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