Cyprus Mail

Switzerland contributes over €15 million to Cyprus

Υπουργός Οικονομικών – Υπογραφή Συμφωνίας
Finance Minister Constantinos Petrides and Swiss ambassador to Nicosia Christoph Burgener

Switzerland will be contributing a total of over €15 million to Cyprus for cohesion projects, as part of a set of agreements between the two governments.

On Monday, Finance Minister Constantinos Petrides and Swiss ambassador to Nicosia Christoph Burgener signed a framework agreement by which Cyprus will receive a grant of 5.2 million Swiss francs (around €5.4 million).

Three projects have been selected for funding, which serve needs in the field of health and social protection as well as civic engagement and transparency.

An amount of €2.2 million will be allocated for the construction/expansion of the facilities of the Association for the Prevention and Handling of Violence in the Family (Spavo), to serve the victims of domestic violence.

With the aim of a holistic support for patients with rare diseases and their families, an amount of €2.1 million will be allocated to the Karaiskakeio Foundation for the creation of a specialised centre for this purpose.

Furthermore, an amount of €1 million will be given to support the work of the Committee on Missing Persons (CMP).

Meanwhile, another agreement was signed between the two countries on October 31, 2022, where Cyprus will receive CHF 10.0 million (approx. €10.4 million) to support migration measures.

The total grant of CHF 15.2 million (€15.8 million approx.), will be allocated to Cyprus through the two framework agreements on cohesion and migration, based on a memorandum of understanding between Switzerland and the EU, which was signed on June 30, 2022.


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