The person complaining has a name ending with "ov" and needs a schengen visa, which is quite representative of the third country nationals who have issues with this

Mainly Russian, Ukrainian, Philippino, Syrian, Lebanese.

imo schengen doesn't matter for Cyprus. On the contrary it will make Cyprus even more attractive to financial refugees who will use it's geographic location as a stepping stone to the rest of EU. That means a lot more cost for the government to house people until their refugee status applications are processed.

Russians mainly by my experience.