The Cypriot Stockbrokers' Association has
submitted this week a raft of recommendations to the government on how
it can support the Cyprus Stock Exchange.
According the Xak news agency, the stockbrokers suggest that the government could tax interests earned from deposits to generate an investible income of around £150 million. Another suggestion is to empower the Social Security Fund to invest between 5 per cent to 10 per cent of its reserves which would provide a much-needed boost to the stock market.
Other recommendations include the introduction of tax incentives, the strict application of stock market rules and more interest rate cuts.
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