Disagreements from the Finance Minister on Funding for the Electricity Interconnection
August 1, 2025
Finance Minister Maki Keravnos disputes the funding for the electricity interconnection between Cyprus and Crete, highlighting a conflict with Cabinet decisions. He stated that consumers would bear the costs, as the government does not intend to add new expenses. Keravnos emphasized that the project is currently frozen, and the release of additional funds cannot be justified. Despite his statements, the process for disbursing the 25 million euros continues, although there is confusion regarding the project's status.