2020 Cyprus Country Report
The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.
The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.
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Agriculture & Food<br />
Sector Profile<br />
FOSTERING<br />
Sustainable Farming<br />
Innovative thinking focused on quality and sustainability is filtering into <strong>Cyprus</strong><br />
agriculture, supporting the growth of superfood crops, the fight against climate change<br />
and the development of unique exports which are all helping to transform the sector.<br />
Over the last two years, <strong>Cyprus</strong> has<br />
introduced a number of initiatives to<br />
boost the agricultural sector in areas<br />
such as water and waste management,<br />
smart farming, environmental<br />
protection and new measures<br />
to ensure better animal welfare. In<br />
addition, the country is focusing<br />
on protecting and promoting quality traditional<br />
products worldwide, which will soon be marked<br />
with a new national and official ‘seal of origin’ to<br />
identify products made by the local agricultural<br />
sector using local raw materials.<br />
Nurturing resource-efficient farming and focusing<br />
on quality rather than quantity are key<br />
aims going forward into a new decade. The government<br />
has invested heavily in modernising and<br />
reorganising the overall agricultural sector with<br />
the help of generous EU funds and provided additional<br />
support to the sector through various<br />
programmes and subsidies. This overhaul of the<br />
agricultural sector is being conducted with the<br />
rural development programme co-funded by<br />
the EU and <strong>Cyprus</strong>, 52% and 48% respectively.<br />
More than €485 million is expected through the<br />
Common Agricultural Policy (CAP) between<br />
2014 and <strong>2020</strong>, with further funds for modernisation<br />
and development under the new CAP<br />
from 2021 to 2027. The programme is open to<br />
all sectors for investment in the primary and<br />
secondary sectors, including organic farming,<br />
training, promotion, agritourism and applying<br />
for Protected Designation of Origin (PDO) or<br />
Protected Geographical Indication (PGI) status.<br />
<strong>Cyprus</strong> agriculture is definitely seeing a revival<br />
into a more efficient and value-added industry<br />
with the help of innovation and investment in renewable<br />
energy and smart tech, and with a business-minded<br />
younger generation keen to capture<br />
new markets around the world and capitalise on<br />
the future potential of this sector.<br />
HIGH-VALUE PRODUCE<br />
With today’s strong focus on healthy eating<br />
trends, <strong>Cyprus</strong> has seized the opportunity to<br />
achieve commercial success in niche markets<br />
by the systematic cultivation of long-overlooked<br />
fruit and vegetables – and bring back traditional<br />
local varieties of grapes to expand its rapidly developing<br />
wine industry. Long renowned for its<br />
citrus fruit, potatoes and olives, <strong>Cyprus</strong> is also<br />
becoming associated with high-value produce<br />
such as prickly pears, pomegranates, carobs, aloe<br />
vera and others that grow well in the island’s dry<br />
climate.<br />
KEY<br />
contacts<br />
Ministry of Agriculture,<br />
Rural Development<br />
and Environment<br />
www.moa.gov.cy<br />
50 <strong>Country</strong> <strong>Report</strong> CYPRUS <strong>2020</strong>