History of the CARRIAGE TRADING LIMITED goes back more
than a quarter of the century, as it was established in
1994. CARRIAGE TRADING LIMITED has been Incorporated under
the Companies Law, Cap. 113, as Limited liability Company on
19th, April 1994. At first for export of goods from
countries that were previously a socialist state, especially
from the Former Soviet Union countries and the Middle East.
In 1991 after the transformation of the Soviet Union and the
establishment of the Russian Federation and subsequently the
events of October 1993, an economically unstable environment
for Russian customers was created. The combination of a
stable Cypriot legal environment based on Anglo-Saxon law
and the existence of a strong Russian diaspora in Cyprus has
led to the decision to establish a trading company in Cyprus
to facilitate business transactions.
Mr Andreas Chr. Theofilou was appointed as the first
director and under his leadership, the Company has
successfully developed its business. Of course, there have
been many changes over the years. For example, the impact of
economic sanctions on the east meant laying off the Russian
market, which in turn led to a change in orientation earlier
from raw materials to machinery and technological units.
Furthermore, the portfolio of activities was expanded to
include investment activities.
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