ATA makes up for the loss of income to a certain extent, the President of the Republic said today, ahead of a conference he convened on the economic impact of the war in Ukraine.
"The situation is indeed difficult and every day it becomes more difficult," President Anastasiades said, responding to a reporter's question at the Presidential Palace about his meeting with ministers. "Allow me to hold the meeting without prejudging the decisions," he replied."
"We have sensitivities, we have the determination to help but always not ignoring the economic capabilities of the state and the fact that, unfortunately, dealing with inflation, as shaped by international developments and especially the war, is not something that has ended so that one can say how far the measures that will alleviate it go," the President went on to say.
He pointed out, however, that "at least in Cyprus and two other countries in Europe, there is ATA, which to some extent makes up, certainly depending on inflation, for the loss of income."
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