#Makis Keravnos

Finance Minister Makis Keravnos will take over as acting president of the Eurogroup following Pascal Donoghue’s resignation, it was announced on Tuesday. Donoghue announced his resignation ahead of plans ...

The six bills that make up the government’s tax reform were presented to MPs at the House finance committee on Friday, with Finance Minister Makis Keravnos describing the package ...

The finance minister said on Thursday he is “confident” that the government and parliament will work together to push through the tax reform so that the new system takes effect ...

Trade unions on Thursday appeared to signal that a deal with employers is feasible over the Cost of Living Allowance (CoLA) dispute, ahead of a crunch meeting between the sides ...

Talks continue and will continue with the aim of bringing employers and workers to an agreement over the matter of the cost-of-living allowance (CoLA), employers’ groups said on Friday after ...

Finance Minister Makis Keravnos on Monday outlined the government’s plans for next year’s state budget at a meeting of the House finance committee, telling it the government aims ...

Bills which will bring about sweeping reforms to Cyprus’ tax regime will be submitted to parliament next month at the latest, Finance Minister Makis Keravnos said on Monday. Addressing the ...

Finance Minister Makis Keravnos on Monday accused Greek Energy Minister Stavros Papastavrou of “fake news” over the matter of the Great Sea Interconnector, after the latter had said last week ...

Cyprus has “no intention”a to “create a confrontation with the Greek government” over the matter of the Great Sea Interconnector, Finance Minister Makis Keravnos said on Friday. He had ...

It is “inconceivable” that workers and employers are yet to reach an agreement over the future of the cost-of-living allowance, Finance Minister Makis Keravnos said on Friday. Asked whether he ...

The European Commission’s proposal to at least double support to Cyprus for protecting its external borders was a key topic discussed here on Thursday between Finance Minister Makis Keravnos ...

The European chief public prosecutor’s office (EPPO) on Thursday confirmed that it had launched an investigation into the Great Sea Interconnector project, which has been planned to link the ...

The European Commission should ask why the Great Sea Interconnector has not been completed, Finance Minister Makis Keravnos said. Speaking to newspaper Kathimerini, he made reference for the second time ...

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 ...

The finance ministry has “absolutely refused” to pay any money to Greece’s independent transmission system operator (Admie) for the Great Sea Interconnector project, on account of the fact that ...

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 government is committed to implementing tax reform on January 1, 2026, and “this is something that cannot be changed,” President Nikos Christodoulides said on Tuesday. The president convened a meeting to ...

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 ...

The 2025 state budget was approved by a sizeable majority on Wednesday evening, only Akel and the Greens plus two independent deputies voting against it. Main opposition party Disy voted in ...

The Cyprus Banking Association on Thursday confirmed that banks will announce their decisions on interest rate and fee reductions by the end of the week. Spokesman Andreas Kostouris told state ...