Bi-communal business partnerships grants programme announced in Cyprus

The Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (KTTO) will sign tomorrow a bi-communal business partnerships grants scheme aimed at supporting bi-communal consortia that wish to form bi-communal business partnerships.

According to an announcement issued here by CCCI, in the framework of the “ECONOMIC INTERDEPENDENCE” project, supported by UNDP-ACT and sponsored by USAID, subsidies amounting to 174,493 euros will be awarded to five successful consortia consisting of Greek Cypriot and Turkish Cypriot partners.

The winning proposals will work across a range of business sectors ranging from the establishment of bi-communal radio stations and research centres to jointly producing traditional Cypriot lace and providing hearing conservation services.

The bi-communal business partnerships grant programme is an activity of the Economic Interdependence project which aims to promote economic interdependence between the Greek Cypriot and the Turkish Cypriot communities and contribute to the business and economic relations between the two communities.