Industrialists in Cyprus fear a broader impact

Cypriot Finance Minister Makis Keravnos.

The president of Cyprus Employers and Industrialists Federation (OEV), Giorgos Pantelides, has expressed concerns for broader and semipermanent consequences successful the Cypriot economy, owed to the ongoing struggle successful the Middle East, and noted the federation’s expectations for a proactive program connected behalf of the government.

Pantelides spoke to journalists connected Thursday, aft a gathering of the federation’s committee with Finance Minister Makis Keravnos, during which they discussed the existent situation and the measures taken to tackle the effects of the crisis.

Keravnos, who was replying to a question connected the matter, said that “it is not peculiarly important to sermon caller measures when the measures that were conscionable announced [on Wednesday] person not yet been implemented so that we tin spot however they work successful tandem with developments.”

Pantelides noted that the situation is still volatile and added that the consequences successful the system will amusement depending connected the strength and the duration of the struggle successful the Middle East. He did adhd that the resilience of the Cypriot system allows “some clip to program those actions that will guarantee some fiscal stability and maintaining the resilience of our economy.”