The EBRD and Cyprus have signed a €2.2 million agreement
to strengthen small and medium-sized business (SME) support in
Cyprus.
EBRD President Sir Suma Chakrabarti and the Minister of Energy,
Commerce, Industry and Toursim of the Republic of Cyprus, Mr
Yiorgos Lakkotrypis have signed a €2.2 million agreement to
strengthen small and medium-sized business (SME) support to
increase their competitiveness and growth potential.
The agreement was signed on the last day of the 2017 EBRD Annual
Meeting and Business Forum, which took place in Nicosia,
Cyprus.
This is the first its kind of agreement which the EBRD has
signed with one of its countries of operations within the EU.
The €2.2 million funding comes from the EU Structural and
Investment Funds with the aim to extend and expand the
EBRD Advice for Small Businesses programme in Cyprus for
further three years.
