#Makis Keravnos

The government on Wednesday approved a bill which will raise state officials’ pension age from 60 to 65. The bill passed through cabinet and will now be sent to parliament for ratification ...

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 ...

The government is “addressing” increases in the retail price of fuel, Finance Minister Makis Keravnos said on Saturday. He said the matter will be addressed with “targeted measures”, as well ...

House President Annita Demetriou and the finance minister got into a verbal spat on Tuesday after the former complained again that the latter is not following proper procedures in submitting ...

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 ...

The government has been on the defensive after Finance Minister Makis Keravnos announced on Tuesday that the cabinet had approved the creation of an oversight body for professional service providers – ...

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 ...

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 ...

The national health scheme Gesy must continue and survive, the finance and health ministers said on Tuesday following a meeting to discuss the issue. “We had a very productive discussion… ...

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 ...

The most important thing for the real economy is to reduce non-performing loans as they have in the banking sector so the economy can function without obstacles, Finance Minister Makis ...

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. ...

Finance Minister Makis Keravnos on Tuesday hailed an agreement reached between the government and trade unions regarding low-wage civil servants’ pay as “a positive outcome for everyone.” He added that “...

Amid mounting complaints over the cost of living, the government on Thursday said it may bring back electricity and fuel tax subsidies in the near future. Speaking to public broadcaster ...

Cyprus has received a loan of over €350 million from the European Investment Bank (EIB) to boost social cohesion, Finance Minister Makis Keravnos said on Wednesday. The loan of €369 million is ...

Finance Minister Makis Keravnos on Tuesday met the bosses of commercial banks in a crunch meeting aimed at getting lenders to provide some relief to customers to compensate for rising ...

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 ...

It was encouraging to hear Finance Minister Makis Keravnos defending the government’s decision to end the subsidy of all electricity bills and the reduction of the consumer tax on ...

Finance Minister Makis Keravnos and trade unions reiterated on Wednesday the need to hire more civil servants after the House finance committee this week refused to approve over 1,800 positions. The ...

Despite the global uncertainty, the Cypriot economy is continuing a positive course in 2023, Finance Minister Makis Keravnos said. Speaking at the forum of the Cyprus association of financial analysts (CFA) ...

Two government measures for helping people cope with inflation are in the pipeline – reduction of VAT on basic consumer goods and the creation of a shopping basket app that will ...

Finance Minister Makis Keravnos wrote to associations representing the banks and loan-purchasing companies asking them to absorb part of the cost from the rise in interest rates so that loan ...

Subsidies for electricity bills have been extended for another two months on Wednesday, at a cost of €21 million, according to a relevant cabinet decision. Cabinet also approved a new two-month ...