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President of the Republic of Cyprus Tassos Papadopoulos on Tuesday called for Chinese companies to invest in Cyprus.

 

During his stay in Shanghai, China's financial centre, Papadopoulos addressed a seminar attended by nearly 300 businessmen from China and Cyprus.

 

Hailing Cyprus's favorable geographical position and its lowest corporation tax in the European Union, Papadopoulos encouraged Chinese companies to invest in Cyprus.

 

With more than 100 government officials and entrepreneurs among his entourage, Papadopoulos's visit is expected to help boost bilateral cooperation in economy and tourism.

 

Shanghai is the first-leg of Papadopoulos's five-day state visit to China.

 

(Xinhua News Agency December 6, 2006)