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12° Nicosia,
05 April, 2026
 
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Cyprus signals new economic support measures while reinforcing defence capabilities

Government ready to act on rising fuel costs, with €200m already deployed and more measures possible.

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President Nikos Christodoulides has indicated that the government is prepared to introduce additional measures to protect households from the economic effects of the ongoing crisis in the Middle East, while also reaffirming its commitment to strengthening the country’s defence.

During a visit to the Alefka National Guard outpost in Pyrgos Tyllirias, the President addressed concerns about rising fuel prices, acknowledging the pressure on consumers. He said that the government has already implemented support measures exceeding €200 million, including a fuel excise duty reduction that came into force on Saturday.

Christodoulides emphasized that Cyprus’ careful fiscal management allows for further intervention if necessary. He noted that economic developments are being assessed on a daily basis and confirmed that he has instructed the Consumer Protection Service to carry out frequent inspections to prevent profiteering. If conditions require it, he said, additional support will be announced within a responsible financial framework.

He also pointed to international diplomatic efforts aimed at reducing tensions in the region, stressing that de-escalation remains the primary objective. While Cyprus is geographically close to the situation, he underlined that the country is not directly involved. At the same time, he noted its European role and contribution to efforts supporting stability.

In parallel, the President talked about ongoing initiatives to enhance Cyprus’ deterrence capacity, describing defence as a key government priority linked both to national security and international credibility.

These efforts include expanded training opportunities for National Guard personnel at military academies abroad, including in the United States, as well as upgrades to critical infrastructure such as the Evangelos Florakis Naval Base and the Andreas Papandreou Air Base. He added that strengthening defence also involves investing in personnel, improving safety standards, upgrading training, and enhancing working conditions for contract soldiers.

Christodoulides placed these developments within the context of Cyprus’ geopolitical reality, noting that the country remains divided following the 1974 Turkish invasion and occupation of its northern part. Repeated United Nations-led negotiations, including talks in Crans-Montana in 2017, have so far not produced a settlement.

He also referred to the EOKA liberation struggle, explaining that although its original objective was not fully achieved, it ultimately led to the establishment of the Republic of Cyprus. He described the republic as the country’s most important asset, adding that its protection and progress are closely tied to the strength of the National Guard.

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