Christodoulides chaired emergency tourism meeting over middle east conflict

Macro/Political:

• The Greek government has announced a three-month profit cap for the food sector, supermarkets, and petrol stations, effective today, in order to soften the impact of the Middle East crisis on Greek consumers. Deputy Prime Minister Kostis Hatzidakis said the cap will be imposed through fast-track legislation and will remain in effect temporarily until June 30. Hatzidakis also added that the measures will be implemented immediately. Finally, he insisted that Greece faces no fuel supply disruptions but the country has seen fuel prices rise in recent days amid the US and Israeli attacks on Iran.
  Source: Kathimerini

Macro/Political:

• President of Cyprus Mr. Nikos Christodoulides chaired an emergency meeting with tourism sector stakeholders at the Presidential Palace on Wednesday, as the government sought to coordinate a response to the damage the US-led war against Iran has inflicted on Cyprus’s image as a tourist destination. According to government spokesman Konstantinos Letymbiotis, the meeting brought together the ministers of transport and labour, along with the deputy minister of tourism, for an extensive review of the situation and the development of a coordinated plan of action. Furthermore, Letymbiotis added that what was confirmed during the meeting was their shared commitment to preserving the country’s tourism product, a sector that in recent years has shown an upward trend. He also noted that flight schedules from most airlines were gradually being restored, which he described as a positive sign pointing toward a return to normality given the time of year.
  Source: PhileNews