The European Commission Launches a New Project to Support Cypriot-Turkish Business

The European Commission has launched a two-year project to integrate Cypriot-Turkish companies into the economy of the island and the EU single market. Its cost amounts to 4 million euros.

In a statement from the European Commission Representation in Cyprus, it is stated that the project was initiated in collaboration with the German Agency for International Cooperation, GIZ International Services, with the aim of supporting the development of the private sector in the Turkish Cypriot community and trade across the "green line."

The project, with a budget of 4 million euros, under the EU Aid Programme for Turkish Cypriots, will last for two years and will contribute to efforts for the reunification of the island.

The statement notes that the project will focus on integrating Cypriot-Turkish companies into the economy of the island and the EU single market. Thanks to the provided support, "the gap between production standards in the Turkish Cypriot community and standards in the European community" will be reduced, and business competitiveness will be increased through the enhancement of digitalization and the sustainability of production processes.

The project will also contribute to ensuring that goods and/or services of Cypriot-Turkish companies, traded across the "green line," comply with EU standards.

• Within the framework of the new project, small businesses will have access to training, consulting, and business development programs, as well as grants. Information on grant competitions and training opportunities will be announced on the website of the EU Information Centre, - the statement said.