Cyprus Announces €454M CAP Plan for Rural Development and Young Farmers
Cyprus is launching a €454 million funding initiative under the EU's Common Agricultural Policy for 2023-2027, focusing on rural development and support for young farmers. This plan includes various funding opportunities and infrastructure projects to enhance agricultural productivity and market efficiency.
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Cyprus's Minister of Agriculture outlined a €454 million funding initiative under the EU's Common Agricultural Policy for 2023-2027, aimed at improving farm income and promoting sustainable practices. Key funding programs include a €60 million investment scheme for agricultural development and a €7.5 million program for young farmers, with applications due by May 29, 2026.
Infrastructure projects are also underway, including three new desalination plants and a permanent facility in Ayia Napa-Ayia Thekla, designed to stabilize water supply. Additionally, a digital platform has been introduced to enhance market transparency. These initiatives are critical to supporting local economies and addressing pressing water supply challenges amidst ongoing dry conditions.
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