So people are going to riot because of a 6.5% cut? It took a 75% cut in Argentina before it made a real difference. These accounts pay 5.5-11% interest. Cyprus bank - Deposits and savings. The best interest rate - 12.5 %
People have rioted for less. Just look at any Cypriot football match! These guys have had enough. Peter, Cyprus has the most expensive electricity in Europe, highest priced milk, highest priced bread, a VAT increase in January, fuel has gone up 20% in two months, 14.7% unemployment (registered) and people can't put food on the table... See this article from January.
Urgent appeal to help Paphos needy - Cyprus Mail
Oh, and the Ukranian based savings link you provided certainly isn't indicative of any Cyprus interest rate I've ever seen. Infact, the website looks home made. Certainly not a 6.5% cut, I assure you. You would be lucky to get 3-4% on a fixed savings account in Cyprus through the mainstream banks, and nothing on a current account. Of course, you probably know that a local defence tax is already deducted annually from the total account balance on top of pretty high bank charges.
Watch this space.