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Bilateral national fund - Cyprus

About the fund

 

The national bilateral fund in Cyprus aims at increasing cooperation and strengthening relations between Cyprus and Iceland, Liechtenstein and Norway. One of the key priorities is cooperation on oil and gas revenue management.

The funding from the bilateral national fund serves as a flexible source of financial support for initiatives from Cyprus and donor country entities that can contribute to strengthening the bilateral relations. The funds are to be used strategically and can go beyond the programmes.

The overall objective of the fund is to strengthen bilateral relations between Cyprus and Iceland, Liechtenstein and Norway. The aim is to increase the extent of cooperation between institutions and individuals, through formal partnerships and more ad hoc exchange and cooperation.

What are the priorities?

The national bilateral fund in Cyprus has the following main priorities:

  • Oil and natural gas revenue management
  • Programme preparation
  • Participation in conferences and seminars

Supported activities - examples

  • Participation by Cypriot officials in the workshop “Domestic and Gender-based Violence” organised by the Financial Mechanism Office in Brussels in May 2012
  • Participation by a Cypriot official in the “International Geothermal Conference – Iceland 2013” organised in Reykjavik 5-8 March 2013
  • Study visit of Cypriot experts and officials to Norway to learn about oil and natural gas management

Key facts
Size of fund: €39.942
Fund operator: National Focal Point, Planning Bureau, Directorate for International Economic Relations and Technical Assistance, Cyprus