President Anastasiades attends Cyprus-Russia business dinner organized by CIPA

President Anastasiades attends Cyprus-Russia business dinner organized by CIPA

President of the Republic of Cyprus, Nicos Anastasiades, attended on Monday evening the “Cyprus-Russia” business dinner as part of his two-day official visit to Moscow. In his speech, the president referred to the long-standing excellent relations between Cyprus and Russia, both at the political and the business and people-to people level.

“Today, people to people contacts are unprecedented. Everywhere in Cyprus, Russians contribute to every aspect of our lives: to business, to tourism, to enriching our culture and lifestyle, and most importantly, to the building of know-how and expertise in areas such as business, technology and innovation. Tourism from Russia to Cyprus has reached staggering numbers, amounting to almost the population of Cyprus –over 800,000 Russian tourists visited Cyprus in 2017”, president Anastasiades noted.

The president stressed that Cyprus’ position as an international business hub would not have been possible without Russia’s contribution to the country’s FDI inflows, as well as the know-how and expertise of its professional services sector, which has gained a lot through the experience of collaborating with Russian investors.

The president also made a call to Russian and Cypriot investors, highlighting the major opportunities in Cyprus’ economy for growth in various sectors, such as shipping, tourism, large infrastructure projects, the filming industry, education, health, research, innovation and, of course, energy.

“Russia and its economy continue to act as a catalyst for growth for the Cyprus economy, while Cyprus plays an important role as a gateway for Russia to Europe, Asia and the Middle East. Doing business with Russia is therefore of utmost importance to our countries today, just as it has been for decades”, the president noted.

Concluding, president Anastasiades assured the commitment of his government to “continue to encourage and support the close ties between Russia and Cyprus, allowing them to become ever stronger. We shall strive to promote new measures to ensure that the attractiveness of the investment environment is constantly upgraded. Our goal is to offer Russian companies seeking growth in international markets, a reliable and competitive partner”.

President Anastasiades, along with the Cypriot delegation comprised of the Minister of Foreign Affairs, the Minister of Finance, the Minister of Transport and Public Works and the Government held discussions with prime minister Medvedev and their Russian counterparts in an exceptionally warm climate, in which it was agreed the signing a number of important agreements and memorandum of understanding in an array of fields that are going to enhance even further the bilateral relations and cooperation between the two countries.

The signing of the agreements will take place on Tuesday after consultations between president Anastasiades and president Putin./IBNA