The Council Members

Chairperson of the Fiscal Council

Dr Andreas Charalambous graduated from the University of Heidelberg of the Federal Republic of Germany, in the field of Economics, from which he acquired his doctorate title, in 1985. He served for a long period as a director for Economic Research and European Union Affairs and later as director for Financial Stability at the Ministry of Finance. His main responsibilities included analyzing developments and advising on policy issues related to macroeconomic and financial sector development. He has served as a chairman of the Cyprus Securities Commission and in several other boards. He has participated in the negotiation team on the economic aspects of the Cyprus problem. He has also represented Cyprus in the Economic and Financial Committee and the Eurogroup Working Group of the European Union. During the Cyprus Presidency of the EU Council in 2012, he chaired the Coordination Committee responsible for issues related to the ECOFIN Council. Andreas Charalambous has retired from civil service on July 31 2019. In July 2026 he has been appointed as the new chairman of the Fiscal Council of Cyprus.

Member of the Fiscal Council

Marios Zachariadis holds a degree in Economics with mathematical emphasis from the University of Wisconsin-Madison (1993) and a PhD in Economics from The Ohio State University (2000). He served as an Assistant Professor in the Department of Economics at Louisiana State University from 2000 to 2005. He was hired as an Assistant Professor at the University of Cyprus in May 2005, and subsequently promoted to Associate Professor in June 2010 and Full Professor in November 2017. He served as a member of the National Economy Council from April 2013 to March 2015, and as a member of the Fiscal Council from June 2014 to August 2017 and again from March 2024. His research interests include Monetary Economics, Fiscal Policy, Open Economy Macroeconomics, and Economic Growth. His recent research focuses on studying economic expectations and the impact of fiscal and monetary policy on the economy. His research has been published in journals such as the American Economic Review, the Journal of International Economics and the Journal of Money Credit and Banking.

Member of the Fiscal Council

Marios Clerides studied at the London School of Economics where he received a BSc, MSc and PhD (1982) in economics

In 1982 he was hired by Hellenic Bank as head of Planning and Economic Research Department. He coordinated various projects such as the introduction of ATMs in the Bank, the integration of the operations of Barclays Bank, etc.

In 2001-2006 he became Chairman of the Cyprus Securities and Exchange Commission (CySEC) with a 5-year contract. During this period the CySEC was harmonized with the Community Acquis and assumed its Supervisory Responsibilities

In 2006-2014 he returned to Hellenic Bank as Group Risk Manager. During this period, he managed the Greek Bond Crisis and represented the Bank in its dealings with the Troika

In January 2014, he left Hellenic Bank and took over as General Manager at the Cyprus Cooperative Central Bank, from where he resigned in September 2015.

He served as Chairman of the Board of Directors of the Cyprus Banks Association, and Chairman of the Board of Directors of the Cyprus Economic Society, a member of the National Council of Economic

Advisers (the prof Pissarides Government Advisory Committee), and on various Boards of Financial Institutions and Public Companies.

He is a member of the Board of the Center for Economic Research of the University of Cyprus.

Until recently, he taught (as a Special Scientist) postgraduate students at the University of Cyprus on issues of the Cyprus Banking System and the Cyprus Money and Capital Markets.