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Cyprus to Allocate €1.2 Billion for Co-Financed Projects Over the Next Three Years

by THEFUTURE.TEAM

September 25, 2024

The government of Cyprus has announced plans to allocate €1.2 billion for co-financed projects over the next three years. These projects, supported in collaboration with the European Union, are aimed at promoting economic growth, modernising infrastructure, and fostering sustainability across key sectors of the Cypriot economy.

This funding aligns with Cyprus’ strategic goals, particularly in driving green development, digital transformation, and social welfare improvements. The projects will draw from EU financial instruments such as the Recovery and Resilience Facility (RRF) and the Cohesion Fund to help member states meet their economic and environmental targets.

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Distribution of Funds Across Ministries

Ministry of Transport, Communications, and Works: A significant portion of the funds will be directed toward improving Cyprus’ infrastructure. Investments will focus on upgrading the road network, enhancing public transportation, and modernising ports and airports to boost trade and connectivity. Additionally, there will be a strong emphasis on sustainable transport solutions, including infrastructure for electric vehicles and the adoption of smart transportation technologies to reduce carbon emissions and enhance efficiency.
Ministry of Energy, Commerce, and Industry: As Cyprus continues its shift towards renewable energy, this ministry will benefit from substantial funds to expand renewable energy capacity, particularly solar and wind projects. The investments will also support energy efficiency initiatives across industries and the public sector, accelerating Cyprus’ decarbonisation efforts. By reducing reliance on fossil fuels, Cyprus is working to meet its EU climate commitments and strengthen its energy security.
Ministry of Education, Culture, Sport, and Youth: Co-financed projects will focus on modernising educational infrastructure and expanding digital learning platforms. The aim is to prepare students for the digital economy through improved access to technology and innovative learning tools. Investments will also support research and innovation, fostering a culture of creativity and preparing youth for future economic challenges. In the cultural and sports sectors, funds will be allocated to enhancing facilities and promoting social inclusion through cultural and athletic initiatives.
Ministry of Agriculture, Rural Development, and Environment: A portion of the budget will be dedicated to sustainable agricultural practices, water management, and environmental protection. Projects in this ministry will aim to enhance biodiversity, reduce environmental degradation, and support the country’s transition to greener, more sustainable farming methods.
Ministry of Labour, Welfare, and Social Insurance: This ministry will focus on social welfare improvements, including expanding healthcare services, and social housing, and providing more robust support for vulnerable populations. These projects aim to ensure that economic growth benefits are distributed equitably across society.

Cyprus’ €1.2 billion allocation for co-financed projects highlights the government’s commitment to sustainability, economic growth, and social development.

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Cyprus: A Global Leader in Longevity and Healthcare Efficiency

by News Editor

May 9, 2025

In an eye-opening study conducted by renowned universities Brown and Harvard, Cyprus emerges as a global leader in longevity while maintaining low healthcare expenditures. The study, led by Cypriot professor Irini Papanikola, uncovers insightful data on Cyprus’s healthcare efficiency.

Key Findings

Published in the prestigious Journal of the American Medical Association Internal Medicine, the study highlights that Cyprus boasts some of the lowest mortality rates among high-income countries while ensuring affordable healthcare. This research has drawn significant attention, featured in media outlets across America and Europe.

Understanding Avoidable Mortality

The study examines avoidable mortality (deaths preventable through timely healthcare) across U.S. states and 40 high-income countries from 2009 to 2021. Remarkably, Cyprus presents some of the lowest avoidable mortality rates, showcasing the efficiency of its healthcare system even amid global challenges such as the COVID-19 pandemic.

Trends and Challenges

From 2009 to 2019, most high-income countries saw a decrease in avoidable mortality; however, this trend reversed for many, including Cyprus, during the pandemic years. The findings emphasize the critical role of robust public health systems in sustaining positive health outcomes.

The Path Forward

Despite the pandemic, Cyprus’s overall performance remains commendable. To achieve success, experts suggest addressing broader health determinants, focusing on preventive measures like road safety and mental health support through collaborative efforts.

Conclusion

Overall, Cyprus stands out as a beacon of healthcare efficiency, managing to reduce avoidable mortality with relatively low costs. This achievement underscores the country’s adeptness in providing high-quality healthcare, although continued research into population needs is vital for ongoing improvements.