in-cyprus3 Jun 2026

Commission sees Cyprus growth holding despite Middle East wars

Cyprus’s economy remains resilient despite risks from the wars in the Middle East, but recent changes linked to the foreclosure framework could weaken an important part of the financial system, according to the European Commission.

The assessment was carried out between March and April 2026 as part of post-programme surveillance and the Spring European Semester, in cooperation with the European Central Bank, the European Stability Mechanism and the International Monetary Fund....

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