Too early to gauge economic impact of attacks on Cyprus

It is too early to gauge the extent of the economic impact on Cyprus of the ongoing conflict in the Middle East, although risks such as inflation are likely, an economist told media on Monday.

“Cyprus is not far from Teheran,” said University of Cyprus professor Marios Zachariades.

“Should the armed conflict drag on, it could alarm tourists and investors. The conflict is close enough to cause concern.”

Speaking to the Cyprus News Agency, the expert said the fallout on tourism is a possibility...