Cyprus sets new interest rates of 5.5% for public and 6% for judicial overdue payments starting Jan 1st.

Cyprus' Finance Minister, Makis Keravnos, announced new interest rates effective January 1st. The public interest rate for overdue payments will be 5.5%, while the judicial interest rate will be 6%. These rates were set through decrees issued on Monday and will standardize interest calculations for delayed payments and legal financial matters.

3 months ago
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