The crisis in Ukraine brings back to the fore the issue of the resilience and diversification of the Cypriot economy and Cypriot businesses, so that they can cope with the shocks, said Eugenios Eugeniou, former CEO of PwC Cyprus, stressing that economic developments will be largely determined by political developments.
At the same time, speaking at the Cyprus Economic Society's online discussion entitled: "War turmoil in Ukraine - Strong and long-term implications for Cyprus economy", the former CEO of PwC Cyprus said that the Russian invasion of Ukraine highlights the issue of resilience not only in economic terms but also in terms of security of supply, particularly in terms of Europe's dependence on Russian energy.
(CNA)
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