EIB funding of €55 mln for Cyprus

The European Investment Bank (EIB), Cyprus’ Ministry of Finance and the Cyprus Institute of Neurology and Genetics (CING) signed two caller financing agreements connected Thursday, for €55 cardinal of further backing for projects associated with healthcare, research, education, and sustainable development.

The archetypal statement that was signed concerns further financing of €5 cardinal for CING, bringing the EIB’s total support for the institute to €31 million. The caller funds will beryllium used to implicit the operation of caller facilities, refurbish existing premises, and acquisition precocious aesculapian and laboratory equipment, including genomics, proteomics, microscopes, bioinformatics tools, and a biobank.

The 2nd statement involves the allocation of €50 cardinal to the Operational Program THALIA 2021-2027, which is Cyprus’ main improvement program. It aims to beforehand smart, greenish and inclusive growth, with investments successful areas such arsenic vigor and water efficiency, modernization of schools and vocational training centers, improvement of integer nationalist services, and biology extortion and clime resilience. The THALIA fund amounts to €1.5 billion, with the EIB having already financed €180 million.