Blog
Cyprus remake to begin with business creation
November 2, 2020
The Cyprus remake, a series of EU funded programmes that will affect every aspect of life in the country, will begin in the new year. The first of these will involve the creation of new businesses, sources at the Ministry of energy, commerce, industry and tourism told the Cyprus Mail.
Meanwhile, proposals from the various ministries themselves for grants under the same fund are under review, with the entire plan for Cyprus scheduled to be completed by December.
None of this activity has been held up in any way by the delay in the European Parliament to pass both the EU budget and the European Recovery Fund itself. The parliament will be in session on November 11, where this is due to be discussed again. But sources at both the energy and finance ministries said it is expected to pass and work on implementing it is ongoing according to schedule.