Following a cabinet meeting, Finance Minister Makis Keravnos said that “the Board of Directors of the Unified Body for the Out-of-Court Resolution of Financial Disputes, after evaluating the applications of those who showed interest and submitted a relevant application, determined that Valentina Georgiadou meets in the best possible the required qualifications, and has the skills and experience”. 

It should be noted that this appointment, set for a five-year term, fills the gap created by Pavlos Ioannou’s departure on July 1, after his time in the role had concluded. Notably, Ioannou will now run as MEP on the Elam ticket. Previously, Georgiadou served as deputy Financial Commissioner, having held that position from 2019 until now. Moreover, despite the cabinet’s autonomy from the board of directors’ recommendations, it eventually fully approved its decision, leading to Georgiadou’s promotion.

Georgiadou has a background in law. Aside from her role as Deputy Finance Commissioner, she has also been functioning as the acting Finance Commissioner for the last 10 months. Meanwhile, it’s important to mention that the ministry, as reported by online outlet StockWatch, will not deliberate on the appointment of a new governor for the Central Bank in today’s session.

Source: Cyprus Mail