Christodoulou flies to Moscow to talk tax

FINANCE Minister Christodoulos Christodoulou flew to Moscow yesterday to discuss the renewal of an agreement to avoid double taxation between Cyprus and Russia.

The agreement was first signed in 1982 with the former Soviet Union.

Before his departure, Christodoulou said the treaty needed to be modernised because “it seriously affects our relations”. He added that “relations between Cyprus and Russia are excellent and in all fields and I’m sure… we will be able to find solutions to our mutual benefit.”

The Finance Minister will be heading a delegation of his ministry and the Central Bank and will be meeting the Russian deputy finance minister.

The high-profile visit to Russia is the latest in a series by government figures, but Christodoulou said that his was simply “coincidental”. Defence Minister Yiannakis Omirou is already in Russia, while President Clerides flies to Moscow tomorrow.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.