Republic of Cyprus
Directorate General Growth, Ministry of Finance

At a Glance

The EU Cohesion Policy is the policy of the EU mainstreaming the principle of solidarity among Member States and has been adopted with the aim to bridge the disparities of development and prosperity amongst the EU Member States. It is one of the fundamental policies of the European Union and its key objective is to promote economic, social and territorial cohesion between Member States and the EU regions. The EU, through the Cohesion Policy, is investing billions of euros to support the efforts of regions to enhance their competitiveness and attract more people to stay and work within them. During the last twenty years, EU Cohesion Policy has contributed to a significant reduction of the gap between the rich and the poor countries and regions. Cyprus, like all Member States, benefits from EU Cohesion Policy.

The DG EPCD has the overall responsibility for the programming, management and utilization of funds allocated under the Programming Period 2007 - 2013 and those allocated under the Programming Period 2014 - 2020 (in its role as the Managing Authority of the Structural Funds and the Cohesion Fund in Cyprus).

For more information visit the website of the Managing Authority.