Panayiotis Rougalas
Cyprus’ Finance Minister, Makis Keravnos, kept a close eye on the outcome of the U.S. elections, which saw Donald Trump elected as the 47th president of the United States.
In comments to Kathimerini, Keravnos reflected on Trump's victory and its potential impact on Cyprus’s economy. He noted that geopolitical developments have created a new balance of power, particularly in the Middle East and the wider region. He highlighted Russia’s presence in the area due to the situation in Syria, adding, “This, of course, could not leave the U.S. indifferent.”
Keravnos emphasized Cyprus's strategic position, as an EU member with British bases on its soil, noting that the EU’s defense relies on NATO. “The government assessed this situation and initiated steps that led to the Cyprus-U.S. strategic dialogue,” he stated, adding, “Beyond security issues, the national issue, and other concerns, this dialogue naturally included economic cooperation and the potential for American investments.”
In his view, “President Trump’s election is unlikely to shift American interests in our region, as current developments not only persist but appear to be solidifying.”
Concluding his initial remarks after the U.S. elections, Keravnos said, “Factoring in Cyprus’s energy potential, I believe the government’s initiatives, including economic matters, continue to hold significant promise for ongoing, positive outcomes.”
