On the 19th July 2011, Luxembourg’s Finance Minister Luc Frieden conducted an official visit to Cyprus.
According to the Luxembourg government Mr Frieden exchanged views with his Cypriot counterpart Charilaos Stavrakis, on recent developments in their respective financial sectors and on European and national legislation in this area. Within this context, Cyprus and Luxembourg agreed to initiate negotiations seeking to conclude a bilateral double taxation agreement (DTA) between the two countries, in a bid to strengthen cooperation between the two financial centres.
Mr Frieden also met the governor of the central Bank of Cyprus, Athanasios Orphanides, as well as the president of the Cyprus Securities and Exchanges Commission, Mr Georgios Charalambous.
