Cyprus remains the largest recipient of EIB support per capita of any country in Europe, with a total EIB report of € 2.7 billion, or 13% of the country’s GDP, said Nicosia, the president of the European Union. Investment Bank (EIB) Werner Hoyer, who visited Cyprus to discuss recent and future investments in the country and to see how the EIB helps Cypriot companies overcome the business challenges associated with the COVID-19 pandemic , and the way in which it contributes to the improvement of road safety in the country. This includes the largest European Investment Fund (EIF) contribution ever made in Cyprus to boost funding for financial sustainability. against COVID. EIB support in Cyprus in 2021 also represented the fourth largest support for transformation projects in the 40 years of EIB Group participation in the country.
“In the coming months, the EIB is expected to confirm new private financing initiatives jointly with Cypriot banking partners under the Cyprus Entrepreneurship Risk Sharing Initiative. The EIB is also finalizing details of investment support “The EIB has provided more than 5 billion euros for private and public investment in Cyprus since it began operating in the country in 1981,” Hoyer said.
The President of the EIB gave statements at the Presidential Palace together with the Minister of Finance of Cyprus K. Petridis, wearing a pin on the lapel in the colors of Ukraine.
Source: AMPE
Source: Capital
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