"Cyprus has the status of a “more developed region” in the current EU cohesion policy and would normally receive 50% co-financing for projects under the European Regional Development Fund and European Social Fund programmes. But given that Cyprus has been experiencing economic hardship and declining investment over a long period, it was granted a higher co-financing rate of 85% between 1 January 2014 and 30 June 2017."
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"Cyprus has the status of a “more developed region” in the current EU cohesion policy and would normally receive 50% co-financing for projects under the European Regional Development Fund and European Social Fund programmes. But given that Cyprus has been experiencing economic hardship and declining investment over a long period, it was granted a higher co-financing rate of 85% between 1 January 2014 and 30 June 2017."