#Makis Keravnos

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 ...

“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 ...

Finance Minister Makis Keravnos said on Monday that there appears to be no immediate threat to the Cypriot economy stemming from developments in the Middle East, following a snap meeting. ...

The government’s goal is to create a “fully digitised state”, Finance Minister Makis Keravnos said on Saturday. Speaking at a business conference, he said a fully digitised state would “...

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 ...

Plans are afoot to abolish the practice of paying multiple pensions to government officials, it was revealed on Friday. Finance Minister Makis Keravnos said the government “is determined to continue ...

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 ...

‘Cyprus’ economy is doing better than most of EU’ (Update) By Tom Cleaver Finance Minister Makis Keravnos said on Friday that Cyprus’ economy is “operating at a better level than ...