#Finance Minister Makis Keravnos

The ‘shadow economy’ in Cyprus accounts for about a quarter of Gross Domestic Product, the finance ministry said on Tuesday as it stressed that the upcoming overhaul of the tax ...

Two separate studies conducted by two “serious and reliable” organisations show that the Great Sea Interconnector project “is not sustainable”, Finance Minister Makis Keravnos said on Friday. Speaking to Politis ...

Finance Minister Makis Keravnos on Friday sounded the alarm, describing the current economic situation as alarming. Speaking on CyBC’s morning radio programme, the minister warned that Cyprus’ economy, which ...

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 ...

The EU should “stay focused on the key issues of concern”, Finance Minister Makis Keravnos said after the conclusion of the Economic and Financial Affairs Council of the EU (Ecofin), ...

Finance Minister Makis Keravnos said on Tuesday he is “not optimistic” about the Great Sea Interconnector – the mooted subsea electricity cable linking Cyprus to Greece. However, his sentiments diverged from ...

Cyprus’ economy is projected to maintain its resilience in 2025, with an anticipated growth rate of 3.1 per cent – significantly higher than the EU average – Finance Minister Makis Keravnos said on Friday. ...

With sound management of public finances, the economy will continue performing well in the next few years, but despite this there is no room for complacency, the finance minister said ...

The Paphos-Polis highway is the fourth public project this government has terminated because of major disputes with the contractor. Last year it pulled the plug on the waste treatment plant ...

Finance Minister Makis Keravnos on Wednesday assured that the government is committed to finding lasting solutions to the economic challenges facing Cypriot society, highlighting the importance of incorporating feedback from ...

Although all the economic indicators for next year are positive and Cyprus was the third fastest-growing economy in the eurozone in 2024, Finance Minister Makis Keravnos did not try to hide ...

This week saw the verbal jousting between the government and opposition party Akel over the issue of affordable housing return, with each side cherry-picking data from the latest Eurostat survey. ...

Finance Minister Makis Keravnos on Friday defended the government’s decision to reinstate the zero VAT saying the government is not affected by external pressures. In an interview with the ...

Finance Minister Makis Keravnos on Monday waved off the notion he might quit over lingering concerns he has regarding the mooted Cyprus-Greece electricity interconnector. Speaking to the ANT1 television channel, ...

Last week the government and trade unions inked an agreement granting civil servants and public-sector workers a 1.5 per cent salary bump. The move raised eyebrows, given that only recently the ...

The government on Thursday signed an agreement granting all workers in the central government and the broader public sector a 1.5 per cent rise on their base salary – the first such ...

Cyprus submitted a request to the European Commission on Wednesday for the disbursement of the fourth tranche of the Recovery and Resilience Facility (RRF), amounting to €77 million. The government submitted ...

The planned 48-hour strike by public hospital doctors scheduled to take place from Tuesday to Thursday has been called off following extensive discussions between the doctors’ unions, the state health ...

Minister of Finance, Makis Keravnos on Monday will take part in the Eurogroup and Ecofin meetings, to be held on June 20-21, as well as annual meetings of European Stability ...

The European Central Bank (ECB), as had been widely expected, reduced interest rates in the euro zone. It was a small reduction of 25 basis points, bringing the ECB’s key ...

Rating’s agency Moody’s on Saturday upgraded the outlook on the government of Cyprus to positive from stable. The decision to improve the outlook reflects Moody’s confidence in ...

Six employees who retired from the state broadcaster (CyBC) last year have yet to receive their pension, Evrik union said on Tuesday. calling on Finance Minister Makis Keravnos to step ...

Disy and Diko on Thursday submitted a joint proposal which would allow government officials to renounce their multiple pensions. The proposal would allow those appointed or elected to a public ...

Finance Minister Makis Keravnos said on Monday that there appears to be no immediate threat to the Cypriot economy stemming from developments in the Middle East, following a snap meeting. ...