The mission of the Support Group for Cyprus (SGCY) is to help alleviate the social consequences of the economic crisis in Cyprus.
By mobilising EU funds and technical expertise, the SGCY supports the Cypriot authorities’ efforts to restore financial, economic and social stability and to implement the Memorandum of Understanding on Specific Economic Policy Conditionality ("the MoU"). In this way, the SGCY is helping Cyprus to establish solid foundations for a return of the economy to robust competitiveness, growth and job creation.
This way, Cyprus is laying solid foundations for a return of the economy to robust competitiveness, growth and job creation.
Mary McCarthy – Head of the Support Group
Simon O´Connor - Press contact
Tel: +32 (0) 2 29 67359
SGCY First Activity Report , 2 April 2014
The SGCY's core operational objectives are to:
In pursuing our objectives, we act under the responsibility and general coordination of the Commissioner for Economic and Monetary Affairs and the College of Commissioners and draw on contributions from all relevant Commission services, EU Member States and international organisations.