Transition to Green Deal will have a very significant cost and will affect vulnerable groups of society, said on Friday Finance Minister Constantinos Petrides.
Speaking at the 12th Limassol Economic Forum he said that in the post-pandemic era, conditions have certainly been unprecedented, expressing the believe that managing economic policies from now on will be very different both for Cyprus and in Europe than in the past.
He said, “we are experiencing something that has not been predicted, a sharp increase in prices in some sectors of the economy and for the first time in many years, we are experiencing inflationary pressures”.
Source: Cyprus News Agency