Cyprus Becomes a Net Recipient of EU Funds for the First Time

Cyprus is strategically located at the crossroads of Asia, Europe, and Africa, serving as a vital maritime hub with close economic ties to European countries and surrounding regions. As a member of the European Union, it is also a key country along the route of China's Belt and Road Initiative. The President of Cyprus has explicitly stated that the Belt and Road Initiative holds significant importance for cooperation between China and Europe, as well as between Asia and Europe.

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Cyprus is strategically located at the crossroads of Asia, Europe, and Africa, serving as a vital maritime hub with close economic ties to European countries and surrounding regions. As a member of the European Union, it is also a key country along the route of China's Belt and Road Initiative. The President of Cyprus has explicitly stated that the Belt and Road Initiative holds significant importance for cooperation between China and Europe, as well as between Asia and Europe. The favorable tax regime and double taxation avoidance agreements in Cyprus provide unique advantages for attracting foreign investment. Furthermore, Cyprus is one of the more friendly countries towards China within the EU, making it a viable option for Chinese investors seeking business opportunities. Currently, investing in immigration to Cyprus is a great opportunity.


Cyprus

 

According to reports from Cypriot media, Cyprus is set to receive a total of 13 billion euros in EU funds between 2014 and 2020, marking the first time since joining the EU that the country has become a net recipient of EU funds. The European Court of Auditors has submitted the budget audit for 2014, which will allocate 13 billion euros to Cyprus under the 2014-2020 financial framework. Data shows that the EU funds received by Cyprus amount to approximately 1560 euros per capita, which is higher than the EU average of 1500 euros per capita.

 

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