Cyprus will consider passing the bill on taxing bank deposits. The government needs just one vote to pass it. Center-right DISY has 28 seats of parliament and needs 29 votes, ITAR-TASS reports.
Stavros Malas who lost the presidential polls criticized the bill, stating that it would be a “deadly strike” on the economy of Cyprus. The government proposed reduction of tax for deposits worth less than €100,000 to 3% and increase to 12.5% for deposits worth over €100,000.
Nicosia agreed to adopt a tax worth 6.75% for deposits worth €100,000 and 9.9% for bigger deposits on Saturday morning in order to be granted a loan of €10 billion. President of the European Parliament Martin Schultz approved invitation of private investors. He proposed support for small investors and to free them from paying for deposits worth less than €25,000.
The Central Bank of Cyprus restricted any monetary operations of banks in the country and abroad today, according to its letter of March 16, 2013.
Financial and legal services of local and foreign companies for individuals accumulated up to 80% of the GDP.
Prices for May futures for Brent oil dropped by $1.32 (1.15%) to $108.56 per barrel. Futures for WTI dropped by $1.02 (1.1%) to $92.43 per barrel.
