Nicosia, Cyprus. Cypriot Employers and Industrialists Federation (Oev) president George Pantelidis on Thursday called for the immediate continuation of daily social and business activity in Cyprus, warning against avoidable economic losses linked to the Middle East crisis.
Government assurances and security measures
In a written statement, Pantelidis said the government has assured that Cyprus does not participate and will not be involved in military operations in the region. He said the island’s proximity to the area of operations, along with the recent drone incident at the RAF Akrotiri base, led to the mobilisation of state mechanisms and the strengthening of defensive measures with the assistance of allied countries, primarily Greece.
Public concern and information
Pantelidis described public concern as understandable and stressed the importance of timely and reliable information to prevent unnecessary panic.
Business activity and flight disruptions
According to the Oev, business activity across the economy continues without significant disruption. The federation said the only notable impact so far has been the temporary suspension of flights by certain airlines to the island’s airports.
Referring to a statement by Hermes Airports, Pantelidis said “the majority of airlines have maintained their schedules, while those that had briefly suspended flights have already resumed routes to Larnaca International Airport and Paphos International Airport, reinforcing a sense of stability and security.”
Calls for preventive economic measures and sector support
Pantelidis urged the government to consider preventive measures to cushion potential economic pressures stemming from expected increases in fuel and raw material prices. He also called for targeted support for the hotel and tourism sector, while noting that the media contributed to objective public information and expressing confidence they will continue to do so as the country moves towards a full return to normality.
What steps do you think Cyprus should prioritise to limit potential economic impacts from the crisis?
