European Cohesion Policy 2007-2013 in Cyprus: Priorities and Impact of Cohesion Policy in the Member States
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For the 2007–13 period, Cyprus has been allocated approximately €640 million: €213 million under the Cohesion Fund, €399 million under the Regional Competitiveness and Employment Objective, and €28 million under the European Territorial Cooperation Objective. This will be implemented through two programmes: The first, ‘Sustainable Development and Competitiveness’, will receive funding from the European Regional Development Fund (ERDF) and the Cohesion Fund, while the second, entitled ‘Employment, Human Capital and Social Cohesion’, will receive funding from the European Social Fund (ESF).
All of Cyprus constitutes a single region; however, the European Community acquis is suspended in the areas of the Republic of Cyprus in which the Government of the Republic of Cyprus does not exercise effective control.