TUESDAY, 28 JAN 2020

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
GloriaJeans_266x90px
IMH LTD

Costas Kadis Attends EU Council Debating European Green Deal And Cap

Kyriakos Koushos: Licensing Of Blocks Affecting Interests Of Third Parties Is Unacceptable

IMH LTD
GAP_Group_2019_468x60px

BUSINESS

brought to you by Deloitte

Invest Cyprus Sign MoU with Russia’s Skolkovo Innovation Centre

Invest Cyprus Sign MoU with Russia’s Skolkovo Innovation Centre

The highly important 2nd Working Group Meeting of the Russia-Cyprus Intergovernmental Commission on Economic Development was held in Moscow in the beginning of March. The participation of the Cypriot delegation in the session was sealed with the signing of a Memorandum of Understanding between Invest Cyprus and the globally renowned Skolkovo Innovation Centre.

The Working Group was established with the aim of following through with the two countries’ Governments’ plans to promote closer economic cooperation, particularly in innovative sectors. Head of the Republic of Cyprus delegation was Georgia Christofidou, Director of the General Directorate for European Programmes, Coordination and Development, who highlighted the importance of promoting cooperation between the two countries in a practical way, with the aim of promoting synergies between stakeholders and the creation of opportunities for new investments. The Cypriot delegation consisted of state officials and representatives from the private sector and the academic and research community, officials from the Cyprus Telecommunications Authority, members of the Cyprus Chamber of Commerce and Industry, the Research Promotion Foundation (RPF) and interested companies, under the coordination of Invest Cyprus, which was represented by Kyriacos Kokkinos, member of the Board of Directors. The joint working group was held at the Russian Ministry for Economic Development and was attended by representatives of more than 47 agencies from throughout Russia that operate in the sectors that were discussed.

The Cypriot delegation then visited the Skolkovo Innovation Centre. In the context of the visit, specialised meetings were held with Skolkovo executives focusing on opportunities for cooperation in the fields of research and innovation, energy, start-ups, IT, telecommunications, biomed etc.

Commenting on behalf of Invest Cyprus on the signing of the Memorandum of Understanding, Kokkinos stressed the importance of the visit for the promotion of priority sectors that can contribute to economic growth in Cyprus. “Our Organisation is continuously taking initiatives for the further development of key sectors so as to enhance investment prospects and make Cyprus more attractive to foreign investors. We aim to lay the foundations for long-term and sustainable economic growth, the benefits of which will be maximised with time.”

The General Director of the Research Promotion Foundation Dr Vasilis Tsakalos said: “Further to our contribution towards organising the Cypriot delegation and starting with the memorandum of understanding that was signed between Cyprus and Russia, the Research Promotion Foundation has also started meeting with the relevant institutional bodies in Russia to form a common bilateral programme to fund research projects, which will provide further incentives for the development of collaborations.”

It is worth noting that the Skolkovo Innovation Centre was founded in 2010 and is located in the western outskirts of Moscow. Its facilities host scientific groups which carry out research on new technologies for energy, bio-medicine, space, nuclear and IT.

MORE ON BUSINESS

Applications Are Open For The Cyprus Architecture, Property & Interior Design Awards

The call for applications for the "Cyprus Architecture, Property & Interior ...

Mining Industry Creates New Prospects for Cyprus

Peter van der Borgh, Managing Director of Venus Minerals Ltd, a Cyprus-based mining and ...

CEO Pessimism Over Global Growth Reaches Record High

With the new decade afoot, CEOs are showing record levels of pessimism in the global ...

FROM AROUND GOLDNEWS

   

Petroleum Products Sales for December 2019

The total sales of petroleum products in December 2019 recorded a reduction of 5,3% compared to the previous month, according to data released by CyStat. A ...
   

London Loses Reigns As Global Finance Hub

London has surrendered its position as the world’s top financial centre to New York due in part to uncertainty over Brexit, according to a survey of ...
   

Decentralized Nicosia Chapter Upcoming Event

In light of the avid interest in Decentralized Finance and tokenization of assets, the Decentralized Nicosia Chapter is opening its doors for another ...
   

The Cyprus Government Has Ratified The Multilateral Instrument

On 22 January 2020, the Instrument of Ratification of the Multilateral Convention to Implement Tax Treaty Related Matters to Prevent Base Erosion and Profit ...
   

PEK LTD: Delivering High-Quality Professional Services

PEK was established on 1 January, 1997, first as a partnership and later as a limited liability company, approved by The Institute of Certified Public ...
   

Kyriakos Koushos: Licensing Of Blocks Affecting Interests Of Third Parties Is Unacceptable

Cyprus Government Spokesman Kyriakos Koushos has told the Cyprus News Agency (CNA) that any licensing of a block for oil and gas exploration affecting the ...
   

Data Management: A Measurable Value For Every Company

George Z. Georgiou & Associates LLC presents the 3rd Data Management Forum which will take place on Thursday, 5 March 2020 at Hilton Nicosia (formerly ...
   

Costas Kadis Attends EU Council Debating European Green Deal And Cap

Cyprus’ Minister of Agriculture Costas Kadis is going to Brussels to attend the Agriculture and Fisheries Council that convenes there on ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Data_Forum_24/01-04/03_300x250px
Gold_Issue_300x250px

IMH LTD