President Christodoulides announces economic support measures and provides update on Cyprus issue

On March 26, 2026, the Cypriot government is scheduled to finalize and approve a support package to mitigate the economic impact of regional instability. The package, coordinated by the Ministry of Finance, includes horizontal and targeted measures such as fuel price relief, expansion of zero-rated VAT products, and support for affected businesses. Additionally, the government is considering incentives for domestic tourism to encourage local holidays. On the diplomatic front, President Nikos Christodoulides expressed cautious optimism regarding the Cyprus issue following his meeting with UN Secretary-General Antonio Guterres in Brussels. The President emphasized Guterres' clear political will and strategic planning for resuming negotiations. He expressed hope that the Turkish side will respond positively to allow for a substantive initiative that continues talks from where they were previously suspended. President Christodoulides also addressed the issue of British bases, stating that the government is handling the matter with a structured plan but will not make public comments to avoid jeopardizing ongoing efforts.