
Cyprus Finance Minister Highlights Economic Resilience Amid Persistent Inflation
Despite ongoing inflationary trends, Cyprus continues to experience satisfactory growth and remains stable against external economic shocks.
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Despite ongoing inflationary trends, Cyprus continues to experience satisfactory growth and remains stable against external economic shocks.

Cypriot Finance Minister Makis Keravnos has praised the agreement reached among EU member states on a mechanism to monitor and evaluate the bloc's next multiannual financial framework, covering its budget for the upcoming period.

The EU is considering a new package of sanctions against Russia and has agreed to prioritize digital over printed instruction manuals. Additionally, five member states are proposing to limit the voting rights of future EU members.

Cyprus Finance Minister Makis Keravnos met with ESMA chair Verena Ross to discuss EU stability and priorities for Cyprus's upcoming presidency of the Council of the EU.

Cyprus Finance Minister Makis Keravnos has decided to hold off on implementing new economic measures, while the employers’ federation Oev issued a warning that the economic fallout from the Middle East crisis could be more severe than initially anticipated.

Cyprus Finance Minister Makis Keravnos stated that Invest Cyprus plays a decisive role in establishing the country as an attractive, safe, and competitive investment destination. His remarks were delivered at the organization’s annual general meeting.

Cyprus's Finance Minister Makis Keravnos highlighted the country's significant contributions to advancing major legislative files in economy and public finances during its Presidency of the Council of the European Union.

Cyprus Finance Minister Makis Keravnos stated that the European Commission's new strategies for islands and coastal communities provide comprehensive frameworks, but emphasized that they must transition from mere recognition of issues to concrete action to address structural disadvantages.

Cyprus Finance Minister Makis Keravnos called for increased investment across Europe while also defending EU fiscal rules, during discussions on stablecoins and financial stability ahead of an informal EU meeting in Nicosia.

Cyprus Finance Minister Makis Keravnos met with outgoing Fiscal Council president Michalis Persianis to discuss economic matters and the leadership transition at the council.

Cyprus's finance minister has stated that now is not the time to introduce 'green taxes' that would further burden citizens, reiterating that the government will implement relief measures if needed due to the energy crisis.

Cyprus Finance Minister Makis Keravnos presented the priorities of the Cypriot Presidency of the Council of the EU regarding Cohesion Policy to the European Parliament, emphasizing that EU strategic autonomy depends on regional strength.

Cyprus Finance Minister Makis Keravnos is traveling to Brussels to participate in Eurogroup and ECOFIN Council meetings, where EU finance ministers will discuss fiscal policy, digital finance, and artificial intelligence.

Cyprus Finance Minister Makis Keravnos stated that internal audit serves as a critical line of defense against corruption. He addressed the general assembly of the Cyprus Association of Internal Auditors on behalf of President Nikos Christodoulides.

Cyprus's Finance Minister stated that the national economy is being affected by regional developments, stressing that stability and modernization cannot be taken for granted amidst global uncertainty.

Cyprus Finance Minister Makis Keravnos emphasized the need for fiscal discipline over populism, stating that the economy is resilient despite the global crisis and the effects of the war in Iran.

Cyprus Finance Minister Makis Keravnos has ruled out discussions on a blanket freeze of foreclosures following a meeting with a delegation from the Disy party.