Medvedev arrives in Cyprus

7th October 2010, Comments 0 comments

President Dmitry Medvedev arrived in Cyprus early Thursday for a two-day visit, the first by a Russian head of state to the Mediterranean resort island.

Medvedev's plane landed shortly after 1:00 am (2200 GMT), a Russian official said.

The visit comes amid a a surge of Russian investment and tourism to Cyprus and intensified UN efforts to broker reunification of an island divided between the internationally recognised Greek Cypriot government and the breakaway Turkish Cypriot administration in the north.

The two governments are to sign some 15 agreements during the visit, covering tourism, health, investment, energy, trade and tax, official spokesmen said.

Russia's RTS bourse is also to sign a cooperation agreement with the Cyprus Stock Exchange, said Medvedev's top foreign policy aide Sergei Prikhodko.

Official figures show that investment in Russia through Cyprus over the past five years has totalled 52.18 billion dollars (37.54 billion euros), while Russian investment in Cyprus reached 15.96 billion dollars (12.37 billion euros).

© 2010 AFP

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