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Cyprus and Bulgaria sign agreement on social insurance
2006-06-06 14:45:10

Nicosia, Jun 6 (CNA) -- Cyprus and Bulgaria signed today a bilateral agreement providing for the coordination of their social insurance systems.

The agreement was singed here by Bulgarian Deputy Prime Minister and Minister of Foreign Affairs Ivailo Georgiev Kalfin and Cypriot Minister of Labour and Social Insurance Christos Taliadoros.

Among others, the agreement provides for equal treatment of the citizens of both countries regarding social insurance, based on their national law and the regularization of the insurance of people working in both countries.

The agreement will provide a series of social benefits for the Cypriot and Bulgarian citizens and will contribute to the enhancement of their traditionally friendly relations, an official press release says.

''In the last years we have had a remarkable contribution of workers from Bulgaria to the economic development of Cyprus. A great number of Bulgarians work in our country?, the Cypriot Minister said.

He added that the agreement is a landmark for the relations of the two countries.

The Bulgarian Minister said that the agreement enables the creation of good conditions and facilities for the work between the peoples of the two countries.

''This agreement offers equal conditions to employees coming from Bulgaria to Cyprus. For the time being, we do not have enough Cypriots working in Bulgaria?, Kalfin added.

The Bulgarian Minister noted that through the agreement steps are taken to upgrade and liberalize the labor market, a development which is in the interest of the business and the people.

He also thanked the government of Cyprus for the conditions it provides to Bulgarian workers.

?When Bulgarian workers come back to their country, they are more experienced and have more knowledge about the different professions. This agreement is going to be a huge step forward and I am very grateful to the colleagues in Cyprus for finalizing this agreement?, he concluded.

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