Cyprus is set to receive 4 million euros in structural funding from the European Union as part of the Interreg III Community Initiative programme. The funds are intended to be earmarked for projects that promote regional cooperation and development.
The announcement was made by EU Commission representative Ebsen Pousen at a seminar organised jointly by the Cypriot government Planning Bureau and the EU. The idea behind the interreg III initiative is to encourage economic and social cohesion, sustainable development of territorial integration between acceding member states and particularly those on the periphery of the union. Pousen emphasised that the funds were designed "to get different regions and states to work together within a community," rather than soley for the economic benefit of Cyprus.
However, if a statement by Planning Bureau representative Adonis Constantinides is anything to go by, it appears unlikely that the money will be used to promote any schemes aimed at bringing the Greek and Turk communities on the island closer together. The Greek Cyriot official told the Financial mirror last week that "in accordance with the acquis communautaire (EU laws), no part of the structural funds can apply to the areas under the control of the Turkish forces".
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