Politis

Cyprus Finance Ministry Preparing Scenarios to Mitigate Impact of Iran War

Published March 20, 2026, 12:19
Cyprus Finance Ministry Preparing Scenarios to Mitigate Impact of Iran War

The Ministry of Finance is developing various scenarios and measures to address potential economic impacts of the war in Iran, according to Finance Minister Makis Keravnos. Monitoring of developments is ongoing, and measures will be adapted according to the duration and severity of the crisis. While not yet specified, the measures are considering all possible options, including a reduction in fuel taxes. The Ministry of Finance has already implemented measures to combat inflation over the past two years, which have recently been renewed, and continues to closely monitor developments in the region, taking into account the war in Gaza. The government seeks to prepare for all eventualities and protect businesses and households from the negative economic consequences of the war.