Paragraph 1: Legal interest rate

The legal interest rate is set for all matters by order of the Minister for the Economy. It comprises a rate applicable when the creditor is a natural person not acting for business purposes and a rate applicable in all other cases. It is calculated every six months on the basis of the European Central Bank’s key rate for main refinancing operations and the rates charged by credit institutions and…

In the event of a pecuniary judgement, the legal interest rate is increased by five points at the end of a period of two months from the date on which the judgement becomes enforceable, even if it is provisional. This effect is attached ipso jure to the judgment of auction on seizure of property, four months after it is delivered. However, the enforcement judge may, at the request of the…