#finance minister

Finance Minister Makis Keravnos on Friday hailed the planned creation of a national sanctions implementation unit, after parliament had given the plans the green light on Thursday night. “The unit’...

The British government is planning to make more than £6 billion in welfare savings, ITV News reported on Friday, as Chancellor of the Exchequer Rachel Reeves seeks to balance the books. ...

The finance ministry announced on Friday that it will reopen the electronic service for the national solidarity fund’s compensation scheme in the second half of 2025. This service, which is ...

Finance Minister Makis Keravnos on Thursday called for the government’s tax reform plans to be complete by autumn. He said he has received “positive reactions” to Wednesday’s announcement ...

President Christodoulides offered a positive outlook for 2025 in his New Year message, which would be building on the government’s work of last year. He said 2024 was the year we ...

Measures aimed at tackling the high cost of living will return, Finance Minister Makis Keravnos announced on Thursday, as zero VAT will be implemented on a number of products. His ...

Minister of Finance Makis Keravnos met in Luxembourg with his counterparts from Poland and Denmark ahead of the EU presidency trio, to discuss the main political priorities of Ecofin that ...

The finance ministry has “achieved all of its goals” since the current government came to power in February last year, Minister Makis Keravnos said on Monday. Evaluating the first year ...

“It’s a joke” to say the government is replacing multiple pensions for government officials are being replaced by “tips”, Finance Minister Makis Keravnos said on Thursday. He underlined he ...

Finance Minister Makis Keravnos on Friday played down the potential cost of the green transition for consumers, saying the extra taxes would not pose a threat to households and businesses ...

Cabinet on Tuesday greenlighted the creation of an oversight body for service-sector companies, Finance Minister Makis Keravnos said. The body aims to prevent situations that “threaten the image” of the ...

Cyprus’ compliance with international sanctions is “very good”, the finance minister said on Monday, adding that by year’s end the two units dealing with sanctions will be consolidated into ...

Finance Minister Makis Keravnos said Thursday that Cyprus stands to receive the first tranche worth €20.9 million from the EU’s Recovery and Resilience Facility, as an advance payment for implementing ...

EU Finance Ministers, including Cypriot minister Makis Keravnos, have said that gradual recovery is expected in 2024, but have warned that this will be in an environment of heightened uncertainty and ...

Finance Minister Makis Keravnos emphasized on Friday that initial steps have been taken to appoint experts for a study on the state payroll, with further updates expected after the holidays. ...

Auditor-general Odysseas Michaelides will send a letter to Finance Minister Makis Keravnos stating that “any inclusion of an undocumented amount [of money] in a new agreement with [gaming company] Opap ...

The relations between Cyprus and the United Arab Emirates (UAE) could be expanded especially in areas such as the green and digital transition, tourism, health and education, UAE Ambassador to ...

Finance Minister Makis Keravnos will present to legislators on Monday a government package of seven proposals to address the issue of foreclosures. The package was submitted on Thursday in a ...

There are no concerns over an increase in bad loans for Cyprus’ banks, Finance Minister Makis Keravnos said on Thursday after a meeting with the European Central Bank’s executive ...

Finance Minister Makis Keravnos met on Friday with Central Bank Governor Constantinos Herodotou to discuss issues in the banking system, a day after he had met with the heads of ...

Finance Minister Makis Keravnos on Monday said he has issued ‘strong advice’ to commercial banks to focus on loan restructuring for distressed borrowers, as well as to increase deposit rates ...

Finance Minister Makis Keravnos met with French ambassador to Cyprus Salina Grenet-Catalano on Thursday where the two discussed bilateral relations and ways to strengthen their financial cooperation. Keravnos stressed the ...

Cyprus and Saudi Arabia have signed a framework cooperation programme (FCP), taking a new step in promoting investments between the two countries in areas of mutual concern. The FCP was ...

Finance Minister Makis Keravnos’ office on Monday denied a report that claimed he said the national health scheme (Gesy) was a black hole of funds. According to the finance ministry, ...