Tuesday, May 22, 2007

Cyprus allocates EUR 30 mln to boost bicommunal cooperation

"Cyprus allocates EUR 30 mln to boost bicommunal cooperation

22/05/2007

The Cyprus government announced measures for a total amount of 30 mln euros to further improve economic development and cooperation between Greek Cypriots and Turkish Cypriots, something that could boost the local economy and help the reunification of the country.
The first project, approved by the Cabinet, concerns ways to help set up small ventures between Greek Cypriots and Turkish Cypriots, in specific selected regions, for the period 2007-2013, with grants totaling 7 mln euros. A ceiling of 200,000 euro has been set for each selected small business."

More:Financial Mirror