The government is set to allocate €595,000 in European Union funding for the Cypriot winemaking sector at the end of January, Agriculture Minister Petros Xenophontos said on Saturday.
Speaking at the opening of the viticulture sector advisory services centre in Vouni, in the Limassol district, he said the funds come as part of the EU’s Common Agricultural Policy objectives for the period between 2023 and 2027.
He added that the goal of the funds “is the development of innovative products, processes, and production technologies, as well as other investments which add value to the supply chain”.
“The possibility of increasing the amount is also being looked into, depending on interest.”
To this end, he said the government attaches significant importance “to the particularly sensitive wine-growing centre”, and said the funding “symbolises the fact that preservation and further development of Cypriot wine-growing regions is an exceptional priority”.
He said that with this in mind, the total funds allocated to the Cypriot wine sector by the EU’s Common Agricultural Policy’s strategic plan will reach more than €22 million by the end of 2027.