#Makis Keravnos

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 “...

The government will commission a study on how to streamline the state payroll to reflect international and European standards, Finance Minister Makis Keravnos said on Friday, as he discussed the ...

Talking about the state budget for 2024 at the House finance committee on Monday, Finance Minister Makis Keravnos said he was worried about the increase of the public payroll, which stands ...

By Elias Hazou and Nick Theodoulou The proposed state budget for 2024 focuses on fiscal stability and achieving greater strides towards the ‘green transition’ and digital transformation, Finance Minister Makis Keravnos ...

Finance Minister Makis Keravnos said the government is “not dogmatic” on Friday after reinstating the electricity subsidy on Thursday. Speaking to reporters following a meeting with European Court of Auditors ...

Finance Minister Makis Keravnos said on Friday he is “in favour of targeted measures to help mostly vulnerable groups from the wave of rising costs and inflation.” He made the ...

Finance Minister Makis Keravnos is set to deliver the state budget for 2024 to House President Annita Demetriou at 12.30pm on Wednesday. The budget, Nikos Christodoulides’ administration’s first one, will ...

Unions and consumer organisations called on the government to set out and implement a policy to fight inflation, proposing both targeted and horizontal measures. This anti-inflation alliance has asked for ...

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 ...

The government is “constantly taking measures” in the battle against inflation rates, according to Finance Minister Makis Keravnos. Speaking after a meeting with the Association for the protection of borrowers (...

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 ...

The head of the Association for the Protection of Bank Borrowers (Syprodat) Costas Melas said on Monday that he requested to meet with finance minister to present him with new ...

Finance minister Makis Keravnos was disparaged and ridiculed for the measures he announced after Wednesday’s council of ministers meeting, one newspaper columnist referring to them as “targeted mockery.” He ...

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 ...

Officials of the European Investment Bank (EIB) will be in Cyprus next month for talks with the government concerning the EuroAsia Interconnector project, the finance minister told MPs on Tuesday. ...

Finance Minister Makis Keravnos appears to have made it his mission to put Cyprus’ banks under his control, even though he has no such authority. The latest idea he has ...

Finance minister Makis Keravnos said on Thursday evening that Cyprus will help fund the rebuilding of war-torn Ukraine. He made the comments at a signing ceremony in Brussels where 16 EU ...

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 ...

Fuel prices have been significantly reduced and the government will review continuing a VAT cut, which expires on June 30, Finance Minister Makis Keravnos said on Friday. Parties have already filed ...

Cyprus is the leading beneficiary of European Investment Bank (EIB) support per capita with €250 million in funds received during 2022, EIB president Werner Hoyer said during a visit on Friday. Hoyer ...

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 ...

Finance Minister Makis Keravnos will travel to Brussels this Sunday to participate in the Eurogroup and Ecofin meetings. According to a press release issued by the Finance Ministry, Keravnos will ...

Finance Minister Makis Keravnos said on Monday that they are working towards lowering the VAT rate in general in Cyprus, adding that the government would mostly likely also further extend ...