On Friday 30 August 2013 the Minister of Finance issued the 20th Decree for Restrictive Measures on Bank Transactions and the 11thDecree on International Banks extending the respective 19th and 10th decrees for a period of 28 days.
On 30 July 2013 the Ministry of Finance and the Central Bank of Cyprus announced officially the recapitalisation of Bank of Cyprus and its exit from resolution by the conversion of 47,5% of the unsecured deposits into shares
On 29 April 2013 amendments to the tax Laws of Cyprus, with more notable the increase in the corporation tax from 10% to 12,5% were published inhe Government Gazette.