EC Proposal Helps Cyprus and Greece Fully Seize Investment Opportunities

22:22 - 28 Ιουνίου 2016

The Commission proposes to maintain the EU co-financing rate of 85% for Cyprus and to extend the "top-up" mechanism, which can benefit Greece.
The financial and economic crisis had a profound impact on national and regional budgets in many Member States, limiting funding for all types of investment. As a result, the importance of the European Structural and Investment (ESI) Funds in public investment in the EU has significantly increased, in order to support growth and job creation, especially in those Member States most affected by budgetary difficulties.
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