Cyprus and Lebanon to sign MoU in business and investment fields

Industry Minister of Lebanon Vrej Sabounjian on Monday put forward a proposal for cooperation with Cyprus in the business and investment fields during a meeting he had with Cyprus Minister of Commerce, Industry and Tourism Neoklis Sylikiotis.

Sabounjian who is paying a visit to Cyprus, said that he will invite the Cypriot Minister to Lebanon in the near future, in order to sign a Memorandum of Understanding (MoU).

Sylikiotis said that the Lebanese proposal will be examined, adding that the signing of a MoU between the two countries will create the basis that will lead to the expansion of the bilateral relations in the fields of investments and businesses.