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CYPRUS WILL NOT CHANGE THE POLICY CONCERNING THE RUSSIAN OFFSHORE

				
				
				
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CYPRUS WILL NOT CHANGE THE POLICY CONCERNING THE RUSSIAN OFFSHORE
THE COMPANIES.
      Moscow, on March, 25th. A/PRIME-TASS/. Cyprus will not change a policy
Concerning the Russian offshore companies, despite requirements,
Which are shown to Cyprus by the European Union. It has declared on a press -
Conferences the minister of trade, the industry and tourism of Cyprus Nikos
Rolandis.
      As he said, now there are also other member countries
The European union which could save position and the status
Russian and other offshore companies.
     As N.Rolandis has told, in tourist business Russia occupies 3
Place after the Great Britain and Germany on number of the tourists visiting
Cyprus. So, in 1998 g Cyprus has visited 2,225 million foreign tourists, from
Which more than 190 tys tourists from Russia, 210 tys tourists from
Germany and 1,025 million tourists from the Great Britain. Thus, nesmotrja
For crisis in Russia it is planned, that Cyprus in 1999 g will visit not less
Tourists, than in the past.
      Goods turnover between Russia and Cyprus in 1998 g has made 400 million
doll, that is the big size for Cyprus.
      From August till December 1998 g inflow of tourists from Russia
To Cyprus it was reduced to 30 percents, in January - February 1999 g - on 20 percents
Under the relation to corresponding period of last year, and following the results of 1999
g falling will be minimum, has noted N.Rolandis. As a whole in 1999 g
The increase in inflow of foreign tourists at Cyprus at 6-7 percents is expected
Or to 2,35 million persons.
       As N.Rolandis, the net profit from the foreign has told
Tourist business on Cyprus has reached in 1998 g 1,8 mlrd doll the USA,
That makes 20 percents from gross national product.
      Now on Cyprus is more than 500 hotels with
More than 85 tys places. Within the next 2 years Cyprus is intended to double
Quantity of hotel places, N.Rolandis has noted. Now
The government of Cyprus prepares the bill in the field of protection of the rights
Interests turistov. - 0 - it/oa
//* an information Source: the Prime-TASS (vecher.vyp), 25.03.99
//* Reg. Nom. - 1090300298.14-------------------------------------------