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Cyprus business seminar opens in Moscow
2006-07-04 12:02:34

Moscow, Jul 4 - A seminar for Russian and Cypriot business people took place at the Russian Chamber of Commerce and Industry on Tuesday entitled ?Cyprus ? International business centre and professional services?.

The seminar was organized by the Cyprus Chamber of Commerce and Industry, with the support of the Cyprus Ministry of Commerce, as well as the trade department of the Cypriot Embassy in the Russian capital.

In his opening remarks, vice president of the Russian CCI, Sergei Petrov described the Republic of Cyprus as one of the ?substantial economic partners of the Russian Federation?, pointing out that even if the bulk of the direct exchanges between the two countries was small (around 66 million Euro in 2005), the picture is completely different in the field of investment, services and tourism.

?After Cyprus? accession to the EU, Cyprus? importance as a centre of services of various forms has significantly increased and is surpassing regional levels, while after the Russian business people adjusted with European legislation, conditions have not become worse, just different and in our view, especially attractive?, the Russian official added.

In his speech, Cypriot Ambassador Leonidas Pantelides referred to the ?healthy and diverse, not only political but also economic cooperation between Russia and Cyprus?.

Mr. Pantelides also said that during this period, around 1200-1500 visas are being issued on a daily basis and that the government decided not to charge the fee of 10 euro per visa during the tourist season. He also said that Russian business people who apply to the Embassy?s consulate through the Russian Chamber of Commerce will be able to receive multiple entry visas.

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