Cyprus economy

Dear Clients, Associates and Partners,

Following the announcement of the Eurogroup, on Friday 16.03.13, we would like to inform you that nothing has been decided by the Cyprus Parliament in relation with the levy on bank accounts deposits.

Our Government, together with Cyprus Bar Association, the Institute of Certified Public Accountants, the Cyprus Stock Exchange and the Cyprus Securities and Exchange Commission in Cyprus, is considering alternative solutions in order to avoid implementing the above levy

We strongly recommend to remain calm and patient until the final decision.  

In order to strengthening the stability our Government decided that the Cyprus Banks remain close today and tomorrow, Wednesday 20th March.

Thank you for the understanding and your support

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