Iacovos "Makis" Keravnos (; born 18 December 1951) is a Cypriot politician, economist, and banker. A member of the Democratic Party, he has been serving as

Minister of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfolio ...

since March 2023. He previously held the same position from May 2004 to August 2005, in addition to serving as Minister of Labor and Social Security from March 2003 to May 2004. Keravnos represented Cyprus in various meetings with the

EU Council of Ministers The Council of the European Union, often referred to in the treaties and other official documents simply as the Council, and less formally known as the Council of Ministers, is the third of the seven institutions of the European Union (EU) as ...

during his first tenure as Minister of Finance, and played a key role in ushering Cyprus into the

European Exchange Rate Mechanism The European Exchange Rate Mechanism (ERM II) is a system introduced by the European Economic Community on 1 January 1999 alongside the introduction of a single currency, the euro (replacing ERM 1 and the euro's predecessor, the ECU) as ...

in May 2004, marking the initial step that culminated in Cyprus joining the

eurozone The euro area, commonly called the eurozone (EZ), is a Monetary union, currency union of 20 Member state of the European Union, member states of the European Union (EU) that have adopted the euro (Euro sign, €) as their primary currency ...

in January 2008. From September 2005 to September 2014, Keravnos was the CEO of

Hellenic Bank Hellenic Bank Public Company Ltd (; CSE: HB) is a bank in Cyprus. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the Eur ...

, which was the country's third largest bank at the time. He served as Chairman of the Board of Directors for the

Cyprus Broadcasting Corporation Cyprus Broadcasting Corporation (; ), or CyBC (; ), is Cyprus' public broadcasting service. It transmits island-wide on four radio and two domestic television channels, and uses one satellite channel for the Cypriot diaspora. It also transmits o ...

from 2006 to 2009. As of October 2018, he has been a non-executive member of the Board of Directors for the

Central Bank of Cyprus The Central Bank of Cyprus ( ) is the national central bank for the Republic of Cyprus within the Eurosystem, and was the Cypriot central bank from 1963 to 2007, issuing the Cypriot pound. Since 2014, it has also been Cyprus's national competent ...

References

, - , - {{DEFAULTSORT:Keravnos, Makis 1951 births Living people Ministers of finance of Cyprus Greek Cypriots 21st-century Cypriot businesspeople Ministers of labour and social insurance of Cyprus