Economic
Cyprus prepares support package as fuel prices rise
Cyprus is preparing a support package in response to rising fuel prices driven by regional tensions and the war in Iran.
Amid the ongoing conflict in the Middle East, particularly the war in Iran, Cyprus is facing upward pressure on fuel prices, posing a risk to households and businesses. The government is working on a support package to shield the economy, especially key sectors such as tourism, from the impact of higher energy costs. The central bank has also revised its growth outlook downward and significantly increased inflation forecasts linked to these developments.
- Status
- active
- Location
- Cyprus
- Date added
- 2026-03-25 11:07 UTC
- Last updated
- 2026-03-25 11:07 UTC
- Connected threats
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- Not Available