https://knews.kathimerini.com.cy/en/news/keravnos-expects-more-from-banks-to-boost-cyprus-economy
The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....
https://knews.kathimerini.com.cy/en/news/syprodat-and-government-join-forces-to-end-non-performing-loans
Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....
https://knews.kathimerini.com.cy/en/news/€369-million-eib-loan-for-smart-investments
The government has secured a €369 million loan from the European Investment Bank (EIB) with favorable terms to support expenditures and investments within the framework of the "Thalia" program. ...
https://knews.kathimerini.com.cy/en/news/focus-on-growth-employment-control-and-surplus-in-the-2024-budget
The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA....
https://knews.kathimerini.com.cy/en/news/government-cuts-interest-income-rates-from-30-to-17
The Cyprus government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said on Wednesday, noting that banks should follow suit in boosting income for depositors.
...
https://knews.kathimerini.com.cy/en/news/recovery-and-resilience-measures-target-non-performing-loans
In a move to address Non-Performing Loans (NPLs) and maximize European funds, Minister of Finance, Makis Keravnos, announced the approval of an action plan under the Recovery and Resilience Plan. ...
https://knews.kathimerini.com.cy/en/news/bank-tax
Leaving the door open for potential action, the Finance Ministry is considering an additional tax on banks due to dissatisfaction with their current approach to deposit and lending rates....
https://knews.kathimerini.com.cy/en/news/fuel-tax-cut-to-aid-low-incomes
The association called "Equality" is requesting a reduction in fuel taxes through a letter addressed to the Minister of Finance, Makis Keravnos....
https://knews.kathimerini.com.cy/en/business/cyprus-oman-double-taxation-agreement-approved
The Council of Ministers approved on Wednesday an agreement for double taxation avoidance and the prevention of tax evasion regarding income taxes as well as the relevant protocol between the Republic of Cyprus and the Sultanate of Oman, Minister of Finance, Makis Keravnos said after the Cabinet meeting....
https://knews.kathimerini.com.cy/en/news/cypriot-economy-on-the-brink-says-finance-minister
During his address to the House of Representatives and following his presentation to the Parliamentary Finance Committee on the government's comprehensive package of seven measures for addressing foreclosure issues, ...
https://knews.kathimerini.com.cy/en/news/contentious-foreclosure-legislation-sparks-debate-in-parliament
The issue of foreclosures remains unresolved and will be the focal point of the upcoming plenary session on Thursday, July 13. ...
https://knews.kathimerini.com.cy/en/news/the-government-s-seven-proposals-for-vulnerable-individuals
Finance Minister Makis Keravnos submitted seven government actions aimed at addressing issues related to non-performing loans to Parliament yesterday....
https://knews.kathimerini.com.cy/en/news/parliament-to-vote-on-law-for-borrowers-foreclosure-appeal
The news from the "Oikonomiki Kathimerini" about the suspension of first home foreclosures up to €350,000 until the end of October has been confirmed. ...
https://knews.kathimerini.com.cy/en/news/double-impact-on-gas-station-owners
Citizens are in turmoil following the termination of reduced special consumption tax rates on transportation and heating fuels, which resulted in increases of 8.32 cents in gasoline and diesel, and 6.83 cents in heating fuels.
...
https://knews.kathimerini.com.cy/en/news/cabinet-pulls-plug-on-fuel-subsidies
Temporary fuel state subsidies are set to expire before the weekend in the Republic of Cyprus, after the finance minister announced an extension could not be justified...
https://knews.kathimerini.com.cy/en/news/cyprus-economy-thrives-finmin-foresees-robust-growth-and-fiscal-stability
During the 2023 Annual General Meeting of the Cyprus Bankers Association, the Minister of Finance, Mr. Makis Keravnos, discussed the current state and future prospects of the Cyprus economy, particularly focusing on the banking sector. ...
https://knews.kathimerini.com.cy/en/news/parliament-approves-reduced-vat-rate-on-first-homes
The plenary session of the Cyprus Parliament passed on Thursday almost unanimously a law allowing for the imposition of a reduced VAT rate of 5% on the first 130 sqm of a primary residence, including both houses and apartments...
https://knews.kathimerini.com.cy/en/news/finance-minister-warns-of-vat-consequences
With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....
https://knews.kathimerini.com.cy/en/news/finmin-underlines-the-importance-of-disciplined-policy
The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....
https://knews.kathimerini.com.cy/en/news/new-plan-to-safeguard-vulnerable-groups-homes-nears-approval
The Director of the Press Office of the President of the Republic, Victor Papadopoulos, announced that a new plan to safeguard the first homes of vulnerable groups in Cyprus is on the horizon. ...
https://knews.kathimerini.com.cy/en/news/cyprus-emerges-as-top-beneficiary-of-eib-support-in-europe
The European Investment Bank (EIB) President, Werner Hoyer, announced that Cyprus remains the largest beneficiary of EIB support per capita in Europe....
https://knews.kathimerini.com.cy/en/news/natural-gas-a-priority-for-affordable-electricity-generation
The Cyprus Chamber of Commerce and Industry (CCCI) agrees with the government's priority to bring natural gas το Cyprus, in order to produce cheap electricity, said CCCI President Christodoulos Angastiniotis, after a meeting held between CCCI and President of the Republic, Nikos Christodoulides, on Tuesday....
https://knews.kathimerini.com.cy/en/news/president-holds-talks-with-eu-commissioners-on-cyprus-problem-and-migration
The Cyprus problem, the migration issue and current European developments were discussed on Monday at the meeting between the President of the Republic of Cyprus, Nikos Christodoulides and the Vice-President of the European Commission responsible for the Promotion of the European Way of Life, Margaritis Schinas, at the Presidential Palace....
https://knews.kathimerini.com.cy/en/business/cyprus-and-netherlands-seal-double-taxation-deal
Cyprus' Minister of Finance, Makis Keravnos, expressed his satisfaction for the conclusion of negotiations on a double taxation avoidance agreement with the Netherlands in a meeting Thursday with the Ambassador of the Netherlands in Cyprus, Elke Merks-Schaapveld, according to a press release by the Ministry of Finance....
https://knews.kathimerini.com.cy/en/business/finance-minister-considers-lowering-vat-rates-for-basic-necessities
The Minister of Finance of Cyprus, Makis Keravnos, has announced that the Ministry is considering measures for banks and credit-acquiring companies to absorb high-interest rate increases, as well as reducing value-added tax (VAT) for basic necessity products to tackle high prices....
https://knews.kathimerini.com.cy/en/news/finance-minister-requests-containment-of-lending-rates-for-housing-loans
The Finance Minister of Cyprus, Makis Keravnos, has written letters to the Director General of the Cyprus Banks Association and the Director General of the Association of Credit Acquisition Companies and Credit Facility Managers, requesting measures to control rising lending rates for serviceable loans up to €350,000....
https://knews.kathimerini.com.cy/en/news/significant-progress-of-cypriot-economy-noted-by-ecb-chief-economist
Philip R. Lane, member of the Executive Board and Chief Economist of the European Central Bank (ECB) said he is pleased to witness the significant progress of the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/keravnos-urges-banks-to-restructure-loans-and-keep-rates-low
Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...
https://knews.kathimerini.com.cy/en/news/finance-minister-calls-on-banks-to-delay-foreclosures
The Finance Ministry is considering possible actions to tackle non-performing loans and is examining a set of measures aiming to address the issue, ...
https://knews.kathimerini.com.cy/en/comment/opinion/it-s-dangerous-around-here
There has been a lot of discussion about the new President's selection of Michalis Hatzigiannis to fill the role of Deputy Minister of Culture, and it can be challenging to separate reasonable criticism from elitism. ...
