Interest from judgments issued by Cyprus Courts set at 4%

The Minister of Finance of Cyprus has issued a ministerial decree, which sets the interest percentage which applies on judgments issued by Cyprus Courts at 4%.  The decree has been published in the Cyprus Gazette on 23 December 2014 and has come into effect on 1 January 2015. 

The new 4% rate supersedes the previously applicable rate of 5,5%, which applied since 2008. The reduced interest percentage which is applicable on judgments issued by Cyprus Courts reflects the current market conditions of  negative and declining interest rates across the European economic area.  

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