An amount of €665.316.92 was paid by the Cyprus Agricultural Payments Organization (COAP) to winegrowers, as aid within the EPSA Measure 1b – Restructuring and Conversion of Vineyards for the Financial Year 2023. As stated in a statement by the Cyprus Agricultural Payments Organization, the financing came 100% from European Union funds.
The announcement states that the payments to the beneficiaries have been completed. It is clarified that the aid for EPSA Measure 1b – Restructuring and Conversion of Vineyards, was given with the aim of increasing competitiveness through the restructuring and varietal conversion of wine-making vineyards, using modern cultivation practices, with varieties that provide greater opportunities for commercial exploitation and production potential.
Source: KYPE