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.

As reported in Gold News.