Cyprus to receive EUR 80 mln from EU

The Cyprus government is expected to receive  EUR 800 mln from the EU for the period 2007 – 2013. An amount of EUR 400 mln will be used for corporate development, employment, education of human resources and research and development. An amount of EUR 212 mln will be used for infrastructure projects, whilst an amount of EUR 162 mln will be used for agricultural development and EUR 20 mln for the fishery sector.

These funds will help the government to improve competitiveness, productivity in all economic sectors as well as the improvement of the standard of living of all population classes.