The European Commission approved Wednesday a major investment package for fishing, aquaculture and maritime policy of Cyprus. The package, worth about 52.6 million euros, includes an amount of over 39 million euros from European funds.
More specifically, the funds from the program will finance projects that will improve the livelihood of fishing communities, by improving infrastructure or the provision of new professional development opportunities, limiting the effects of fishing on the marine environment and by promoting an economically and environmentally sustainable aquaculture and processing.
The Cypriot Operational Fisheries Programme focuses on the following:
• Promote environmentally sustainable, efficient in the use of resources, innovative, competitive and knowledge based fisheries: 12.9 million euro
• Promote environmentally sustainable, efficient in the use of resources, innovative, competitive and knowledge based aquaculture 9.4 million euro
• Promoting the implementation of the Common Fisheries Policy 8.6 million euro
• Increasing employment and territorial cohesion: 5.2 million euro
• Promotion of marketing and processing: 1.2 million euro
• Promotion of the Integrated Maritime Policy: 1.4 million euro
• Technical assistance: EUR 750 000
