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Cyprus Property News

New cancer hospital for Paphos in cooperation with Russia.

Date: 08/11/17

President of the Republic of Cyprus Nicos Anastasiades announced a plan to build a new state of the art hospital in Paphos with the help of the Russian Government and other partners.

Giving details during a state visit to Moscow – the third of his presidency – Anastasiades said the Cyprus Investment Promotion Agency (CIPA) would help cut through red tape and bureaucracy to speed up the licensing and building of the facility.  The new hospital is to introduce a combination innovative methods and latest technology in cancer treatment. Anastasiades’ three-day visit included meetings with both Russian President Vladimir Putin and Prime Minister Dimitry Medvedev where many bilateral issues where covered, including Russian investments in Cyprus economy.

This very positive news comes with increased popularity of Cyprus among Russians as a preferred holiday destination. Cyprus this year welcomed 840,000 Russian tourists making them the second biggest nationality behind only the UK. Moreover, 35,000 Russian people live and working in Cyprus on a permanent basis. President Anastasiades noted that Cyprus maintained good relations with Russia that are a solid foundation for “more important and better results” in cooperation between friendly nations.
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