Blog
Minister outlines how €968m in EU funds will be spent
January 14, 2021
Finance Minister Constantinos Petrides on Wednesday unveiled the government’s plans to absorb €968 million in EU structural funds in the period of 2021-2027 with emphasis on the green economy, tackling social disparities and job creation.
This is 30 per cent up on the previous seven-year period and, together with co-financing from national funds, means projects totaling €1.8 billion.
Petrides said that having managed to absorb all 100 per cent of EU funds available to it the previous period, Cyprus aimed to do so again in 2021-2027.