#Makis Keravnos

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 ...

Cabinet on Friday approved the state budget for 2025 and the government’s medium-term fiscal framework for the three years between 2025 and 2027. Speaking after the day’s cabinet meeting, Finance Minister ...

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 ...

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 ...

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 ...

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 ...