Finance Minister Makis Keravnos dismisses calls to resign over Great Sea Interconnector doubts
Finance Minister Makis Keravnos expressed uncertainty on Tuesday whether Diko leader Nicholas Papadopoulos realizes that he is a member of Diko amid calls for his resignation over his reservations concerning the Great Sea Interconnector project. Keravnos, speaking on Ant1 television, dismissed the resignation demands and emphasized his focus on serious national issues, questioning why he would consider stepping down.
Papadopoulos criticized Keravnos for allegedly demonizing the interconnector without presenting supporting data and questioned why President Christodoulides would push for a project the finance minister reportedly opposes. Historically, Keravnos has been the least enthusiastic cabinet member regarding the interconnector, cautioning about potential cost overruns and doubtful benefits on electricity prices.
Other ministers, including Energy Minister Michael Damianos, have also raised concerns about the project's impact on energy costs, prompting responses from the European Commission and former Energy Minister George Papanastasiou. Despite internal skepticism, proponents argue the interconnector will foster competition and renewable integration, ultimately lowering energy prices across the region.
CYPRadar is a state-of-the-art, AI-powered Cyprus news aggregator that automatically crawls, filters, and translates local updates in real time. By continuously scanning a wide range of trusted Cypriot media outlets, blogs, and official RSS feeds, the platform identifies original stories and uses advanced language models to filter out duplicate coverage. The service then generates concise, objective summaries, ensuring that readers get a quick and clear understanding of every significant event without information overload.
The primary mission of CYPRadar is to provide comprehensive, multi-language coverage of Cyprus news to keep both residents and international visitors well-informed. The platform covers key events across all major cities and districts, including Nicosia, Limassol, Larnaca, Paphos, and Famagusta. By offering all updates simultaneously in five languages — English, Russian, Greek, Ukrainian, and Turkish — CYPRadar bridges communication gaps and ensures that everyone has equal access to critical local information, from policy changes to community events.
Monitor economic trends, financial regulations, and business news in Cyprus. Follow corporate developments, banking sector updates, inflation reports, tax changes, investment growth, and real estate market performance.