Dorita Yiannakou
The ongoing conflict in the Middle East is causing concern among Cyprus’ business community, prompting local organizations to emphasize caution, careful monitoring, and readiness to respond to any disruptions. The Cyprus Chamber of Commerce and Industry (KEBE) and the Employers & Industrialists Federation (OEB) said they are keeping close contact with businesses, maintaining open lines with government authorities, and monitoring developments to anticipate challenges and coordinate timely interventions where needed.
In a statement Monday, KEBE said it is also in regular communication with business chambers and institutional representatives in countries directly affected by the conflict, ensuring accurate and up-to-date information on trade, transportation, energy, and investment conditions.
“From the very beginning, we have remained on alert and in continuous contact with the relevant state authorities, aiming to identify problems early and coordinate responses where necessary,” KEBE said.
The chamber stressed that it will continue to provide its member businesses with systematic updates, analyzing developments in international markets, energy costs, and supply chains, and will intervene with authorities whenever needed. Businesses encountering difficulties linked directly or indirectly to the situation in the Middle East can contact KEBE’s Department of International Relations and Economic Diplomacy at 22889718 to report issues and coordinate actions with government authorities.
KEBE reiterated its role as a stable pillar of support for the business community, committing to act responsibly to safeguard the smooth functioning of the Cypriot economy.
Meanwhile, OEB held a Sunday meeting chaired by its president, Giorgos Pantelidis, with participation from the general director and department heads. The meeting aimed to assess the situation and its potential economic and business impacts across the region.
OEB said it has established a special team to collect and code requests and problems from Cypriot businesses affected by the crisis. The team will transmit issues to the relevant authorities and work with them to propose solutions or management strategies. Businesses can contact OEB via email at www.info@oeb.org.cy (with the subject “Middle East Crisis”) or via WhatsApp/Viber at +357 99024617. State authorities have also mobilized to support Cypriots and their families in the affected areas, coordinating through local embassies.
On a broader economic level, OEB urged calm and continuous assessment of potential impacts, with particular attention to market reactions and oil prices. The organization said it will closely monitor developments, keep businesses informed, and act as needed to protect Cyprus’ economic stability.
