Cyprus government warns duration of Middle East crisis will define economic fallout

Cyprus economy resilient enough to withstand regional shock, says spokesman Government spokesman Konstantinos Letymbiotis on Thursday said that the Cyprus government is conducting ongoing assessments of the economic impact of the crisis caused by the conflict with Iran, stressing that its duration will determine the scale of consequences for the country. Speaking during a briefing […]

Aviva flags potential for Iran conflict to send claims costs rising

Chief executive Amanda Blanc said supply chains could suffer if the conflict is prolonged.

By Holly Williams

Cyprus weighs economic impact of Iran war

Cyprus’s Finance Minister presented an initial economic assessment to cabinet on Wednesday as the government acknowledged the regional crisis was beginning to affect the island’s economy, with flight cancellations the most visible sign of the damage so far. Government Spokesperson Konstantinos Letymbiotis said the key factor in determining the full economic impact would be how […]

By Newsroom