RUSSIA: President of Cyprus to sign protocol on economic cooperation

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Cyprus and Russia initialled the protocol of the 8th meeting of their Intergovernmental Committee for Economic Cooperation on Friday, which will be signed during President Nicos Anastasiades’ visit to Moscow on February 25.


The protocol was initialled in Nicosia by Finance Minister Haris Georgiades and Russian Deputy Minister for Economic Development Nicolay R. Podguzov, after which the Cypriot Minister said that the meeting was a productive one adding that their friendly relations create the necessary circumstances for more achievements in the field of bilateral cooperation.
Referring to President Anastasiades’ visit to Moscow, Georgiades said it will contribute to the enhancement of the cooperation between the two countries in many areas, such as maritime commerce, telecommunications and technical military cooperation.
The protocol, he said, concerns the fields of commerce, energy, agriculture, tourism, education, science and culture.
Georgiades said that the Cyprus economy is on a course of stabilisation and described the enhancement of the cooperation with Russia as important for the efforts to boost the economy of the island. He also said that Nicosia looks forward to the normalisation of the EU – Russia relations.
The Russian official also confirmed that the ties between the two countries are very good despite the difficulties in the relations between Russia and the EU.