In his review of his portfolio’s activities, the Minister of Finance the Minister of Finance highlighted in his review of his portfolio’s activities. He began by explaining the proceedings at Ecofin.

“We focused on promoting the Savings and Investment Union, modernizing the Customs Union, strengthening tax cooperation, ensuring financial stability, and providing coordinated economic and financial support to Ukraine.” ^{Makis Keravnos, Minister of Finance}

He highlighted as crucial the agreements reached regarding the Union’s competitiveness. Reference was also made to the work carried out within the General Affairs Council on Cohesion Policy issues, where the Multiannual Financial Framework took center stage. Makis Keravnos was asked whether extending Marilena Rauna’s term was necessary.

“Ms. Raouna presented the indicative figures, which provide a very balanced and sound basis. Therefore, this discussion will continue, and I believe her presence will be important and necessary.” ^{Makis Keravnos, Minister of Finance}

Recovery and Resilience Fund

Regarding the funds from the Recovery and Resilience Facility and the absorption of the 1.02 billion that the Republic of Cyprus could have received, the minister stated that the goal was to secure the full amount. However, the country will not be able to utilize 36 million. Of this amount, 13 million is due to the inability to make the green transition, and the remainder relates to waste management.

Watch the report by Kleio Vourkou