AGRICULTURE AND RURAL DEVELOPMENT
  • Agriculture and Agricultural Infrastructure
  • Veterinary Services and Animal Health
  • Food Safety and Food Security
  • Agribusiness Development
  • Rural Development
  • Farm Management
  • Plant Health
  • Fishery
AGRICULTURE AND RURAL DEVELOPMENT
  • Agriculture and Agricultural Infrastructure
  • Veterinary Services and Animal Health
  • Food Safety and Food Security
  • Agribusiness Development
  • Rural Development
  • Farm Management
  • Plant Health
  • Fishery
AGRICULTURE AND RURAL DEVELOPMENT
  • Agriculture and Agricultural Infrastructure
  • Veterinary Services and Animal Health
  • Food Safety and Food Security
  • Agribusiness Development
  • Rural Development
  • Farm Management
  • Plant Health
  • Fishery
Environment
  • Coastal & Marine Resources Management
  •  Pollution and Waste Management
  • Watershed Management
  • Climate Change
  • Forestry 
  • Water Resources
  • Management
Environment
  • Coastal & Marine Resources Management
  •  Pollution and Waste Management
  • Watershed Management
  • Climate Change
  • Forestry 
  • Water Resources
  • Management
Social Development
  • Human Resources Development
  • Labor Market Interventions
  • Local Development
  • Education
  • Health
  • Civil Society Strengthening
Social Development
  • Human Resources Development
  • Labor Market Interventions
  • Local Development
  • Education
  • Health
  • Civil Society Strengthening
Economic Development
  • Trade Development
  • Investment Promotion
  • Regional Economic Integration
  • Regional Development
  • Private Sector Development
Economic Development
  • Trade Development
  • Investment Promotion
  • Regional Economic Integration
  • Regional Development
  • Private Sector Development

TECHNICAL ASSISTANCE TO BUILD THE CAPACITY OF LOCAL STAKEHOLDERS (INCLUDING BUSINESS SUPPORT ORGANISATIONS AND ENHANCE THE COMPETITIVENESS OF THE PRIVATE SECTOR)

Country: Cyprus

Sector(s): Economic development

Date: 11/2015 - 09/2018

Client / Beneficiary: European Commission - DG REGIO

Financing Agency: European Union

Project Value: 2,460,600 €

Description of the project and Services provided:

The growth model followed by the TCc in the past few decades has relied heavily on foreign and public involvement in the economy. Fiscal incentives have been used to spur private investment; public employment to absorb labour to keep unemployment in check and to provide young graduates with opportunities. More attempts are now made to promote sector growth to move the economy away from its reliance on the public sector, spur private job creation, and increase income convergence with the government controlled areas.

Upon reunification, Micro and Small Sized Enterprises (MSMEs) will be required to comply with the aquis. Suitable support is necessary to make enterprises aware of best practices in various sectors, including corporate governance, business ethics, and trade. In some areas this will require considerable investment to reach, for example, adequate environmental standards.

The results of the project are:

  • The policy, planning, implementation and coordination capacity of relevant bodies carrying out functions in the public interest as well as their organisational and managerial capacity and that of business support organisations (BSOs) active in support to SMEs and generally in support of the development of the private sector are strengthened.
  • Dialogue and coordination among the private sector, the relevant bodies active in the public interest, civil society (BSOs in particular) and other relevant stakeholders involved in the development of the private sector is improved.
  • The regulatory framework for developing the private sector (in particular SMEs) is strengthened.
  • Entrepreneurship is encouraged.
  • Competitiveness of SMEs is strengthened and trade facilitated.
  • The feasibility and conditions for the setting up of an incubators/innovation centres/clustering/business development centres are verified, clarified and elaborated and their governance supported.

The services provided are:

  • Policy Advise
  • Economic and Private Sector Development
  • Business and SME development
  • Institutional Capacity Building
  • Legal and regulatory Framework
  • Tourism
  • Ecotourism
  • Awareness & Communication
  • Incubators/clustering
  • Investment
  • Public Finance
  • Institutional capacity building/strengthening
  • Policy advice
  • Legal approximation
  • Training
  • Sectoral policy design

Subsectors of activities:

  • Banking Sector/Credit/Investment
  • Craft Industries
  • Development Economics
  • Employment Policy
  • Micro-Credit
  • Macroeconomics/ Structural Adjustment
  • Privatisation
  • Regional Development
  • Public Finances/Budget
  • Tourism/Hotel Trade
  • Structural Funds
  • Strengthen/ Development of Small and Medium Sized Enterprises
  • Trade Promotion/Marketing
  • Intellectual Property
  • Import-Export
  • Industrial Policy
  • Socio-Economics