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Chairman of Fiscal Council, Michalis Persianis, to Step Down

Published March 27, 2026, 14:10
Chairman of Fiscal Council, Michalis Persianis, to Step Down

Michalis Persianis, Chairman of the Fiscal Council, has announced his intention to step down from his position, citing personal and practical reasons. His decision was made after discussion with the council's board members and staff. Mr. Persianis assured that his departure has no political dimensions and is related to work scheduling and a smooth transition in the presidency. Mr. Persianis will remain available to the Council for the transition and expressed his wish for the institution to continue on its path towards 'institutional maturity'. He thanked the executive branch, the Ministry of Finance, and the Finance Committee of the Parliament for their cooperation during his term. Michalis Persianis has held the position of Chairman of the Fiscal Council since 2022, with a six-year term. He believes that the members and staff of the Council are a guarantee for the continuation of its work, expressing the view that his absence will not be felt. The departure of Mr. Persianis marks a change in the leadership of the Fiscal Council, an institution that plays an important role in Cyprus' economic policy. A smooth transition and ensuring the continuity of the Council's work are crucial for the stability and growth of the Cypriot economy.