The Interreg V-A Cooperation Program "Greece - Cyprus 2014-2020" (CCI Code 2014TC16RFCB055) was approved by the European Commission on 27.07.2015 by Executive Decision C (2015) 5319. In total it has a budget of € 64,560,486 of which € 54,876,411.00 comes from the European Regional Development Fund - ERDF (85%).

1. What is Interreg
European Territorial Cooperation (ETC), also known as Interreg, is one of the two objectives of EU cohesion policy and provides a framework for the implementation of joint actions and policy exchanges between national, regional and local actors from different Member States. The primary objective of European Territorial Cooperation (ETC) is to promote the harmonious economic, social and territorial development of the Union as a whole.

2. Objectives of the Interreg V-A Cooperation Program “Greece - Cyprus 2014-2020

The Interreg V-A Cooperation Program “Greece - Cyprus 2014-2020 aims to:
1. Increasing the competitiveness of the eligible area by supporting entrepreneurship and the use of information and communication technologies.
2. Covering areas such as energy, climate change and transport, by promoting a low-carbon economy
3. disaster prevention, the promotion of natural and cultural heritage and technologies for the protection of natural resources
4. Financing priorities

3. Priority axes
The program focuses on the following three priorities:
1. Enhance competitiveness and entrepreneurship in the cross-border area.
2. Energy efficient use and sustainable transport.
3. Preservation and protection of the environment and risk prevention.

4. Specific Objectives
Each Priority Axis focuses on the following Specific Objectives (ES):
1. Priority Axis 1: Enhancing competitiveness and entrepreneurship in the cross-border area

HS 1.1 - Increasing the use of ICTs in areas of common interest (in the areas of e-government, e-business, e-culture and tourism)
HS 1.2 - Strengthening the extroversion of SMEs
2. Priority Axis 2: Energy Efficiency and Sustainable Transport

HS 2.1 - Increasing energy saving in public buildings
HS 2.2 - Reducing the environmental footprint of public transport in urban areas with significant gaseous pollution.
HS 2.3 - Enhancing interoperability and safety in maritime transport
3. Priority Axis 3: Preservation and protection of the environment and risk prevention

HS 3.1 - Improving joint risk management of natural, technological and humanitarian disasters
HS 3.2 - Improving the attractiveness of areas of natural and cultural interest
HS 3.3 - Improvement of Marine Spatial Planning and Coastal Zone Management
HS 3.4 - Improving the efficiency in the use of waste and water resources
4. Priority Axis 4: Program Technical Assistance