Cyprus Mail

High-level EIB  delegation to visit Cyprus

A high-level delegation from the European Investment Bank (EIB) is expected to visit to Cyprus on Friday, September 19, in order to sign new financing instruments in support of the Cypriot economy.

The delegation will be headed by EIB President Werner Hoyer and EIB Vice President Mihai Tanasescu. They will meet President Nicos Anastasiades, Finance Minister Harris Georgiades and other officials.
The agenda spans the whole range of cooperation between the EIB and the Republic of Cyprus, including the financing of various sectors of the economy, support schemes for SMEs and for combating unemployment, as well as Cyprus-specific issues, such as the financing of an LNG terminal at Vassilikos.

Former Greek Government Spokesman and MP Evangelos Antonaros, who will also be part of the delegation, in his capacity as EIB communication advisor for Cyprus and Greece, said this would be Hoyer’s fourth visit to Cyprus in the past 12 months.

This showed the particular interest in supporting the efforts for Cyprus` economic recovery, through financing and guarantee schemes for all of the island`s production sectors, Antonaros said.
The EIB renewed last April its cooperation with the Cooperative Central Bank of Cyprus authorising a new €50 million credit line for SMEs. This came after the signing, in the end of 2013, of two support schemes for Cypriot SMEs, worth €150m.

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