Representatives of the business sector told Politis that they view positively the fact that scenarios of intense fragmentation of the political system were not confirmed. Polls in previous months had predicted even a nine‑party parliament, a development that had raised concerns about the ability to make decisions and advance critical reforms. Concern before the elections had been widespread. Ultimately, the new parliamentary landscape includes one fewer party (six instead of seven), which, according to business circles, reduces the risk of paralysis.
The dominant message from market stakeholders is that voters, despite widespread dissatisfaction with traditional parties, did not choose an outcome that would render parliament dysfunctional. They voted in a way that ultimately protects the country. The result, they argue, creates more room for convergence, cooperation and broader consensus on legislation related to the economy.
The move by the Central Bank to publicly congratulate all newly elected MPs and to state that “it looks forward to close cooperation with the parliamentary parties, with the aim of ensuring the country’s stable economic course, as well as the Bank’s meaningful contribution within the framework of its participation in the European System of Central Banks” indicates that there is vigilance regarding the political management of economic issues.
The Cyprus Chamber of Commerce and Industry also expressed its readiness and willingness to cooperate meaningfully with the new House of Representatives, contributing with documented positions, constructive proposals and responsible recommendations to the shaping of policies that strengthen economic competitiveness, business development and social cohesion.
