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Cyprus Finance Ministry Preparing Scenarios to Mitigate Impact of Iran War

Published March 20, 2026, 12:13
Cyprus Finance Ministry Preparing Scenarios to Mitigate Impact of Iran War

The Ministry of Finance is developing various scenarios and measures to mitigate potential economic impacts from the war in Iran, according to Finance Minister Makis Keravnos. The Ministry is closely monitoring developments and measures will be determined based on the duration and severity of the crisis. While no specific measures have been finalized, options including fuel tax reductions are being considered. Mr. Keravnos emphasized that the Ministry has been monitoring developments in the region for over two years, also taking into account the war in Gaza. Measures to combat rising prices are already in place and have been recently renewed.