Nicosia feels relieved now that Cyprus and Russia have agreed to amend their Double Tax Avoidance Treaty and to prevent a costly rift between the two sides, insiders told Philenews on Tuesday.
The most important aspect of the deal is that Cyprus no longer stands at a comparatively disadvantageous position, one also said.
Similar deals are expected to be reached between Russia and competitive countries such as Malta, Luxembourg and Holland.
Finance Minister Constantinos Petrides, himsel….. Read More On: InCyprus
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