“The EU Bank has been a reliable partner for Cyprus over the last years, providing long-term financial support for viable operations, as well as projects in the knowledge economy and innovation. We remain active and committed to supporting economic growth and the creation of new jobs, including in the SME sector which is the backbone of Cyprus’s economy,” President Hoyer added.
The €100 million Framework Loan was signed in support of EU Co-Financing Funds for strategic infrastructure projects to be implemented during the 2014–2020 period. The EIB funding provides affordable long-term borrowing, which can be used as the Cyprus government’s contribution to the implementation of investments in a variety of sectors and will help absorb grants from EU Structural Funds.
