Cohesion Fund allocations for the programming period 2021 - 2027, amounting to €1 billion,[/B] will give a new impetus to sustainable development in Cyprus and its decoupling from fossil fuels, said European Commissioner for Cohesion and Reforms, Elisa Ferreira, who praised Cyprus' performance in the use of EU funds.
Ferreira is in Nicosia for the official announcement of the approval of the Cohesion Policy Partnership Agreement, as well as the adoption of the country's Operational Programme and Fair Transition Plan. Cyprus is the first country to achieve the approval of its programming (Thaleia Programme) for the Cohesion Fund, the Fair Transition Fund and the European Social Fund. European funds of €1 billion are also accompanied by national resources of €800 million, bringing the total programme to €1.8 billion by 2027.
Cyprus has performed very well in terms of the utilisation of these funds and we believe that the new period will again give Cyprus a good impetus to further decouple from fossil fuels, to have growth based more on the use of digital technology and innovation and in fact to make better use of these funds for an ongoing, sustainable development for the Republic of Cyprus." In a statement to journalists after her meeting with President Nicos Anastasiades, in the presence of Finance Minister Constantinos Petrides.
Asked about the amount of funds that will be allocated to Cyprus in this period, Ferreira said that from the Cohesion Fund the funds amount to about €1 billion, which are allocated to areas such as infrastructure, biodiversity, support for small businesses, digitalisation, renewable energies "from which you can make huge progress in decoupling from fossil fuels and this will be beneficial for everyone".
Saying that Cyprus was one of the most efficient users of Cohesion Fund money, Ferreira noted that during the pandemic Cyprus made use of the flexibility of Community programmes, channelling support to businesses, the health system and workers. "And we are happy that we have opened a new period of support for sustainable development in Cyprus," she concluded.
Source: CNA
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