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No political considerations in Russia’s request to amend double taxation avoidance agreement, Embassy tells CNA

LoveCyprus — Mon, 06 Apr 2020 11:11:37 +0000

There are no political considerations in Russia`s request to amend the double taxation avoidance agreement between the Russian Federation and the Republic of Cyprus, the Russian Embassy in Nicosia has told the Cyprus News Agency (CNA).

Responding to a question by CNA, following media reports on this issue, the Embassy said that the Republic of Cyprus is chosen by Russian authorities as the first country to amend the double taxation avoidance agreement due to objective reasons.

It noted that “34% of cumulative foreign direct investment in Russian economy are coming from Cyprus. We would like also to emphasize that there are no political considerations in this Russian action,” the Embassy added.

Furthermore it said that “amendments to taxation agreements will take place also with some other countries, primarily those through which large sums of Russian money are passing.”

Source: CNA

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VIP POLICEMAN 2

LoveCyprus — Sat, 14 Dec 2019 17:30:00 +0000

The new year is coming, and Barvikha’s police department is planning to celebrate it out of the city in the warm company of old friends and colleagues. But surprise in the face of criminals who robbed a large jewelry company, put the holiday at risk. Will the Rublev police be able to return the stolen gems worth millions of dollars and save their holiday before the clock strikes midnight?

Director: Ilya Kulikov

Cast: Sergey Burunov, Roman Popov

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Deputy Tourism Minister says Russian market expected to boost Cyprus’ tourist industry this summer

LoveCyprus — Thu, 14 Mar 2019 07:26:18 +0000

Deputy Minister of Tourism Savvas Perdios told the Cyprus News Agency (CNA) on Wednesday that the Russian market is expected to boost the tourist industry of Cyprus this summer.

Perdios is currently in Moscow holding meetings in the framework of the Moscow International Travel & Tourism Exhibition.

In his statements to CNA, he noted that it seems that this year the tourist flow from Russia will be the same as last year, adding that this will give the tourist industry a boost compared to other markets from where indications are negative, as Germany and the UK.

He went on to say that arrivals from Russia were 800 thousand last year.

Moreover, Perdios said that Russian tour operators seem to be ready to invest, to a smaller extent, in winter tourist programmes. He also said that Russian tour operators have begun to represent other Russian speaking countries as Belarus, Kazakhstan and Uzbekistan, as well as Baltic countries.

As regards the British market, the Deputy Minister of Tourism said that they will be waiting to see developments on Brexit, adding that this issue is related to the exchange rate for the sterling.

This will be a difficult year, he added, noting however that we should focus on the opportunities.

Perdios also said that Cyprus should seek to attract tourists from other markets as well, and not only from traditional markets as the UK.

Source: Cyprusdaily

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