Cyprus employers federation addresses economic impact of Middle East conflict

On March 12, 2026, the Executive Committee of the Cyprus Employers and Industrialists Federation (OEB) met to discuss the economic situation following the start of military operations in the Middle East. The federation identified specific challenges for sectors linked to the tourism industry and businesses exporting to the Gulf and broader Middle East, including the pharmaceutical sector. Despite these challenges, the OEB asserts that Cyprus remains a safe and reliable destination for international investment and tourism. The federation emphasized that the resilience of the Cypriot economy has been tested and proven strong during previous crises. OEB called on citizens to help correct international misconceptions regarding the country's security status. The organization advocates for a de-escalation of public discourse to focus on daily economic priorities and normal operations. They remain committed to managing current geopolitical disturbances with prudence and calmness.