Seventh Decree for Temporary Restrictive Measures on Transactions

The Seventh Decree of Temporary Restrictive Measures in Transactions was published. It contains clarifications in relation to payments and transfers to other credit institutions. In this context: 1. Money transfers are allowed up to €2.000 per month per natural person per institution…

India Minister of State for Foreign Affairs Preneet Kaur in Cyprus for three days

The Cypriot Minister for External Affairs, Ioannis Kasoulides, had a meeting with the India Minister of State for Foreign Affairs, Preneet Kaur, yesterday morning, 11/04/2013, within the mandate of the three day visit of the Indian Minister of State for…

Sixth Decree for Temporary Restrictive Measures on Transactions

The sixth Decree came into force on 11 April 2013. The Decree includes a further loosening of the capital controls first introduced on 27 March 2013. In this context: 1. Cashless payments and/or transfers of deposits/funds in an account held…