European Commission officials visited Cyprus to assess the implementation of the "THALIA 2021–2027" Cohesion Policy Programme. The €1.8 billion initiative serves as Cyprus' largest public development project, funding green transition, digital innovation, and social cohesion.

European Commission Officials Arrive for THALIA Performance Review

European Commission officials paid Cyprus a visit 2 and 3 of July in the context of the Annual Performance Review Meeting of the Cohesion Policy Programme "THALIA2021–2027", focusing on the progress of the Programme's implementation and the impact of Cohesion Policy investments in Cyprus.

Joint Deliberations Convened by Ministry of Finance

According to a press release by the Directorate General Growth of the Ministry of Finance, representatives of the DGs for Regional and Urban Policy (DG REGIO) and Employment, Social Affairs and Inclusion (DG EMPL) of the European Commission participated in the deliberations of the Annual Performance Review Meeting, organised by the DG Growth as the Managing Authority of the Programme, with the participation of representatives of competent Ministries and other involved bodies.

Evaluation of Implementation Milestones and Mid-Term Priorities

During the meeting, they were presented with the progress of the implementation of the “THALIA2021-2027” Programme and they reviewed the progress towards fulfilling the necessary conditions for its implementation and discussed the priorities of its mid-term review.

On-Site Visits to Green Transition and Urban Innovation Sites

The representatives of the European Commission also carried out on-site visits to projects co-financed by the “THALIA2021-2027” Programme, covering areas related to the green transition, research and innovation, environmental protection, sustainable urban development and social cohesion.

Financing Overview of Cyprus' Largest Public Investment Project

The Cohesion Policy Programme "THALIA2021-2027" is the largest public investment development programme implemented in Cyprus, with a total budget of €1.8 billion, of which €969 million comes from the European Union and €842 million from national resources.

Future Impacts on Economic Competitiveness and Quality of Life

The Programme finances investments that promote the green and digital transition, strengthen the competitiveness of the economy, create quality jobs and improve the quality of life of citizens throughout Cyprus.

Source: CNA(ΚΥΠΕ)