23,000 since the start of the conflict, causing major disruption across global aviation. The...

Economy fortified – Impact will depend on how long the conflict lasts

Cyprus’s Finance Minister, Marios Keravnos, has sought to reassure the public that the island’s economy continues to show resilience, despite growing regional instability. He...

ECB warns prolonged Middle East conflict could spike eurozone inflation

A prolonged conflict in the Middle East and a sustained reduction in energy supplies could trigger a sharp rise in Eurozone inflation and weigh...

Fuel prices rise likely over next 10 days

Rising fuel costs Fuel prices in Cyprus have risen by 10–12% since Friday, driven by the ongoing conflict in Iran, according to Savvas Prokopiou, President...