Albania signs economic agreement with Cyprus.

By bne IntelliNews August 6, 2010
Deputy PM and foreign minister Ilir Meta and his Cypriot counterpart Markos Kyprianou signed an agreement for mutual encouragement and protection of investments at a meeting in Nicosia. The two states will also ink an agreement on the avoidance of double taxation. Along with the economic issues, the state officials agreed that the two sides needed to strengthen political ties as well. They approved a further institutionalization in diplomatic cooperation and the holding of political consultations between the two foreign ministries. The Cypriot cabinet also fully supports Albanias EU integration prospects, Kyprianou said. The Mediterranean country offered technical assistance in the process of negotiations with the EU.

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