articles | 30 November 2016

Cypriot projects for EFSI financing in the pipeline

Cyprus is close to receiving financing from the €315b European Fund for Strategic Investments (EFSI), the so-called Juncker Plan, as projects are in the pipeline for evaluation, the European Commission Vice President, responsible for Jobs, Growth, Investment and Competitiveness, Jyrki Katainen has said.

The Juncker plan, named after the EC President Jean Claude Jucker, was set up in 2014 but so far Cyprus remains the only EU member-state that has not secured EFSI funding.

“I know there are some projects in the pipeline for which we can provide financing as soon as possible,” Katainen said replying to a question by CNA during a press briefing in Brussels.

Source: CNA

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