Cyprus fiscal council warns of significant economic pressure from Iran war

Council calls for targeted support rather than blanket measures

The Cyprus Fiscal Council on Friday warned that developments related to the war in Iran are likely to exert significant pressure on the Cypriot economy, urging the government to prepare immediately for potential fallout.

“The developments in Iran are quite likely to exert significant pressures on the Cypriot economy,” the council stated.

“Although important parameters remain uncertain, immediate preparation...