4 d. ago Our View: Rushed tax reform exposes Disy’s alignment with government

Parties that were left out of Tuesday’s talks that Finance Minister Makis Keravnos had with members of Diko, Dipa and Disy about his tax reform proposal, understandably, went on the offensive at the House finance committee meeting held the following day. Deputies of the excluded parties – Elam, Greens – said that the meeting was […]

Politics

6 d. ago Finance minister warns over Phaneromeni school redevelopment

New concerns over the plan to redevelop the former Phaneromeni primary school site were raised by Finance Minister Makis Keravnos on Monday, who warned the current contract places an unfair burden on the state. He said the agreement has been described as unbalanced by both the former auditor-general and the current one. He added that […]

Events

7 d. ago Keravnos to submit amendments to tax reform bills on Tuesday

Finance Minister Makis Keravnos on Monday said he will submit amendments to the government’s tax reform bills to parliament on Tuesday as he appeared in front of the House finance committee. “There remain some basic principles and elements which are related to the resilience of our economy and to the basic principle that a key […]

Economics

1 week ago Keravnos urges MPs to approve 2026 budget as “investment in the future”

Finance Minister Makis Keravnos on Thursday called on MPs to pass the 2026 state budget, describing it as “an investment in the future of our country”. In a speech at the House plenum, Keravnos said that via the budget the government aims to further boost growth “in the context of a balanced development, while also […]

Politics

1 week ago Cyprus sees strong growth, is wrestling down debt, finance minister says

Cyprus sees strong growth, is wrestling down debt, finance minister says  TradingView

Politics

1 week ago UK budget watchdog head quits over early release of Reeves’ budget

The head of Britain’s fiscal watchdog resigned on Monday after the agency last week inadvertently released key details of the government’s annual tax and spending budget before finance minister Rachel Reeves announced them in parliament. The resignation of Richard Hughes came shortly after the Office for Budget Responsibility said in a report that the lapse […]

Politics

2 w. ago Cyprus steps up 2026 EU Presidency prep in talks with Brussels budget chief

Cyprus’ preparations for its upcoming EU Council Presidency were the focus of a meeting between Finance Minister Makis Keravnos and Director-General of the European Commission’s budget department, Stephanie Riso, who is in Nicosia for a working visit ahead of the 2026 term. Their discussion centred on the progress of the Presidency preparations, with particular emphasis […]

Politics

2 w. ago Sterling set for best week in over three months on UK budget relief

Sterling was heading for its best weekly performance in over three months on Friday, in a sign of relief among investors after British finance minister Rachel Reeves revealed her long-awaited budget earlier this week. Reeves fought back on Thursday against criticism of the government’s spending plans, which will fund extra welfare spending by raising the country’s tax […]

Politics

2 w. ago Cyprus moves to 5 per cent VAT for school construction under new cabinet proposal

Cyprus approved a legal amendment this week to cut VAT on the construction and renovation of buildings used for exempt educational services, reducing the rate to 5 per cent from 19 per cent. Finance Minister Makis Keravnos said after the cabinet meeting that the proposal amends the VAT Law of 2000–2025 and introduces a reduced […]

Politics

2 w. ago Keravnos thanks China for support on Cyprus issue as ambassador completes term

Finance Minister Makis Keravnos thanked China for its consistent support for the sovereignty, independence and territorial integrity of Cyprus during a farewell ceremony this week for Chinese Ambassador Liu Yantao. Speaking at an event in Nicosia, he said Cyprus “particularly appreciates China’s stance on the Cyprus issue, including its role as a Permanent Member of […]

Politics

2 w. ago Speech by the Minister of Finance of the Republic of Cyprus, Mr Makis Keravnos, at the farewell reception for the Chinese Ambassador of the People’s Republic of China to Cyprus, Mr LIU Yantao

Speech by the Minister of Finance of the Republic of Cyprus, Mr Makis Keravnos, at the farewell reception for the Chinese Ambassador of the People’s Republic of China to Cyprus, Mr LIU Yantao  Κυβερνητική Πύλη - Gov.cy

Politics

2 w. ago Cyprus Business Now: finance ministry, companies, Eurobank, RIF, ECOMMBX, gaming

Cyprus’ Ministry of Finance has set out its strategic objectives, challenges and planned interventions for the coming year in its 2026 budget while also reviewing actions implemented in 2025. The document groups the main challenges under nine objectives, ranging from macroeconomic stability and fiscal discipline to financial stability, public-sector productivity and preparations for Cyprus’ EU […]

Economics

2 w. ago Finance Ministry sets out priorities and challenges in 2026 budget

Cyprus’ Ministry of Finance has set out its strategic objectives, challenges and planned interventions for the coming year in its 2026 budget while also reviewing actions implemented in 2025. The document groups the main challenges under nine objectives, ranging from macroeconomic stability and fiscal discipline to financial stability, public-sector productivity and preparations for Cyprus’ EU […]

Politics

3 w. ago Cyprus Business Now: Paphos, Keravnos, social benefits, energy, inflation, Famagusta

The Cabinet on Wednesday approved a proposal from the Finance Ministry to establish a fast dispute resolution mechanism aimed at addressing delays in major public works projects. Finance Minister Makis Keravnos explained that the government had inherited “problematic public contracts” which had been subject to time-consuming court procedures and had resulted in significant delays to important projects. Keravnos stated […]

Economics

3 w. ago Keravnos defends government record at Akel forum, outlines policy plans

Finance Minister Makis Keravnos on Wednesday addressed the 4th Akel economy forum in Nicosia, expressing the government’s commitment for a “more resilient economy, a fairer society, and a more sustainable future“. In his address, the minister also detailed major policy plans concerning housing, climate, and energy. In a similar vein to yesterday’s comments by government […]

Politics

3 w. ago Cyprus Business Now: Keravnos, China ties, Qatar mission, BoC, shipping, tourism

Finance Minister Makis Keravnos has welcomed the European Commission’s autumn 2025 economic forecast, saying that the findings confirm the economy’s “steady progress, resilience and dynamics” despite geopolitical pressures. In a written statement, he said it was “particularly encouraging” that Brussels now expects Cyprus’ economy to grow by 3.4 per cent in 2025, revising its projection upward by 0.4 percentage points from […]

Events

4 w. ago Panayiotou heralds long awaited pension reform by end of 2025

Labour Minister Yiannis Panayiotou informed on Monday the House finance committee that Cyprus is expected to submit key pension reform bills to parliament before the end of 2025. Panayiotou reassured consultations with social partners are nearing completion, and any agreed changes will be incorporated into revised bills already under review by the attorney-general’s office. He […]

Politics

last month Cyprus Business Now: GDP, Finance Minister, shipping, CSE privatisation, RIF

Cyprus’ economy recorded robust growth in the third quarter of 2025, with new national and European data confirming that the country continues to outperform the wider region. According to a flash estimate by the Cyprus Statistical Service (Cystat), Cyprus’ seasonally adjusted gross domestic product increased by 3.6 per cent year-on-year in the third quarter of […]

Politics