Cyprus Business Now: cybersecurity, Hellenic bank, tax law changes, loan rates

The Cyprus Borrowers Association (Syprodat) released a statement on Monday saying that despite recent interest rate cuts by the European Central Bank (ECB), many borrowers have not noticed a decrease in their monthly loan repayments.

According to the association, this can be explained by several factors related to the way interest rates are calculated and the terms of loan agreements.

The association explained that “loans may be linked to different