Cyprus caps rates at 11.42%
The Central Bank of Cyprus has determined the maximum interest rate for lending in the country to be 11.42%, exercising its powers under the Cyprus Penal Code.
Construction and consultation
The inconsistencies and legal uncertainty arising from the constant changes in building regulations could have been avoided if substantive consultation had been conducted in a timely manner.
Cypriots’ new option for investments
Cypriot citizens now have access to and can invest in bonds issued by the Republic of Cyprus.