The protocol, which was initialled in Nicosia by Finance Minister Harris Georgiades and Russian Deputy Minister for Economic Development Nicolay R. Podguzov, is to be signed by the Presidents of Russia and Cyprus during Nicos Anastasiades’ official visit to Moscow on February 25.

In statements after the meeting with the Russian delegation, Georgiades said that the meeting was productive, adding that it demonstrated that the historic ties between the two countries and their friendly relations created the necessary circumstances for more achievements in the field of bilateral cooperation.

Referring to Anastasiades’ visit to Moscow, he said it would contribute to a great extent to the enhancement of the cooperation between the two countries in many sectors.

The protocol, he said, concerned the fields of commerce, energy, agriculture, tourism, education, science and culture.

The minister referred to the prospects for new cooperation in the fields of maritime commerce, telecommunications and technical military cooperation.

Referring to the economy, Georgiades said Cyprus was on a course of stabilisation, and described the enhancement of the cooperation with Russia as important for efforts to boost the economy. He also said that Nicosia looked forward to the normalisation of EU-Russia relations.

In his statements, the Russian official said the ties between the two countries were very good despite the difficulties in relations between Russia and the EU.

Source: Cyprus Mail