“One of the programs that we are planning for the near future is the creation of a Russian hotel chain. There is a preliminary agreement with the Cyprus government: they will be providing us with assets (for example, incomplete construction or real estate) and we will be attracting Russian investment,” he said.
Spiridonov explained that it will be the owned by the Russian companies.
The second important project, according to him, is the construction of the Russian University in Cyprus, which would accept students from different countries and provide high-quality education in disciplines that there is a demand for.
Spiridonov underlined, that there are already preliminary agreements with the administration in Paphos, a city in the southwest of Cyprus.
“The Russian University, with around 5000 students, will be based on the Paphos University, where they have given us about 250 acres for our university. It is going to be a campus that will meet international standards,” he said.
The Agency’s president added that the university will admit students from all over the world, but “majority of students will be Cypriots, Russians and Greeks”.
In late February, Russian President Vladimir Putin and Cyprus' President Nicos Anastasiades signed 11 agreements on cooperation between the two counties, including military, naval, anti-terrorism, science, education, culture and investment agreements.
