Cyprus PIO: News Update in English, 99-12-29
From: The Republic of Cyprus Press and Information Office Server at <http://www.pio.gov.cy/>
Wednesday, 29 December 1999
 House frees interest rates
The House of Representatives yesterday approved legislation lifting a
maximum nine per cent ceiling on interest rates.
The new law will come into effect as from 1 January 2001 and provides for
the liberalisation of interest rates.
The House also approved new regulations concerning the taxation of profits
from investments in the Cyprus Stock Exchange.
From the Republic of Cyprus Press and Information Office (PIO) Server at http://www.pio.gov.cy/