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Europe Daily Bulletin No. 11091

31 May 2014
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Lifting of domestic restrictions on movement of capital

Brussels, 30/05/2014 (Agence Europe) - On Friday 30 May, the Cypriot Ministry of Finance announced that it “has set as a main objective the gradual removal of the temporary restrictive measures on transactions with credit institutions, in order to strengthen efforts to promote economic growth”. The restrictions on the movement of capital were introduced in Cyprus in March 2013.

The Ministry explains: “With the achievement of specific milestones incorporated in the relevant roadmap,...