Insider Economy European Commission: More than €57 million for Cyprus

European Commission: More than €57 million for Cyprus

The European Commission announced today that it has approved “the modification of the two operational programmes (OP) for Cyprus, which will release more than €57 million to help address the effects of the coronavirus pandemic on the country`s economy and health system”.

“The OP ‘Employment, Human Resources and Social Cohesion`, co-funded by the European Social Fund, is reinforced with €36 million to finance short time work schemes for more than 68,800 workers in Cyprus”, announced the European Commission. Out of it  €21 million of European Regional Development Fund resources are reallocated “to support the health sector with appropriate equipment (masks, overalls, consumables) and staff”.

Commissioner for Cohesion and Reforms, Elisa Ferreira, commented that “the European Commission stands ready to work with all Member States to ensure the quick adoption of exceptional measures necessary to tackle the outbreak of the virus. Hence, I welcome Cyprus` request in line with this approach and I encourage other European countries and regions to continue taking advantage of Cohesion policy flexibility to tackle to the sanitary, social and financial crises.”

Commissioner for Jobs and Social Rights, Nicolas Schmit, added that “the European Commission has rapidly responded to the coronavirus outbreak, mobilising all the resources it has at its disposal. Under the Coronavirus Response Investment Initiative, we are providing maximum flexibility in the Member States` use of structural funds. I welcome that Cyprus is using this scheme to support nearly 70,000 workers and the most exposed sectors of the economy, saving jobs and livelihoods.”

The European Commission notes that “the modifications are possible thanks to the exceptional flexibility under the Coronavirus Response Investment Initiative (CRII) and Coronavirus Response Investment Initiative Plus (CRII+) which allow Member States to use Cohesion policy funding to support the most affected sectors because of the pandemic, such as healthcare, SMEs and labour markets.” In addition, the co-financing rate is temporarily increased to 100% to help beneficiaries overcome liquidity scarcity in the implementation of their projects.

(CNA)

Top Stories

234 new PCR cases announced on Monday

The Health Ministry also announced 234 new Coronavirus cases out of 5,167 PCR tests on Monday 23 November and another 70 out of 5,665...

Mobile emergency medical unit in Thessaloniki

The General Staff of the Army is proceeding with the creation of a mobile emergency medical unit in the courtyard of the 424 General...

State Health Organization: 170 nurses hired

The State Health Services Organization (OKYpY) noted that so far 170 nurses have been asked to sign contracts. This was said in reply to...

Negative record of confirmed COVID-19 cases from rapid tests in Fanagusta

Famagusta seems to have a negative record of confirmed COVID-19 cases found by antigen rabid tests, compared to other towns. From 16 November, when the...

yprus trade deficit declines in January – August 2020, affected by Covid-19

Cyprus’ trade deficit for the period of January – August 2020 declined by an annual 11.5%, with trade affected by the coronavirus pandemic. According to...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...