#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 ...

The recent passage of legislation aimed at strengthening football clubs does not absolve them of their financial obligations, Finance Minister Makis Keravnos clarified on Friday. “The bill that has been ...

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 European Investment Bank’s (EIB) offices opening in Cyprus will create conditions for better collaboration, Finance Minister Makis Keravnos said on Friday. In statements while attending the opening ceremony, ...

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 ...

A few days after the government’s unexpected decision to reintroduce zero VAT on six categories of products, reversing a previous plan to end the measure aimed at tackling rising ...

Citing the falling inflation rate, Finance Minister Makis Keravnos made it absolutely clear on Thursday that any remaining relief measures would get scrapped by month’s end. The minister recalled ...