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28 April 2022 INSIDER • GOAL • IN-CYPRUS • PROPERTY • CYPRUS-IS • CAREER LIKE • GOING OUT • XRYSES SYNTAGES • ACTIVE • PHILGROUP NEWS & nbsp; SOCIETY & nbsp; INSIDER & nbsp; OPINIONS & nbsp; GOING OUT & nbsp; CULTURE & nbsp; SPORTS & nbsp; AUTO & nbsp; GOOD LIFE & nbsp; USEFUL & nbsp; PRINTED EDITION & nbsp;
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Next Previous” Hot “money from EU to τ/companies HOME • INSIDER • CYPRUS • “Hot” money from EU to c/o companies
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Under the European Union-funded Innovative Entrepreneurship Project, Turkish Cypriot companies will receive € 4.2 million in support. Cyprus “writes that yesterday the presentation of the” Program for the Protection and Increase of Employment “took place in the framework of the Innovative Entrepreneurship Project funded by the European Union and managed by the Northern Ireland Co-operation Overseas (NI-CO).
As part of the project, which officially began its second phase yesterday, the EU will provide 4.2m euros to the Turkish Cypriot community to help create jobs, support trade growth and economic stability.
The program will provide up to 60 thousand euros to 86 Turkish Cypriot companies for employment and purchase of new equipment, while at the same time will provide support in the field of expertise. All money is expected to be disbursed by September 2023.
Speaking during the presentation, the adviser to the “prime minister”, Huseyin Amziaoglu, said that many sectors were negatively affected by the pandemic, that the “government” took measures within its capabilities, but that donations from Turkey and EU.
In his speech, the head of the Solution Support Unit in Cyprus, Kjartan Björnsson, said that Turkish Cypriot companies were very negatively affected by the pandemic, that the EU reacted quickly and was looking for solutions to the problem as it passed. In this context, they provided support for emergency situations in excess of € 10 million in the areas most affected by the pandemic.
that the first phase of the program is to maintain the status quo and that the process that will follow will be aimed at the future and τυξη.
