€ 1.35 bln from EU funds for 2014-2020

Financial Mirror (Cyprus) - - FRONT PAGE -

A to­tal of 1.35 bln eu­ros have been ear­marked for Cyprus from EU funds for the 2014-2020 pe­riod, Head of the EU Rep­re­sen­ta­tion in Cyprus, Ge­or­gios Markopouli­o­tis told a sem­i­nar on the EU com­pet­i­tive “Cre­ative Europe” pro­gramme.

The evnt, held at the EU House in Nicosia, aimed to in­form ci­ti­zens and or­gan­i­sa­tions to ef­fec­tively use funds avail­able by the EU com­pet­i­tive pro­grammes for the pe­riod 2014-2020.

Markopouli­o­tis noted that out of the 1.35 bln, ap­prox­i­mately 950 mln will be al­lo­cated to the real econ­omy.

“This money will be given in the form of sub­si­dies, and not loans, and will finance ac­tions aim­ing to boost em­ploy­ment,” he ex­plained.

Re­fer­ring to the In­vest­ment Plan for Europe, aim­ing to the al­lo­ca­tion of more than 300 bln eu­ros, from pub­lic and pri­vate funds, dur­ing the next years, for in­vest­ments in the EU, Markopouli­o­tis said that dur­ing its first year of oper­a­tion, the Plan al­lo­cated ap­prox­i­mately 100 bln eu­ros for in­vest­ments.

Fur­ther­more, he said that it is en­cour­ag­ing that Cyprus recorded sig­nif­i­cant fund ab­sorp­tion from the com­pet­i­tive pro­grammes. He said that as Finance Min­is­ter Haris Ge­or­giades has noted, dur­ing the pe­riod 2007-2013 it is es­ti­mated that Cypriot or­gan­i­sa­tions and

growth

and in­sti­tu­tions, both from the pri­vate and the pub­lic sec­tor, ab­sorbed ap­prox­i­mately 200 mln eu­ros from the com­pet­i­tive pro­grammes.

Fur­ther­more, he said that the Min­is­ter has stressed that for the pe­riod 2014-2020 the govern­ment aims at a sig­nif­i­cant in­crease of this amount, to over 300 mln eu­ros.

Re­fer­ring to the “Cre­ative Europe” pro­gramme, Markopouli­o­tis said that its bud­get for the next seven years amounts to 1.46 bln euro and will pro­mote the fields of cul­ture, me­dia and cre­ation, which are im­por­tant for em­ploy­ment and growth.

Cre­ative Europe is the Euro­pean Com­mis­sion frame­work pro­gramme to sup­port cul­ture and au­dio­vi­sual sec­tors. It is divided into two sub-pro­grammes, Cul­ture and ME­DIA, and is sup­ported by a cross­sec­toral strand.

Par­tic­i­pants to the sem­i­nar heard pre­sen­ta­tions by Ge­or­gia Christofi­dou, Euro­pean Pro­grammes Di­rec­tor at the Di­rec­torate Gen­eral for Euro­pean Pro­grammes, Co­or­di­na­tion and De­vel­op­ment, the Head of Cre­ative Europe Desk Cyprus and Ex­ec­u­tive Di­rec­tor of Cyprus Sym­phony Or­ches­tra Foun­da­tion Ne­nad Bog­danovic, and Ge­or­gios Lo­go­thetis of the Ed­u­ca­tion, Au­dio­vi­sual and Cul­ture Ex­ec­u­tive Agency.

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