More than 鈧?00 million in EU funds has been allocated to improve the competitiveness of Cypriot businesses between 2021 and 2027, but the full absorption of this amount could be endangered by a lack of liquidity necessary for the programme to work.Businesses eligible for this funding are obliged to provide some funds themselves but are having difficulty securing bank loans for this pur <a href=https://www.cup-stanley.co.uk>stanley cup</a> pose. The difficulty in securing loans from banks to cover a bu <a href=https://www.stanley-cups-uk.uk>stanley quencher</a> siness contribution, along with the lack of alternative sources of funding, jeopardises the potential for absorbing these EU funds, which will affect both companies and the Cypriot economy, Minister of Energy, Commerce and Industry Natasa Pilides said on Wednesday during a workshop arranged by the ministry.She explained that the unwillingness of banks in Cyprus to take on any risks discourages them from funding start-up companies or young companies that wish to expand their operations. Pilides said alternative financing sources, including venture capital by which equity is exchanged for funding, was of vital importance. The operation of such institutions in our country can fill a significant gap that exists in our business environment, which is exactly where new business ideas are born and are in need of assistance to flourish and grow, the minister said.Christos Photiades, the Senior Commerce and Industry Officer at the Ministry of Energy, Commerce and Indu <a href=https://www.stanley-cup.co.nz>stanley cup nz</a> stry, also touched upon the issue of business liquidity. We have entered in Ktmh Louise E. Lavaway
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