An Association under the auspices of the Cyprus Chamber of Commerce and Industry is established with the name “Cyprus-Russian Business Association” hereinafter to as the “Association”.
a. The association will operate in close co-operation with the Cyprus Chamber of Commerce and Industry.
b. The Offices of the Association are in Nicosia at the offices of the Cyprus Chamber of Commerce and Industry.
The aims of the Association are:
a. To promote, expand and encourage economic and trade relations between Cyprus and Russia.
b. To propose to the governments of the two countries, ways and means through which trade and economic relations can be further improved.
c. To organise meetings with officials of the two countries with a view to safeguarding the smooth operation and flow of trade between the two countries.
d. To create and maintain on a regular basis communication between the business communities and politicians of the two countries.
e. To develop various ways for enhancing cooperation between Russian and Cypriot businessmen.
f. To investigate and present to the Russian market the dynamic aspects of the Cyprus economy, with emphasis on the opportunities for International and Russian companies to trade not only with Cyprus but also via Cyprus to the Middle East, North Africa, Eastern Europe, the Balkan Countries and the European Union Countries.
g. To organise events for the implementation of the above.
a. Members to the Association can be Individuals and/or private law companies of Cypriot or other origin that have notable and distinguished contribution to the Business Community. Applications for membership need to be approved by the Board of Directors.
a. Each and everyone of the members of the Association can terminate the membership whenever they so decide through submission of the letter of resignation or termination.
b. The Board of the Association can expel any member whose conduct is not in accordance with the aims of the Association.
a. The Board of Directors determines every year the amount of the subscription of members to the Association.
b. The Board can levy a special subscription fee for particular purposes such as trade studies, trade missions, etc.
a. The Association is governed by the Board of Directors (comprising 18 members) elected by the General Assembly for a period of two years. In addition to the elected 18 Board members, H.E. the Ambassador of Russia is a Board member in an ex officio capacity. Ex officio member of the Board of Director is also the President of the Cyprus Russian Friendship Association. The Economic & Commercial officer of the Russian Embassy in Cyprus has the right to attend any or all the meetings of the Board of Directors.
b. The members of the Board of Directors elect their own President, Vice-President, and Treasurer.
c. Persons who resign from the Board of Directors are being replaced by others at the Board’s decision. If the number of the resigned Directors of the Board exceeds seven (7) then a General Assembly is called for the purpose of electing a new Board.
d. Member absent, without excuse from three (3) board meetings loses his/her seat in the Board.