President Christodoulides announces additional funding for the primary sector

President Nikos Christodoulides announced an additional €2 million in state funding to support young people entering the primary sector during his attendance at the 10th Festival of Agricultural Culture in Protaras on October 3, 2026. The government decided to approve these extra funds after the initial support plan reached its capacity, ensuring that all young applicants interested in agricultural activities become eligible for state assistance. This initiative is part of a broader government strategy aimed at revitalizing a sector that has experienced a downward trend in GDP contribution over the last two to three decades.

During the event, the President outlined recent financial interventions to support the agricultural community, including over €20 million paid to address the consequences of foot-and-mouth disease, €4.6 million allocated for drought-related damages, and a separate €1 million plan to address immediate sectoral needs. The government aims to transform challenges in the industry into opportunities by utilizing modern technology and agricultural training. These measures reflect a strategic focus on encouraging generational renewal in farming, which officials view as vital for the economic future of Cyprus.