First-ever EIB board meeting in Cyprus

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The top decision-makers of the European Investment Bank (EIB) are successful Cyprus for their archetypal committee gathering successful the country, shining a spotlight connected the land arsenic a cardinal spouse successful European development.

Executives from each 27 EU member-states person gathered successful Limassol, coinciding with Cyprus’ presidency of the European Council. The main discussions will take spot connected Tuesday astatine the Grand Resort Hotel.

On Monday afternoon, the committee members were to visit the West Limassol Biological Station, an EIB-funded project, earlier attending a working meal hosted by Finance Minister Makis Keravnos. President Nikos Christodoulides will code the committee connected Tuesday astatine noon, followed by a backstage gathering with EIB President Nadia Calvino.

Cyprus has seen important backing from the EIB implicit the past 5 years, with investments exceeding 1.5 cardinal euros. Just past week, three caller agreements were signed: a €50 cardinal money for the Thalia 2021-2027 program, €5 cardinal to upgrade the Cyprus Institute of Neurology and Genetics, and €62.5 cardinal with Eurobank to support section small and medium-sized enterprises under the InvestEU initiative.