Cyprus wine sector to get €22 million over the next five years

Published Apr 4, 2023

Tridge summary

Cyprus's Agriculture Minister, Petros Xenophontos, has announced a plan to invest €22 million in the country's wine sector by 2027, as part of a larger €373 million strategic plan under the Common Agricultural Policy (CAP). This plan aims to support the agricultural sector, including €155 million for farmers and efforts to benefit Halloumi cheese production. The funding will be used for modernizing wineries, replanting vineyards with popular grape varieties, and addressing water management and soil preservation issues. The CAP also includes initiatives to create local job opportunities and modernize the agricultural sector in a sustainable and resilient manner.

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Original content

Petros Xenophontos, the Agriculture Minister for Cyprus, has pledged €22 million of EU funding to the country’s wine sector by the end of 2027, to help modernise wineries and replant vineyards with more widely recognised grape varieties. Over €22 million will be allocated to the wine sector in Cyprus by the end of 2027, Xenophontos said on Sunday. The funding is part of the country’s Common Agricultural Policy (CAP) strategic plan worth €373 million, which was approved by the European Commission in December. The Cypriot plan aims to sustain the agricultural sector’s resilience against competitors. Around €155 million is set to be allocated to support farmers’ income. The Cypriot plan will support sheep and goat farming in particular in order to support the production of Halloumi cheese, the main Cypriot agricultural export and a registered Protected Designation of Origin. Water management and soil preservation have been identified as the main challenges to address when it comes to ...

Source: Thedrinkbusiness