Thalia

Programme

Short Description

Programme “THALIA 2021-2027” constitutes a multi-annual, multi-fund development Programme that was drawn up in accordance to the Article 22 of the Regulation (EU) 2021/1060 (Common Provisions Regulation – CPR), outlining the development strategy for the utilization of the resources allocated to Cyprus through the Cohesion Policy Funds, for the period 2021-2027.

The total budget of the Programme amounts to €1.81 billion, of which €968 million comes from the EU Cohesion Policy Funds, while the remaining €842 million is the national contribution.

The Programme:

  • Aims to create a robust and competitive economy through smart, digital and green investments, under conditions of full employment and social cohesion.
  • Aligns the development priorities of Cyprus with the new priorities and the five EU Policy Objectives for the period 2021-2027.

The Programme is structured through sixteen (16) Priorities, which have been established through the selection of Specific Objectives, including Priorities referred to Technical Assistance. Each Specific Objective is broken down by the type of supported actions, the indicative beneficiaries and the final recipients of the actions.

The policy interventions promoted, aim to strengthen the competitiveness of the economy, with a particular emphasis on the sectors of energy, environment, transport, as well as the integrated sustainable spatial development. In addition, the Programme aims to support the employment sector, and safeguard social inclusion and social cohesion.

It is noted that, the actions of the Programme include a combination of investments by the wider public sector, as well as Αid Schemes supporting private sector entities.

The approval of the Cohesion Policy Programme “THALIA 2021-2027” took place on July 8, 2022 in Cyprus, by the European Commissioner for Cohesion and Reforms herself, Mrs. Eliza Ferreira.