EU investment package for Cyprus

09 Jul 2015
The European Commission is committing around €39m for Cyprus aquaculture

The European Commission is committing around €39m for Cyprus aquaculture

The European Commission is committing around €39m in investment for the Cypriot maritime, fisheries and aquaculture sectors.

A total of roughly €53m is available to Cyprus for the period 2014-2020. The adopted operational programme (OP) is in line with the priorities of the European Maritime and Fisheries Fun (EMFF) and the EU’s Common Fisheries Policy (CFP). The European Commission says it will promote environmentally sustainable, resource efficient, innovative and competitive and knowledge-based fisheries and aquaculture.

“With its emphasis on economic, environmental and social sustainability, this investment package ensures that money is used for projects that deliver long-term results,” said Karmenu Vella, Commissioner for Environment, Maritime Affairs and Fisheries.

“Cypriot fishermen and fish farmers as well as fishing communities will benefit from greater security and more opportunities for jobs and growth,” he added.

Funds will especially be used to push projects that improve the livelihood of fishing communities – through better infrastructure or new professional development opportunities. They will also be used to limit the impact of fishing on the marine environment, ensure the balance between fishing capacity and available fishing opportunities, and promote economically and environmentally sustainable aquaculture and processing sectors.

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