Local
articles | 07 October 2016

EU Cohesion Policy in Cyprus

An independent expert evaluation of 2007-2013 funding found that Cohesion Policy investments had positive, tangible results ranging from job creation, a positive impact on regional disparities and an increase in GDP across Europe.

Every region and country in the EU benefits from Cohesion Policy, via the direct effects of the investments and/or the indirect effects like increased trade.

It is estimated that €1 of Cohesion Policy investment during 2007-2013 will generate €2.74 of additional GDP by 2023.

Between 2007 and 2013, European Regional Development Fund and Cohesion Fund support amounted to €493 million in Cyprus, with Investments mainly made in the areas of Environment, Enterprise support, Urban development, Culture and tourism.

Among the key achievements of Cohesion Policy investments in Cyprus was an almost 10% increase in the proportion of recycled solid waste.

In addition, close to 1600 full time jobs were created, of which 570 in research, and 308 projects to help firms finance investments were set up.

In terms of research and innovation, nearly 220 cooperation projects were established between enterprises and research centres.

Source: InCyprus

Cooperation Partners
  • Logo for Cyprus Shipping Chamber
  • Logo for Association of Cyprus Banks
  • Logo for CFA Cyprus
  • Logo for Cyprus Investment Funds Association
  • Logo for Cyprus In Your Heart
  • Logo for Cyprus International Businesses Association
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Invest Cyprus
  • Logo for Ministry of Energy, Commerce, Industry and Tourism