Press Releases

I am delighted to be here among such distinguished friends in this celebratory event of the long-standing historic and powerful links that bind our two countries together.

In this regard, and before proceeding further, I feel obliged to congratulate the Cyprus – Russian Business Association and the Cyprus Chamber of Commerce and Industry for organizing this festive event, which once more reaffirms the exceptional level of the bilateral relations between Cyprus and Russia

Our countries share a long-standing relationship at all levels and in all fields: a relationship founded on concrete and deeply-entrenched political, economic, cultural and religious ties, which is greatly valued by the Government and the people of Cyprus and one which we actively aim to qualitatively upgrade even further.

In this regard, I wish to concentrate on an important pillar of the relationship between Cyprus and Russia which demonstrates the quality and depth of our relations: the economic cooperation, business and investments collaborations which are supported and promoted in a systematic manner, always in line with international standards and obligations and the need for transparency and accountability in all investment and business transactions.

On behalf of the Government, I wish to convey in the strongest terms that, contrary to unfounded rumors circulated in specific directions, the business community of the Russian Federation, either present in Cyprus or abroad, can rest assured that Cyprus will remain a reliable partner and further advance its position as a significant international hub for Russian and Cypriot business and investment synergies. 

I have no doubt that Cyprus and Russia will continue to enjoy a mutually beneficial economic partnership, a vibrant partnership which, founded on a concrete basis, has a prosperous future: a partnership which I have no doubt that both countries aim at further deepening and strengthening.

I am also confident that the Russian community living and working in Cyprus – a community which acts as a link between Cyprus and Russia - will continue to develop business, investment, tourism and trade co-operation between our two countries, exemplifying the so often displayed in our common history solidarity between our two peoples.

And taking this opportunity in the presence of so many of our Russian Friends, I wish to, yet again, convey our highest appreciation for your presence on the island. Your active contribution to the economy of Cyprus, as well as the cultural wealth you bring to the Cypriot social fabric, is indeed invaluable.

 In warmly welcoming all of you, I am confident that, just as in the past, you will have a memorable evening.

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RM/SCH