Cyprus secures EIB loan of €369 million
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...
Makis Keravnos
Finance minister meets banks over interest rates
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...
Flurry of activity over foreclosures on Monday
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...
Our View: Change of economic tune is necessary
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...
Finance minister, unions insist on need for more civil servants (updated)
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...
Cypriot economy strong despite challenges, finance minister says
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...
Our View: Shopping basket app could help consumers
Two government measures for helping people cope with inflation are in the pipeline – reduction of VAT on basic consumer goods and the creation of...
Our View: Higher deposit rates, lower loan rates are a fantasy
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...
Electricity subsidies extended
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....
Bad loans in Cyprus will not increase, finance minister assures
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...
